Workers Compensation Surety Rider - Oregon: Fill out & sign online

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Click ‘Get Form’ to open the Workers Compensation Surety Rider - Oregon in the editor.
Begin by filling in the bond number at the top of the form, ensuring accuracy as this links to your surety bond.
Next, enter the names of the Principal and Surety in the designated fields. This identifies who is involved in the agreement.
Specify the effective date of the rider by filling in the day and year. This is crucial for legal validity.
In the section regarding changes, check either 'penal sum' or 'penal sum and Principal' based on your needs, then indicate the amounts accordingly.
Complete all signature fields at the bottom of each page, ensuring that all parties sign and print their names and titles for clarity.
Finally, review all entries for accuracy before saving or exporting your completed document for submission.

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How to obtain a surety bond in Oregon?

How to Get a Surety Bond Find the bond requirements in your state for your specific business or industry. Confirm the bond coverage amount needed. Contact a surety company thats licensed to sell bonds in your state. Provide the business details and financial information needed for your quote. Receive your bond quote.

How much does a surety bond cost in Oregon?

The cost of a surety bond is calculated as a small percentage of the total bond coverage amount typically 0.510%. This means a $10,000 bond policy may cost between $50 and $1,000. For applicants with strong credit, most bond rates are 0.54% of the bond amount.

How do I get a surety bond in Oregon?

Workers compensation bonds are a type of financial guarantee surety bond. It provides a form of guarantee that any workers compensation payments due employees will be paid.