Oregon State Accident Insurance Fund (SAIF) Employer Bond (INDIVIDUAL)
Overview
Oregon's State Accident Insurance Fund requires certain employers to post a surety bond before they can operate under SAIF workers' compensation coverage. This bond — the Oregon SAIF Employer Bond (Individual) — guarantees that you, as an individual employer, will meet your financial obligations to SAIF. If you default on premiums or fail to satisfy your account, SAIF can make a claim against this bond. It exists to protect the fund, not to protect you.
Who Needs This Bond?
If you are an individual employer in Oregon who has been directed by SAIF to post a bond as a condition of maintaining or obtaining workers' compensation coverage through the State Accident Insurance Fund, this bond is what you need. SAIF typically requires this bond from employers who present elevated financial risk or who have had account issues in the past. You are applying as an individual — not a business entity — so this specific individual classification applies to your situation. Without posting this bond, SAIF can deny or cancel your coverage.
What is this Bond For?
This bond protects the Oregon State Accident Insurance Fund against financial loss caused by an individual employer's failure to pay premiums, assessments, or other amounts owed under their SAIF workers' compensation account. SAIF is the obligee — the party protected by this bond. You, the individual employer, are the principal who purchases and is bound by it. The bond does not protect you or your employees; it secures SAIF's ability to recover money you owe.
When is it Required?
Renewal or continuation of this bond is tied directly to SAIF's ongoing requirements for your account — if SAIF determines you still present a financial risk, the bond obligation continues. You will need to keep the bond active for as long as SAIF requires it as a condition of your coverage. Letting the bond lapse without SAIF's authorization can jeopardize your workers' compensation coverage and expose you to legal liability for operating without it in Oregon. Stay ahead of any expiration to avoid a coverage gap.
Where Does it Apply?
This is a statewide Oregon requirement administered by the State Accident Insurance Fund, Oregon's public workers' compensation insurer. It applies to individual employers anywhere in Oregon who are covered through SAIF. There is no local jurisdiction component — this is a direct requirement from a state agency.
How to Buy Online
Click 'Buy This Bond Online' on this page to open the secure surety portal in a new tab. Complete the application for the Oregon SAIF Employer Bond (Individual), and your bond documents can be issued quickly through the portal. Once issued, you will have the paperwork SAIF needs to satisfy their bonding requirement.
Why Bond Titan?
Bond Titan, powered by The Southern Agency, gives you direct online access to this bond without waiting on an agent callback or navigating confusing insurance offices. Our nationwide catalog is built for exactly this situation — you've been told you need a specific bond, and you need it now. Fast, straightforward, and backed by a licensed agency with real experience in surety.