SAIF employer bonds (Partnership).
From $100. Enter your amount.

When SAIF writes your workers' comp coverage, it can require a premium deposit — and under ORS 656.552, SAIF may accept a surety bond instead of tying up that cash. This is the version for a partnership. Pricing starts from $100, with a soft credit pull that never touches your score.

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For a partnership insured by SAIF that must post a premium deposit

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Bond stands in for the cash deposit SAIF requires under ORS 656.552 — up to ~6 months of premium

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From $100 — priced at 2% of your bond amount, with a $100 minimum; a quick soft credit check may apply

From $1002% of the bond amount, $100 minimumSoft pullnever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

Enter your amount, consent to a soft pull, and file with SAIF. Here is the whole thing:

TODAY · ONLINE

Apply online

Your partnership details, the bond amount SAIF set, and the effective date. The only extra step is a one-time consent to a soft credit pull.

WITHIN 48 HOURS

Reviewed & approved

Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The soft pull never affects your score.

1–2 BUSINESS DAYS

File with SAIF

Your executed bond arrives by email, ready to file with SAIF in lieu of your premium deposit. Wet-ink originals mailed when SAIF insists.

About this bond

What it is and who needs it.

What the SAIF employer bond actually covers

SAIF is Oregon's state-chartered workers' compensation insurer. When SAIF covers an employer, it may require a premium deposit — a sum roughly equal to the premium that would be outstanding if coverage were cancelled, often up to about six months of premium.

Under ORS 656.552(2), SAIF may, in its discretion, accept a surety bond, letter of credit, or similar instrument in place of that cash deposit. The bond lets a partnership keep its cash working instead of parking it with SAIF, while still guaranteeing the premium SAIF is owed.

If the partnership fails to pay premium owed, SAIF can recover against the bond up to its penal sum — and if the surety pays, the partners repay the surety. This page is the partnership version; corporations and LLCs use a separate form. Pricing is 2% of your bond amount, with a $100 minimum, plus a soft credit pull that never touches your score.

ORS 656.552 (SAIF deposit / bond)Under ORS 656.552, SAIF may require an employer (other than a political subdivision) to deposit and keep on deposit a sum equal to premiums due on estimated payroll for up to six months, and may, in its discretion, accept an employer's surety bond, letter of credit, or similar instrument in lieu of that deposit. Confirm the required amount with SAIF.

You need this bond if you are

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A partnership insured by SAIF asked to post a premium deposit

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Choosing a bond over a cash deposit to keep your capital working

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On a payment plan with SAIF that conditions coverage on a deposit or bond

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Renewing your SAIF coverage where the deposit requirement carries forward

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. This is the partnership form — corporations and LLCs use the separate SAIF corporation/LLC bond.

Start the application →

FAQ

Common questions.

How much is the SAIF partnership employer bond?Premium pricing is 2% of your bond amount, with a $100 minimum. The bond amount is the premium deposit SAIF set — generally up to about six months of your premium. Enter that figure at the application to see your exact price.

Why post a bond instead of a deposit?A cash deposit parks your money with SAIF. A surety bond satisfies the same requirement under ORS 656.552 while your partnership keeps its capital working — you pay the bond premium instead of tying up the full deposit.

Is this the right SAIF bond for my business?This page is for a partnership. If you operate as a corporation or LLC, use the separate SAIF Employer Bond (Corporation or LLC) form — the obligation is the same, but the entity details differ.

Is there a credit check?Yes — one soft credit pull, which never affects your score. Your premium is priced at 2% of the bond amount, with a $100 minimum.

What does SAIF recover against the bond for?Unpaid workers’ comp premium the partnership owes SAIF, up to the bond’s penal sum. If the surety pays a claim, the partners repay the surety — the bond guarantees SAIF, it is not insurance for you.

Related bonds

Other Oregon bonds.

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Pricing from $100. Enter the deposit amount SAIF set and file the same day.

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