Self-insurance is the ability of an employer or group of employers to assume financial risk for providing workers’ compensation benefits to their employees.
In Oregon, an employer or group of employers that wants to be self-insured must apply with the Department of Consumer and Business Services and be certified by the director. To qualify for self-insurance, certain criteria must be met, including providing assurance that claims will be processed promptly and completely.
Claims may be processed in-house (self-administration) using at least one certified claims examiner or by contracting with one or more (within limits) approved service companies.
Self-insured employers may qualify for the same Workers’ Benefit Fund reimbursement programs as insurance carriers.