OR SAIF employer surety bonds.
2% of the bond amount plus a $25 fee.

SAIF Corporation — Oregon’s state-chartered workers’ compensation insurer — can require an employer it insures to deposit and keep on deposit a sum equal to up to six months of estimated premium, or accept a surety bond, letter of credit, or similar instrument in its place, under ORS 656.552. Premiums cost 2% of the bond amount plus a $25 fee, $125 minimum, after a soft credit pull that never affects your score.

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Authorized under ORS 656.552 as security in lieu of a cash premium deposit to SAIF Corporation

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Amount is set by SAIF, based on your estimated payroll and premium — not a fixed statutory figure

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From $125, soft pull only — your exact price appears at the application

From $1252% of the bond amount plus a $25 fee, $125 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in 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:

TODAY · ONLINE

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 entire application.

USUALLY MINUTES

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.

SAME DAY

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.

About this bond

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.

ORS 656.552Under ORS 656.552, if the State Accident Insurance Fund Corporation finds it necessary for the protection of the Industrial Accident Fund, it may require any employer insured with the corporation, except a political subdivision of the state, to deposit and keep on deposit with the corporation a sum equal to the premium due on the estimated payroll of the employer for a period not to exceed six months; the corporation may, in its discretion and in lieu of that deposit, accept a bond, letter of credit, or similar instrument to secure payment of premiums to become due. Confirm your required amount with SAIF Corporation.

You need this bond if you are

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An employer insured with SAIF that SAIF has asked to secure future premium payments

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Renewing coverage after SAIF adjusted your required deposit or security amount

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Switching from a cash deposit to a bond to free up working capital

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A new SAIF policyholder whose estimated payroll triggered a security requirement

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 →

FAQ

Common questions.

How much is the Oregon SAIF employer surety bond?Premiums cost 2% of the bond amount plus a $25 fee, with a $125 minimum. The amount itself is set by SAIF Corporation, based on your estimated payroll and the premium likely to come due — there is no single statutory figure. Enter the amount SAIF specified and your exact price appears at the application.

What amount should I enter?Use the amount stated in SAIF’s notice to you. Under ORS 656.552, SAIF can require a deposit up to six months’ estimated premium, or accept this bond instead — SAIF sets the actual figure for your business, not a fixed statute.

Where do I file it?File the executed bond and power of attorney directly with SAIF Corporation, in place of the cash deposit SAIF would otherwise require. Wet-ink originals are mailed on request if SAIF asks for them.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond. Larger amounts may get a brief underwriter review.

What does the bond guarantee?It guarantees that you make your required payments or contributions to the Industrial Accident Fund on time and in the amounts required by the Workers’ Compensation Law. If you default, SAIF can claim against the bond up to the penal sum, and you repay the surety — subject to a refund if a later payroll audit shows a smaller amount was actually due.

Related bonds

Other Oregon bonds.

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.

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Your premiumfrom $125

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