SAIF employer bonds (Corp/LLC).
From $125.
When SAIF writes your workers' comp coverage, it can require a premium deposit — and under ORS 656.552, SAIF may accept a surety bond instead of tying up that cash. This is the version for a corporation or LLC. Pricing starts from $125, with a soft credit pull that never touches your score.
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How much does a SAIF employer bond cost?
2% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Enter your amount, consent to a soft pull, and file with SAIF. Here is the whole thing:
Apply online
Your corporation or LLC details, the bond amount SAIF set, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. The soft pull never affects your score. If it needs a second look, one to two business days at most.
File with SAIF
Your executed bond arrives by email, ready to file with SAIF in lieu of your premium deposit. Wet-ink originals mailed when SAIF insists.
What it is and who needs it.
What the SAIF employer bond actually covers
SAIF is Oregon's state-chartered workers' compensation insurer. When SAIF covers an employer, it may require a premium deposit — a sum roughly equal to the premium that would be outstanding if coverage were cancelled, often up to about six months of premium.
Under ORS 656.552(2), SAIF may, in its discretion, accept a surety bond, letter of credit, or similar instrument in place of that cash deposit. The bond lets a corporation or LLC keep its cash working instead of parking it with SAIF, while still guaranteeing the premium SAIF is owed.
If the employer fails to pay premium owed, SAIF can recover against the bond up to its penal sum — and if the surety pays, the employer repays the surety. This page is the corporation/LLC version; partnerships use a separate form. Pricing is 2% of your bond amount plus a $25 fee, with a $125 minimum, plus a soft credit pull that never touches your score.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with SAIF. Your executed bond arrives by email, ready to file with SAIF in lieu of your premium deposit. Wet-ink originals mailed when SAIF insists.
What sets the price
The premium is 2% of the bond amount plus a $25 fee, $125 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. This is the corporation/LLC form — partnerships use the separate SAIF partnership bond.
Start the application →Common questions.
Other Oregon bonds.
Price and requirements checked on the carrier’s application, . Page updated .
SAIF bond, issued today.
Pricing from $125. Enter the deposit amount SAIF set and file the same day.