Contractors' Tools

The best online sources of information for what is required to work as a contractor in Oregon and/or Washington are the websites of the contractor regulatory agencies of those states. Included in their information are the general liability insurance limits and the bond limits contractors are required to carry.

The information link to the Oregon Contractors Construction Board is http://www.oregon.gov/CCB/Contractor_Help.shtml.

The information link to the Oregon Oregon Landscape Contractors Board is http://www.oregon.gov/LCB/licensing.shtml

The information link to the Washington Bureau of Labor and Industries is http://www.lni.wa.gov/TradesLicensing/Contractors/HowReg/default.asp.

For information regarding Oregon Workers' Compensation Insurance, go to the Oregon Workers" Compensation Division web page at http://www.cbs.state.or.us/wcd/.

In the State of Washington, Workers' Compensation Insurance can be obtained only through the state. It is not available from insurance agents. For Washington information, go to http://www.lni.wa.gov/.

A Certificate of Insurance is a form that provides evidence to someone else that you or your business has insurance coverage in force. It shows the company that insures you, the policy number, the type of coverage, the amounts of coverage, and the policy effective and expiration dates.

If you need to provide a certificate to someone to show evidence of your business’s insurance, following is the information we normally need in order to process your request.

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A Certificate of Insurance identifies a business, its insurance carriers, and the coverages that the business carries. For the certificate holder, the person or company that requests a certificate, a Certificate of Insurance is evidence that the certificate provider operates a business that is separate and distinct and that he is responsible for his own insurance protection, business affairs and employees.

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IMPORTANT NOTICE

 1. This general liability quote request applies only to the states of Oregon and Washington. Do not fill out this form if you are not located, or do not operate your business, in Oregon or Washington.

 2. Insurance companies may use information from you and other sources which pertains to the ability of you or your business to meet financial obligations. By submitting this quote request, you are giving permission for the possible access and review of your credit history and credit rating. This authorization extends to Beaverton-Tigard Insurance and to any insurance company that it may contact for the purpose of obtaining coverage for you and/or your business. This authorization is to remain in force until you choose to rescind it in writing.

 3. No coverage will be started by submitting this form. Coverage may be placed in force only after you decide to purchase it from us, and then after you sign an application and pay the initial premium.

 4. Submitting the following quote request constitutes your agreement with the above statements. We will contact you within two business days after we receive your request. If you have questions concerning this notice or about the following form, please call us at 503-620-0230 or toll-free 1-888-620-0230.

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Very broadly, Commercial General Liablility (CGL) covers a business for accidental bodily injury and property damage that might be suffered by others that are a result of the negligence of the business due to its premises or the conducting of its operations.

A CGL policy usually shows the following coverages. Example coverages are also shown to demonstrate what you might see on a CGL policy.

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IMPORTANT NOTICE

1. This bond quote request applies only to the states of Oregon and Washington. Do not fill out this form if you do not live or work in Oregon or Washington.

2. Bonds are financial guaranties. To make such guarantees, bonding or surety companies routinely check into any information concerning or pertaining to your financial standing, credit or manner of meeting financial obligations. By submitting this bond request, you are giving permission to access and review your credit history and credit rating. This authorization extends to Beaverton-Tigard Insurance and to any bond or surety company or agency that it may contact for the purpose of obtaining bonding for you and/or your business. This authorization is to remain in force until you choose to rescind it in writing.

3. No bond will be started by submitting this form. A bond may be placed in force only after you decide to purchase one from us, and then after you complete and sign the bond application and pay the bond premium.

4. Submitting the following quote request constitutes your agreement with the above statements. We will contact you within two business days after we receive your request. If you have questions concerning this notice or about the following form, please call us at 503-620-0230 or 1-888-620-0230.

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A BOND is a financial guarantee arranged among three parties:

  1. The Obligee, the party requiring the Principal to have the bond;
  2. The Principal or Indemnitor, the Purchaser, who is required to have the bond; and
  3. The Bonding or Surety Company, who, by issuing the bond, guarantees that the Principal will fulfill its legal financial obligations to the Obligee as required under the bond agreement.

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IMPORTANT NOTICE

  1. This workers compensation quote request applies only to the state of Oregon. Do not fill out this form if your employees do not work in Oregon.
  2. Most insurance companies, including workers compensation carriers, may use information from you and other sources which pertains to the ability of you or your business to meet financial obligations. By submitting this quote request, you are giving permission to the possible access and review of your credit history and credit rating. This authorization extends to Beaverton-Tigard Insurance and to any workers compensation carrier that it may contact for the purpose of obtaining this coverage for you and/or your business. This authorization is to remain in force until you choose to rescind it in writing.
  3. No coverage will be started by submitting this form. Coverage may be placed in force only after you decide to purchase it from us, and then after you pay the initial premium.
  4. Submitting the following quote request constitutes your agreement with the above statements. We will contact you within two business days after we receive your request. If you have questions concerning this notice or about the following form, please call us at 503-620-0230 or toll-free 1-888-620-0230.

 

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There are two kinds of insurance coverage that are required by law. If you own a vehicle, the law requires that you carry automobile liability insurance on it. If you own a business, and if you employ people to work for you in your business, you are required by law to provide WORKERS’ COMPENSATION coverage for them.

If an employer does not provide coverage for his employees, he is said to be in NON-COMPLIANCE with the law. A non-complying employer can be fined for failing to provide this coverage. If he continues in non-compliance, he can face further penalties and his business can be shut down. If an employee of a non-complying employer gets injured, the employer may end up paying out of his own pocket all costs of the injured worker’s claim.

There are exemptions to this requirements. They are listed in Oregon statute 656.027. Even though coverage is not required for these non-subject workers, if an injury occurs to a non-subject worker, the employer is not excused from paying for medical and rehabilitation costs, or the legal costs, that may ensue from the injury.

PART A of the coverage is WORKERS’ COMPENSATION INSURANCE. It covers Bodily Injury to employees in the course of their employment. It covers payment of bodily injury claims in full. It will also pay for time lost from work. If an injury is serious and requires rehabilitation or retraining, it will be provided by this coverage. If the injury is so serious that the employee is disabled, it will pay disability payments. There is no maximum limit of coverage under Part A.

PART A also lists the state that the coverage applies to. An Oregon policy covers employees who work in Oregon. The legislature of each state is responsible for the content of the workers’ compensation coverage that is available for that state. No matter what company an Oregon employer gets coverage from, his policy is identical in coverage to every other workers’ compensation policy issued in Oregon. The things that vary from company to company are the premiums charged, and the customer service and claims service, of each company.

If Oregon employees work outside the state of Oregon, or if the Oregon employer hires workers to work in another state, there is a high probability that the Oregon policy does not cover them, or that the state they work in will not recognize the Oregon policy as legitimate coverage for their state.

PART B of the policy is EMPLOYERS’ LIABILITY INSURANCE. This part provides liability protection for the employer if the employee decides to sue the employer for the bodily injury the employee suffered.

The standard limits of liability coverage for Part B are:

            BODILY INJURY BY ACCIDENT                $500,000 EACH ACCIDENT

            BODILY INJURY BY DISEASE                    $500,000 EACH EMPLOYEE

            BODILY INJURY BY DISEASE                    $500,000 POLICY LIMIT.

Injured employees seldom seek coverage under Part B. The reasons for this are: (1) Part B coverage is limited while Part A coverage has no maximum limit. (2) If an employee pursues a claim under Part B, the insurance company stop making payments under Part A, so the unlimited coverage of Part A would stop and there would not be any further payment until the claim is completely settled.

PART C of the policy is OTHER STATES INSURANCE: If a business has operations in other states, and the insuring company is willing to include coverage in those states on its Oregon policy, those states would be listed in this section.

WORKERS’ COMPENSATION PREMIUMS are based on:

  1. CLASS OF WORK: The types of work done by employees. There are over 600 different job classifications that employees may be classified under.
  2. ANNUAL PAYROLL: The amount of annual payroll paid under each job classification.
  3. RATE PER $100 OF PAYROLL: Every year, on January 1st, new rates per $100 of payroll are published by NCCI (National Council of Compensation Insurance) for the state of Oregon. Like many other states, Oregon is a member of NCCI and provides the rating data that NCCI uses to calculate Oregon’s annual rates.
  4. EXPERIENCE MODIFICATION: This rating factor applies only to employers with more than $2500 of premium per year and with coverage in force for two or more years.

At the beginning of coverage, the employer ESTIMATES the annual payroll. When the policy year ends, an AUDIT is done to determine the ACTUAL payroll for the policy year. If the audited payroll is higher than the estimated payroll, an additional premium will be due. If the audited payroll is less than the estimated payroll, there will be a refund of overpaid premiums.

In Oregon, the owners of a business can choose not to be included in this coverage. Or they can choose to be covered. Many owners choose to exclude themselves due to the cost of the coverage.

NCCI’S RESIDUAL MARKET: This is sometimes referred to as the ASSIGNED RISK POOL. When the law requires an insurance coverage, and an employer finds that no insurance company wants to offer him coverage, there has to be a source for obtaining this coverage. This is the source the state provides to employers who cannot obtain coverage elsewhere.

Major reasons why a business might end up in the residual market:

  1. If the employer has been in non-compliance (that is, has had employees but has failed to provide workers’ compensation for them);
  2. If the business has had a bad claims history;
  3. If the business has had a history of failing to pay its premium in a timely manner;
  4. If the business has failed to cooperate with the insuring company for inspections and audits.

This information is general in nature and should not be taken to replace the specific terms of an actual workers’ compensation insurance policy. As with all insurance coverages, refer to the actual policy that covers your interests for a complete and legal explanation of what is covered and what isn’t.

For more information regarding Oregon Workers' Compensation Insurance, go to the Oregon Workers" Compensation Division web page at http://www.cbs.state.or.us/wcd/.

In the State of Washington, workers' compensation insurance can be obtained only through the state. It is not available from insurance agents. For Washington information, go to http://www.lni.wa.gov/.

 

 

 

IMPORTANT NOTICE

1. This pollution liability insurance quote request applies only to the states of Oregon and Washington. Do not fill out this form if you do not work or live in Oregon or Washington.

2. No insurance will be started by submitting this form. Coverage may be placed in force only after you decide to purchase it from us, and then after you complete and sign the insurance application and pay the initial premium.

3. Submitting the following quote request constitutes your agreement with the above statements. We will contact you within two business days after we receive your request. If you have questions concerning this notice or about the following form, please call us at 503-620-0230 or 1-888-620-0230.

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Questions?

If you have questions concerning this information, please call us at 503-620-0230, or come in.

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