NEXT tops our analysis of Oregon business insurance providers because of its strong customer service and comprehensive coverage. The Hartford and Simply Business are also reliable options for small business owners across the state.
Business Insurance in Oregon
NEXT tops our Oregon business insurance rankings with a MoneyGeek score of 4.62 out of 5.
Find affordable coverage that protects your small business in Oregon below.
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Updated: August 21, 2025
Advertising & Editorial Disclosure
Key Takeaways
Small business owners can get the best business insurance in Oregon from NEXT, The Hartford and Simply Business.
The best business insurance in Oregon depends on your industry risks, employee count and preferred coverage limits.
To find the best coverage, assess your risks, compare multiple quotes, research provider service quality and maximize available discounts.
Best Business Insurance Companies in Oregon
| NEXT | 4.62 | 4 | 1 | 2 |
| The Hartford | 4.61 | 1 | 2 | 3 |
| Simply Business | 4.49 | 4 | 5 | 1 |
| Nationwide | 4.47 | 6 | 2 | 4 |
| Coverdash | 4.41 | 5 | 6 | 2 |
| biBERK | 4.38 | 8 | 2 | 5 |
| Progressive Commercial | 4.32 | 3 | 7 | 5 |
| Thimble | 4.30 | 2 | 8 | 5 |
| Hiscox | 4.26 | 7 | 4 | 6 |
| Chubb | 4.26 | 9 | 3 | 4 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best by Coverage Type
The Hartford leads Oregon's market with the best general liability coverage and business owner's policies (BOP). NEXT provides superior professional liability insurance and workers' compensation coverage.
| Business Owners Policy | The Hartford | 4.61 |
| General Liability | The Hartford | 4.62 |
| Professional Liability (E&O) | NEXT | 4.75 |
| Workers Compensation | NEXT | 4.59 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Best Oregon Small Business Insurance Reviews
Our research identified the top three business insurance providers in Oregon for small companies. Each insurer stands out with unique strengths that help owners find the right comprehensive coverage for their needs.
NEXT
Best Customer Experience
MoneyGeek Rating
4.6/ of 5
4.4/5Affordability
4.7/5Customer Experience
4.8/5Coverage Options
Average Monthly Cost of General Liability Insurance
$96This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$64This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
3.9/5.0Ranked #4 nationallyOur Survey: Likely to Be Recommended to Others
4.8/5.0Ranked #1 nationally
The Hartford
Best for Affordability
MoneyGeek Rating
4.6/ of 5
4.6/5Affordability
4.6/5Customer Experience
4.7/5Coverage Options
Average Monthly Cost of General Liability Insurance
$76This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$64This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Survey: Claims Process
4.5/5The Hartford ranks #1 nationally for claims process satisfactionOur Survey: Likely to Be Recommended to Others
4.5/5The Hartford ranks #2 nationally for customer recommendations
Simply Business
Best for Coverage Availability
MoneyGeek Rating
4.5/ of 5
4.4/5Affordability
4.2/5Customer Experience
4.9/5Coverage Options
Average Monthly Cost of General Liability Insurance
$89This rate is for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies.Average Monthly Cost of Workers' Comp Insurance
$67This rate is for small businesses with two employees across 79 major industries or business types and focus solely on workers' comp policies.Our Research: Policy Management
3.7/5Our Survey: Likely to Be Recommended to Others
4.2/5
Cheapest Business Insurance Companies in Oregon
The Hartford provides Oregon's most affordable business insurance at $78 monthly ($933 annually), while Thimble and Simply Business follow with rates of $87 and $90 per month. Check the table below to compare rates from all available providers across the state.
| The Hartford | $78 | $933 |
| Thimble | $87 | $1,045 |
| Simply Business | $90 | $1,081 |
| Progressive Commercial | $92 | $1,101 |
| NEXT | $93 | $1,113 |
| Coverdash | $94 | $1,125 |
| Nationwide | $95 | $1,135 |
| biBERK | $97 | $1,164 |
| Hiscox | $100 | $1,205 |
| Chubb | $109 | $1,314 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest General Liability Insurance Companies in Oregon
Oregon business owners can find the cheapest general liability coverage through The Hartford at $76 monthly. Simply Business offers the second-lowest rate at $89 per month. Compare each provider's general liability insurance rates in the table below.
| The Hartford | $76 | $910 |
| Simply Business | $89 | $1,067 |
| Nationwide | $90 | $1,080 |
| Progressive Commercial | $93 | $1,114 |
| NEXT | $96 | $1,148 |
| Coverdash | $96 | $1,152 |
| Thimble | $100 | $1,196 |
| Hiscox | $106 | $1,273 |
| biBERK | $106 | $1,274 |
| Chubb | $110 | $1,324 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on general liability policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Professional Liability Insurance Companies in Oregon
The Hartford offers the lowest-cost professional liability insurance (E&O) at $66 monthly ($796 annually). NEXT provides another budget-friendly option for Oregon businesses.
| The Hartford | $66 | $796 |
| NEXT | $67 | $806 |
| Progressive Commercial | $70 | $836 |
| Thimble | $70 | $846 |
| Simply Business | $71 | $850 |
| Coverdash | $72 | $867 |
| Hiscox | $72 | $869 |
| biBERK | $74 | $883 |
| Nationwide | $76 | $915 |
| Chubb | $82 | $985 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on professional liability/errors and omissions policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest Workers’ Comp Insurance Companies in Oregon
NEXT offers Oregon's cheapest workers' comp coverage at $64 monthly ($770 annually). The Hartford and Thimble also provide competitive rates, making these solid choices for affordable business insurance in the state.
| NEXT | $64 | $770 |
| The Hartford | $64 | $774 |
| Thimble | $65 | $784 |
| Progressive Commercial | $65 | $786 |
| Hiscox | $66 | $794 |
| Simply Business | $67 | $800 |
| Coverdash | $68 | $810 |
| biBERK | $70 | $837 |
| Nationwide | $75 | $902 |
| Chubb | $79 | $944 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on workers’ comp policies. Survey results reflect limited sample data and may not represent all available rates in your area.
Cheapest BOP Insurance Companies in Oregon
The Hartford offers the cheapest BOP rates in Oregon at $104 per month ($1,253 annually). Business owners can also find affordable BOP insurance through Thimble, Simply Business and Nationwide.
| The Hartford | $104 | $1,253 |
| Thimble | $113 | $1,352 |
| Simply Business | $134 | $1,605 |
| Nationwide | $137 | $1,641 |
| biBERK | $139 | $1,662 |
| Progressive Commercial | $139 | $1,668 |
| Coverdash | $139 | $1,672 |
| NEXT | $144 | $1,730 |
| Hiscox | $157 | $1,883 |
| Chubb | $167 | $2,002 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus solely on BOP policies. Survey results reflect limited sample data and may not represent all available rates in your area.
How Much Does Business Insurance Cost in Oregon?
Business insurance in Oregon costs between $68 and $137 monthly, with workers' compensation being the most affordable and business owner's policies the most expensive. Rates vary based on the coverage type your business needs.
| BOP | $137 |
| General Liability | $96 |
| Professional Liability (E&O) | $72 |
| Workers Comp | $68 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
Cost of Business Insurance by Industry and Coverage
Business insurance costs in Oregon vary widely based on industry and coverage types. Speech therapists pay just $6 monthly for workers' compensation, while pressure washing businesses spend up to $1,270 for a business owner's policy.
Data filtered by:Results filtered by:
Select
Coverage Type:Business Owners Policy
Select
Industry:Accountants
| Accountants | Business Owners Policy | $31 |
How Did We Determine These Rates?
These rates are for small businesses with two employees across 79 major industries or business types and focus on four coverage types: general liability, professional liability/E&O, workers' comp and business owner's policy. Survey results reflect limited sample data and may not represent all available rates in your area.
What Factors Influence My Costs?
Want to know why your premiums are so high? We listed several factors that impact your premiums:
Industry Risk Level
Your business type directly affects your insurance rates. A construction company in Oregon pays substantially more than a consulting firm because construction sites have higher accident rates. For example, an Oregon construction contractor often pays $500 or more monthly, while a business consultant might pay $50 for similar coverage levels.
Geographic Location and Weather Risks
Your location in Oregon affects your insurance costs. Businesses in wildfire-prone areas face higher rates than those in urban Portland. While Oregon experiences fewer natural disasters than many states, insurers consider local risks like winter storms, flooding, and wildfires when setting rates.
Business Size
Your employee count and revenue directly impact your insurance costs. Workers' compensation rates are calculated per $100 of payroll, while general liability costs reflect your annual revenue and customer volume. A Portland retail store with 20 employees pays more than a solo freelancer working from home.
Claims History
Your claims record affects rates across all coverage types. Filing multiple claims can increase your premiums by 20% or more. Insurance companies look back three to five years at your claims history when setting rates, so maintaining a clean record helps secure better pricing.
Coverage Types and Limits
Your choice of coverage types and limits shapes your premium costs. Higher coverage limits increase rates, but bundling options like a Business Owner's Policy can reduce overall costs by combining property and liability coverage. Choosing higher deductibles typically lowers your monthly payments.
Years in Business
New Oregon businesses pay higher premiums because insurers lack data to evaluate their risk level. Operating for three or more years with few or no claims typically leads to lower rates as you build a track record of safe business practices.
Professional Certifications
Safety certifications and professional licenses can reduce your insurance costs. Oregon businesses with OSHA safety training often qualify for premium discounts. Industry-specific certifications show insurers you follow best practices, which can lead to better rates.
Oregon Business Insurance Buying Guide
Running a business takes significant focus and energy. Getting business insurance might feel like one more task on your endless to-do list. Our straightforward guide breaks down Oregon insurance requirements into clear, manageable steps so you can make informed choices and get back to growing your business.
What Coverage Is Required?
We've researched all Oregon business insurance requirements to save you time. Check the section below for a complete breakdown of what coverage your business needs.
Workers' Comp
Oregon requires workers' compensation insurance for most businesses, with one of the strictest enforcement systems in the country. You must carry workers' comp if you have one or more employees, including part-time and seasonal workers. Oregon has strict rules: corporate officers and LLC members who work in the business are automatically covered and cannot opt out unless they meet specific criteria. Even sole proprietors in construction and certain other industries must carry coverage. The state conducts regular audits and imposes significant penalties for non-compliance, including stop-work orders.
Commercial Auto Insurance
Small businesses that own vehicles or require employees to drive for work need commercial auto insurance. Oregon requires all vehicles to carry at least $25,000 per person and $50,000 per accident for bodily injury, plus $20,000 for property damage. You'll also need personal injury protection coverage of at least $15,000, which covers medical expenses regardless of fault.
Unemployment Insurance
Oregon requires unemployment insurance for businesses that pay wages of $1,000 or more in any quarter or employ one or more workers for 18 weeks during a calendar year. You must register with the Oregon Employment Department and pay quarterly contributions. The state has a lower threshold than many others, making it easier to trigger coverage requirements.
Professional Liability Insurance
If you hold a professional license in Oregon for medical, legal, architectural or engineering work, you'll need professional liability insurance. Health care providers must carry malpractice coverage with minimum amounts that vary by specialty, while other professionals should check with their licensing boards for specific requirements.
Contractor Bonds and Insurance
If you hold a contractor license in Oregon, you'll need to carry liability insurance and post a surety bond. General contractors must carry at least $500,000 in liability coverage and post bonds ranging from $15,000 to $75,000 depending on their license classification. Specialty contractors have varying requirements based on their trade. This protects customers if you don't complete work as promised or follow licensing rules.
Paid Family and Medical Leave
Oregon requires paid family and medical leave insurance through payroll deductions from employees starting in 2023. This coverage provides partial wage replacement for workers who need time off for family or medical reasons. Employers must participate in the state program unless they provide equivalent private coverage that meets or exceeds state benefits.
What Coverage Do We Recommend?
Oregon keeps business insurance requirements minimal, but smart coverage choices protect your company's future. Here's our expert analysis of recommended coverage for the state's leading industries:
Manufacturing | General liability, product liability, workers' compensation, commercial property, business interruption, tech manufacturing coverage, wildfire coverage, earthquake coverage, environmental liability | Oregon manufacturers in semiconductors, wood products and food processing face wildfire evacuation requirements, earthquake damage and environmental compliance. Tech manufacturing requires clean room contamination coverage and precision equipment protection from seismic activity. |
Tech/IT | Professional liability (E&O), cyber liability, general liability, commercial property, intellectual property insurance, directors & officers (D&O), wildfire coverage, earthquake coverage, power outage protection | Oregon tech companies in Portland's Silicon Forest face cyber attacks, intellectual property disputes and wildfire power outages affecting data centers. Earthquake risks can damage servers and infrastructure, while environmental regulations create compliance liability. |
Tree Service | General liability, workers' compensation, commercial auto, equipment coverage, wildfire prevention coverage, power line coverage, forest management coverage, defensible space liability, emergency response | Oregon tree services face increased demand for wildfire prevention and post-fire cleanup work. Forest management and defensible space clearing create specialized liability, while emergency tree removal during wildfire season involves power lines and evacuation zones. |
Construction/Contractor | General liability, workers' compensation, commercial auto, builder's risk, professional liability, wildfire coverage, earthquake coverage, environmental compliance, green building certification | Oregon construction faces wildfire evacuation requirements, earthquake building codes and strict environmental regulations. Green building construction requires specialized coverage for LEED certification compliance and sustainable material performance warranties. |
Food | General liability, product liability, commercial property, equipment breakdown, business interruption, contamination coverage, organic certification coverage, wildfire supply chain, craft beverage coverage | Oregon food processors handle organic products, craft beverages and agricultural goods with contamination risks and wildfire supply chain disruptions. Organic certification requires specialized coverage for contamination events that could decertify products. |
How to Get the Best Cheap Business Insurance in Oregon
Getting the right business insurance in the Beaver State can strain your budget and time. Here's how to find solid coverage while keeping costs manageable:
- 1
Assess Your Actual Risks First
Evaluate real business risks rather than accepting blanket recommendations from insurance providers. A Portland food cart owner needs strong liability and equipment coverage, while a Salem-based web designer might focus on cyber liability and professional insurance.
- 2
Get Quotes from Multiple Insurers
Insurance companies calculate risk differently, leading to significant price variations for the same coverage. Contact at least three providers to compare rates, as Oregon businesses often save 15% to 30% through thorough comparison shopping.
- 3
Choose Providers Based on Service Quality
Investigate each insurer's financial strength ratings and claims processing reputation in Oregon. A Bend outdoor guide service needs an insurer familiar with adventure sports liability, while a Eugene restaurant requires quick response times for property damage claims.
- 4
Maximize Every Discount
Combine compatible policies and maintain a strong safety record to reduce premiums. An Oregon retail store could bundle property and liability coverage while implementing security measures to qualify for additional savings.
- 5
Review Coverage Annually
Business insurance needs evolve with company growth and market changes. A small Portland manufacturer that expanded operations found better rates by reviewing coverage as inventory levels and employee count increased.
Oregon Business Insurance: Bottom Line
Based on our analysis, NEXT, The Hartford and Simply Business are Oregon's best business insurance providers. However, what's ideal for you depends on your business risks and employee needs. Research each company's service quality, maximize discounts and select coverage that fits your budget.
Small Business Insurance in Oregon: FAQ
Small business owners in Oregon often search for clear answers about insurance coverage, so our research team compiled expert responses to common questions below.
What business insurance is required by law in Oregon?
Oregon requires workers' compensation if you have employees and commercial auto insurance with minimum limits of $25,000/$50,000/$20,000. Contractors need surety bonds, while general liability remains optional but commonly required by clients.
How much does business insurance cost in Oregon?
Business insurance in Oregon ranges from $68 to $137 monthly. Workers' compensation is the most economical at $68, while Business Owner's Policies run $137. Actual costs depend on your industry, business size and claims history.
Which company has the cheapest business insurance in Oregon?
The Hartford offers the lowest rates at $78 monthly in Oregon, with Thimble ($87) and Simply Business ($90) following behind. Compare multiple quotes as rates depend on your business's specific risks.
What business insurance do I need for my small business in Oregon?
Start with general liability coverage, which costs around $78 per month through The Hartford. Add workers' compensation for employees and commercial auto for company vehicles. Professional services need errors and omissions insurance, while retail stores should include property and inventory coverage.
What is the best business insurance company in Oregon?
NEXT leads Oregon's business insurance market with a MoneyGeek score of 4.62 out of 5.0. The Hartford and Simply Business round out the top choices.
Consider comparing multiple insurance providers to secure coverage that matches your business requirements.
Do small businesses in Oregon need workers' compensation insurance?
Yes, Oregon requires workers' compensation insurance for businesses with employees. The only exceptions are sole proprietors and some independent contractors who work alone.
What factors affect business insurance costs in Oregon?
Your industry type significantly impacts costs. Construction businesses pay higher premiums than consulting firms. Location affects rates, with coastal areas costing more. Employee count drives workers' compensation costs, while claims history and safety training influence rates.
How do I get cheap business insurance in Oregon?
Compare quotes from multiple insurers like NEXT and The Hartford, which offer competitive rates in Oregon. Bundle policies and implement safety programs to qualify for additional discounts.
What's the difference between general liability and errors and omissions (professional liability) insurance in Oregon?
General liability insurance protects against physical injuries and property damage at your business. Professional liability (E&O) covers financial losses from service mistakes, poor advice or missed deadlines.
Can I get business insurance quotes online in Oregon?
Yes, all major insurers provide online quotes for Oregon businesses. Complex operations like contracting may require agent assistance for specialized coverage needs like pollution liability.
How We Scored the Best Business Insurance Companies in Oregon
Small business owners in Oregon need reliable coverage that protects their operations without breaking their budgets. We designed our methodology to help Oregon entrepreneurs navigate challenges like wildfire risks and the state's workers' compensation laws.
We studied thousands of quotes from 79 industries across four coverage types for a two-employee firm with $300,000 annual revenue and $150,000 payroll. All policies included $1 million per occurrence and $2 million total per year, with BOPs adding $5,000 business property coverage.
- Affordability (50% of score): We compared rates across multiple carriers using consistent business profiles to identify insurers offering the best value for Oregon businesses.
- Customer experience (30% of score): Our analysis evaluated claims handling, customer support responsiveness and digital tools that make managing policies easier.
- Coverage options (15% of score): We assessed each insurer's range of coverage types, endorsements and industry-specific options for Oregon businesses.
- Financial strength (5% of score): We reviewed financial stability ratings from independent agencies to ensure recommended carriers can reliably pay claims.
This approach helps Oregon small business owners compare insurers on what matters most: affordable premiums, reliable service, adequate coverage and financial stability.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
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- Simply Business. "Simply Business Offers Insurance to Third-Party Sellers Through Amazon Insurance Accelerator." Accessed August 22, 2025.
- The Hartford. "Customer Claims Ratings and Reviews." Accessed August 22, 2025.
- Trustpilot. "NEXT." Accessed August 22, 2025.
- Trustpilot. "Simply Business US." Accessed August 22, 2025.
- Trustpilot. "The Hartford." Accessed August 22, 2025.