Business Insurance in Portland, OR

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Which insurance policies are recommended for Portland businesses?

From the tech startups of "Silicon Forest" and beyond, Portland fosters a wide range of innovative small businesses. Protect your Portland business with these insurance products.

General liability insurance icon

General liability insurance

A general liability policy pays for legal costs from customer accidents, along with defamation and copyright infringement claims. Commercial leases in Portland often require this coverage.

  • Customer accidents at your business
  • Damage to a customer's property
  • Slander and other advertising injuries
Professional liability insurance icon

Professional liability insurance

A professional liability policy covers legal costs related to claims of negligence, such as advice that caused a client to lose money. It's sometimes called errors and omissions insurance (E&O).

  • Mistakes that cause financial loss
  • Accusations of professional negligence
  • Missed deadlines
Cyber insurance icon

Cyber liability insurance

Cyber insurance helps small businesses in Portland recover after a data breach or a cyberattack. Every business that handles customer information should have this coverage.

  • Data breach notification costs
  • Fraud monitoring services
  • PR campaigns after a breach
Business owner’s policy icon

Business owner’s policy

A business owner's policy, or BOP, is an affordable way to buy general liability and commercial property insurance together. It's recommended for all small, low-risk businesses in Portland.

  • Customer slip-and-fall injuries
  • Damaged business property
  • Theft and vandalism
Workers’ compensation insurance icon

Workers’ compensation insurance

Workers' comp is required for all Oregon businesses that have employees. It also covers work-related injuries for sole proprietors, which health insurance may deny.

  • Medical bills from job-related injuries
  • Disability benefits
  • Lawsuits from injured workers
Commercial auto insurance icon

Commercial auto insurance

All vehicles owned by Portland businesses must be covered by commercial auto insurance. This policy primarily covers injuries and property damage caused by your vehicle.

  • Injuries from an auto accident
  • Damage caused by your vehicle
  • Lawsuits from an auto accident
Errors and omissions insurance icon

Errors and omissions insurance

E&O insurance protects consultants and professional services against legal defense costs from dissatisfied clients. It's also called professional liability insurance.

  • Errors and oversights
  • Breach of contract
  • Professional negligence
Commercial property insurance icon

Commercial property insurance

This policy covers physical damage to a Portland business's building and its contents, including any computers and equipment. You can bundle it with general liability in a BOP.

  • Burglaries
  • Fires
  • Storm damage
Umbrella / excess liability insurance icon

Commercial umbrella insurance

An umbrella policy provides coverage once the limit is reached on your underlying general liability insurance, commercial auto insurance, or employer's liability insurance.

  • Customer lawsuits
  • Auto accident lawsuits
  • Employee injury lawsuits
Looking for different coverage? See more policies.

How to get insurance for your Portland business

View video transcript.

We're on top of your small and medium-sized business insurance needs. We'll help you find policies that protect what you've worked so hard to build. Start here.

Tell us about yourself. Questions? We've got your back. The info you share is secure. We'll double-check it and a pro with experience in your field will be in touch.

Fast? You can compare quotes from leading insurance providers in seconds and get a certificate of insurance the same day.

Always online, always on your side. Helping protect your business.

Are you ready to get insurance coverage for your Portland business? Complete Insureon's easy online application to get quotes today from top-rated providers.

Which business insurance policies are required in Portland, OR?

State and local laws can determine the type of insurance you need. These policies help you comply with Oregon state business insurance requirements, as well as protect your business operations.

Purple check mark

Workers' compensation insurance

Oregon state law requires all businesses with employees, including part-time employees, to carry workers’ compensation insurance. A workers' compensation policy pays for medical expenses from job-related injuries and illnesses. It also provides disability benefits for injured Oregon workers.

Most policies include employer's liability insurance, which protects against legal costs from workplace injuries.

Purple check mark

Commercial auto insurance

Every vehicle owned by a Portland business must be covered by commercial auto insurance. This policy pays for medical costs, legal fees, and property damage after an auto accident.

Portland businesses must meet Oregon's requirements for auto liability coverage, which are:

  • Bodily injury liability: $25,000 per person / $50,000 per accident
  • Property damage liability: $20,000 per accident
  • Uninsured motorist coverage: $25,000 per person / $50,000 per accident
  • Personal injury protection (PIP): $15,000

Keep in mind that this is the minimum you're required to carry. It's worth considering higher limits, given the potential cost of a lawsuit. Trucking companies also may need more coverage to comply with regulations.

If you drive your own car for work purposes, it's important to know that your personal auto policy won't provide coverage. You can look to hired and non-owned auto insurance (HNOA) instead, which covers personal, leased, and rented vehicles used by your business.

How much does business insurance in Portland cost?

A small business owner calculating their small business insurance payments

Small businesses in Portland don't have to pay a lot for commercial insurance. Here are a few average costs for Oregon businesses:

General liability: $37 per month
Workers' comp: $47 per month
Professional liability/E&O: $54 per month

Business insurance costs depend on factors such as:

  • Your industry risks
  • Business revenue
  • Number of employees
  • Types of business insurance purchased
  • Policy limits and deductibles
  • Claims history

FAQs about Portland business insurance

Review answers to frequently asked questions about Portland insurance.

How do I get a certificate of insurance for my business?

Sometimes you need to get insured quickly to sign a contract or other agreement. With Insureon, you can get same-day insurance in three easy steps:

  1. Fill out our easy online application to get quotes from top-rated insurance carriers.
  2. Choose an insurance policy and pay for it online.
  3. Download a certificate of insurance by logging into your account.

Our licensed insurance agents will help you get the right types of coverage for your small Portland business that match your risks and insurance needs. Most businesses can get their certificate of insurance within a few hours of applying for quotes.

Can my business be held liable for a data security breach?

Your business could be held responsible for a data breach, which is why cyber insurance is so important. Small businesses are a common target of cyberattacks, since they often have fewer security measures in place.

Oregon's data breach laws require Portland businesses to notify any residents whose personal information is exposed in a data breach. Your business could also end up paying for a data breach investigation, a PR campaign, and other costs related to a security breach or cyberattack.

Cyber insurance covers these costs and provides resources so you can get back to business fast.

Does my industry affect Portland insurance requirements?

Unlike the state of Oregon, the city of Portland requires all businesses to be licensed. Both the state and the city may require business insurance and bonds depending on the type of work you do.

Here are a few examples of the obligations for different businesses:

When running a business in Portland, you need to be aware of laws and regulations for Oregon, the city of Portland, and Multnomah County.

How can I get help starting a small business in Portland, OR?

The city of Portland has seen recent growth [PDF] in small businesses, fueled by microbusinesses of one to five employees. To help you get started, here's a list of local organizations that provide guidance and resources:

Keep in mind that many lenders will require you to first obtain several types of business insurance, which is yet another reason to insure your investment.

How can I save money on Oregon business insurance coverage?

Small business owners in Portland can save money by comparing quotes from different insurance companies. With Insureon, you can get free business insurance quotes from top-rated providers by completing our easy online application.

There are a few other ways to save, such as:

  • Bundle policies for a discount. The most popular option is a business owner's policy.
  • Choose less expensive policy options, such as lower limits or a higher deductible.
  • Focus on workplace safety. Risk management helps reduce accidents, and a clean history of claims keeps your premium low.

Learn more about how to find cheap business insurance.

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