Oregon SAIF employer surety bonds.
From $125.
Under ORS 656.552, SAIF Corporation, Oregon’s state-chartered workers’ compensation insurer, can require an employer it insures to keep on deposit up to six months of estimated premium, or accept a surety bond, letter of credit, or similar instrument in its place. Premiums cost 2% of the bond amount plus a $25 fee, $125 minimum.
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How much does an Oregon SAIF employer surety 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.
SAIF notifies the employer of the required amount before this bond is needed. Enter that figure, consent to a soft pull, and file the bond with SAIF. Here is the whole thing:
Apply online
Your business details, the bond amount SAIF specified, the effective date, and a one-time consent to a soft credit pull — that is the application.
Approved
Most employer surety bonds clear quickly on the soft pull, which never affects your score. Pricing is 2% of the bond amount plus a $25 fee, with a $125 minimum. Larger amounts may get a brief review.
File with SAIF
Your executed bond and power of attorney arrive by email, ready to submit to SAIF Corporation in place of a cash deposit. Wet-ink originals mailed on request.
What it is and who needs it.
What the SAIF employer surety bond actually secures
SAIF Corporation is Oregon’s not-for-profit, state-chartered workers’ compensation insurer, created to make sure employers subject to the Workers’ Compensation Law (ORS chapter 656) can meet their payment obligations to the Industrial Accident Fund. Under ORS 656.552, if SAIF finds it necessary for the protection of that fund, it can require an employer it insures — other than a political subdivision of the state — to deposit and keep on deposit a sum equal to the premium due on the employer’s estimated payroll for up to six months.
The same statute lets SAIF accept a surety bond, letter of credit, or similar instrument instead of that cash deposit. This bond is that instrument: if the employer defaults on payments to SAIF, the surety pays SAIF up to the penal sum, subject to a right of refund if a later payroll audit shows the amount demanded exceeded what was actually due.
There is no single statutory dollar figure — SAIF sets the required amount for each employer based on estimated payroll and the premium likely to come due. Enter the amount SAIF specified in its notice to you; we price the bond from a $125 minimum after a soft credit pull that never affects 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 and power of attorney arrive by email, ready to submit to SAIF Corporation in place of a cash deposit. Wet-ink originals mailed on request.
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.
Enter the amount SAIF specified. The application includes a credit consent, but it authorizes a soft pull only — never a hard inquiry — and larger amounts may get a brief underwriter review.
Start the application →Common questions.
Other Oregon bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Satisfy SAIF’s security requirement without tying up cash.
Premiums from $125, soft pull only — never a hard inquiry. Enter the amount SAIF specified and file the same day.