Oregon Business Insurance

Customized protection for your Oregon business

As a small business owner in Oregon, you should consider several types of business insurance to protect from a variety of risks related to your daily operations, business property and employees. Choosing to run a business in Oregon without business insurance could result in lawsuits and recovery costs that might be difficult to handle on your own.

Oregon reported 59,100 non-fatal workplace injuries in 2022, with nearly 86% of them from private sector businesses, according to the Bureau of Labor Statistics. Incidents like these can disrupt your business and threaten your cashflow and assets. Insurance can help minimize these problems.

Get business insurance through The Progressive Advantage® Business Program. We’ll help you customize an Oregon business insurance policy to your specific needs.

Types of OR business insurance

General Liability

This is the most common business insurance coverage, and nearly all businesses in Oregon should have it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons.

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Workers' Compensation

Most employers in Oregon are required to carry workers' comp insurance for their employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property, such as a storefront, warehouse or office building.

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Professional Liability

Oregon businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.

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How much does business insurance cost in Oregon?

The cost of business insurance in Oregon depends on a variety of factors, including your business’s coverage needs, location and size. For example, a business in Portland can expect a different rate than a business in Medford, or a business with employees might pay more than one that doesn’t.

The most influential factor is your profession. Each business is rated on the exposures that are unique to their industry. For example, a general contractor usually oversees several projects and manages a variety of contractors. A handyman, on the other hand, typically works one job at a time and is only responsible for himself. In this situation, the handyman is considered to have less risk and will likely pay less for coverage.

Learn more about the factors that influence business insurance rates. You can also get a quote online to find out what you’ll pay for customized coverage.

Oregon business insurance requirements

Most business insurance coverages aren’t required by Oregon state law except for workers’ compensation. Any business that has employees is required to carry workers’ comp coverage and has the option to purchase coverage through a private insurance carrier.

While you’re not legally required to carry other business coverages, like general liability, in Oregon, you probably should. An unexpected accident can result in a claim that’s difficult to overcome without it.

Resources for Oregon small business owners:

Small Business Insurance Resources (Oregon.gov)
Workers’ Compensation Information (Oregon Workers’ Compensation Division)
2018 Oregon Workplace Injury Data (U.S. Bureau of Labor Statistics)
2023 Oregon Small Business Profile (U.S. Small Business Administration)

Oregon professions we insure

We help small business owners from a wide variety of industries, including these common professions:

Browse more examples of professions we insure.

Why choose Progressive?

Options

We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.
Experts

As the #1 commercial auto insurer in America^*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.
Convenience

There are several ways to get a quote, whether you need a single Oregon policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.