Is SAIF coverage mandatory for all businesses?

Yes, SAIF coverage is mandatory for most businesses in Oregon. All employers who have one or more employees are required by state law to provide workers' compensation insurance. SAIF is the state's not-for-profit, state-chartered workers' compensation insurance provider and offers coverage to businesses in Oregon. However, there are some limited exceptions to this requirement, such as sole proprietors, partners, or LLC members who are not employees. Additionally, certain employees, like domestic or casual laborers, may also be excluded from mandatory coverage. SAIF provides affordable coverage options tailored to meet the specific needs of businesses. It is crucial to consult with SAIF or a licensed insurance professional to determine the correct insurance coverage for your business.