Question 1

What insurance does Oregon CCB require?

Accepted Answer

Oregon's Construction Contractors Board requires: general liability insurance (minimum $500,000 per occurrence, $1M aggregate for residential; higher for commercial), a surety bond ($20,000 for general contractors, $15,000 for specialty), and workers' compensation (if you have employees). These are minimums — most commercial projects require $1M/$2M GL. Operating without CCB-compliant insurance can result in license revocation and fines up to $5,000.

Question 2

Do Portland contractors need earthquake insurance?

Accepted Answer

While not legally required, earthquake coverage is strongly recommended for Portland-area construction. The city sits in the Cascadia Subduction Zone, which scientists say has a 37% chance of producing a major earthquake in the next 50 years. Builder's risk policies can include earthquake endorsements for 15-25% additional premium. Completed operations coverage should also address seismic damage to finished projects.

Question 3

How much does workers' comp cost for Oregon contractors?

Accepted Answer

Oregon workers' compensation rates for construction are moderate compared to neighboring Washington and California. General carpentry: $8–$14 per $100 of payroll. Roofing: $16–$26. Electrical: $5–$9. Plumbing: $4–$8. A 10-person framing crew with $500,000 annual payroll might pay $40,000–$70,000/year. Oregon's SAIF Corporation (state fund) provides a competitive alternative to private carriers.

Oregon Construction Insurance | RISKX