You have an ATV and you’re enjoying how powerful and fast it is. It is more thrilling than anything you’ve ridden before.

Being a winter sports enthusiast, you can’t wait to hit the slopes and battle the snow drifts on your snowmobile.

Summer comes and all you can think about is getting on the water with your jet skis. There’s nothing like the charge you get when you test your athletic skills on the rough waters.

While all these outdoor adventures give you an adrenaline rush and offer you a break from the mundane, these endeavors also pose a risk to you and others. With each of these powersports comes the possibility of accidents and injuries to you and others around you.

That is why it is worth considering acquiring powersports insurance.

No matter how confident you feel when you’re riding your ATV or other powersports vehicles, you could run into poor conditions on the road, or you could be jet skiing and hit someone, or experience loss control of your snowmobile. These are all realistic events that can happen when you’re maneuvering these powerful machines.
What is Powersports Insurance?

Powersports insurance will cover your motorcycles, ATVs, boat, personal watercrafts, recreational vehicles, and travel trailers.

Do you have homeowners insurance? You should know that homeowner or auto policies provide little, if any, coverage for these types of vehicles.

Why You Should Carry Powersports Insurance

In essence, powersports insurance is necessary to cover physical damage to your vehicle as well as liability bespoke toward your vehicle of choice. What’s more, you will also be insured against other uninsured parties.

ATV Liability Insurance is mandatory for any ATV driver who takes their vehicle on public streets or highways or rides it on public land. Personal liability coverage protects you in the event you unintentionally injure someone. It also covers you if you damage someone’s property.

atv powersports insurance graybeal group inc.

Types of Powersports Insurance

For the purpose of simplicity, let’s focus on powersports insurance as it pertains to ATVs. Insurance policies for other powersports vehicles are very similar.

ATV insurance may protect you and your ATV if you are involved in an accident. Your insurer could offer coverage for your ATV as part of an off-road vehicle insurance policy.

Here are some coverages that may be available in an insurance policy that covers ATVs:

Liability Coverage

In just 2014, approximately 93,700 ATV-related injuries were treated in U.S. emergency rooms, according to the Consumer Product Safety Commission. This is one powersports vehicle that has its share of accidents.

If you cause an accident that leads to someone being hurt or it causes damage to another person’s property, this coverage will assist you in paying for the other person’s medical expenses or the costs to repair damage to their property.

Liability coverage usually includes two types of protection:

Bodily Injury: This is liability coverage that takes effect if you cause an accident that harms another person. It usually assists in covering the individual’s medical bills.

Property Damage: This coverage becomes relevant when you are responsible for an accident that damages another person’s property. For example, it could be helpful in covering the cost to repair damage to a building or fence after a collision.

Collision Coverage

If your ATV is damaged after you struck another vehicle or another object, like a wall or fence, collision coverage will help cover the cost of repairing your ATV.

Collision insurance helps to pay to repair or replace your vehicle if it is damaged from the following scenarios:

  • A collision with another vehicle
  • A collision with an object, like a tree or a fence
  • A single-car accident that involves rolling or falling over

Comprehensive Coverage

This coverage kicks in if your ATV is damaged by something other than a collision, such as a fire or hail.

Comprehensive insurance also takes effect and helps to pay to replace or repair your vehicle if it is stolen. Sometimes called “other than collision,” comprehensive coverage normally covers damage from vandalism or falling objects, which can include hail and trees.

Comprehensive insurance will also cover damage to your car in the following events:  

  • Natural disasters, such as a hurricane or a tornado
  • Damage done to your car by animals
  • Theft
  • A civil disturbance like a riot that leads to damage or destruction of your car

Personal Watercraft Insurance (PWC)

PWC coverage encompasses the same types of coverages that are relevant to an ATV and a snowboard.

Most PWC policies are “all risk” policies. Another words, unless something is specifically excluded, it is covered.

The following scenarios are not covered by PWC:

  • Operating watercraft when it is dark
  • A PWC modified to enhance performance
  • Operation of powersport vehicle by anyone without a driver’s license – however, that could be modified with an endorsement

Snowmobile Insurance

Similar to ATVs, the main coverages for snowmobiles are liability, collision, comprehensive, and medical payments. Other protection includes trailer coverage, increased liability limits, and optional equipment, such as towable sleds and custom parts.

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing

Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland, and Forage, and Farm & Ranch.

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.

For more information, we invite you to call Graybeal Group, Inc. at (541) 567-5523.

Property and Casualty Insurance

When you have property and casualty insurance, your personal items such as home, cars, and even pets are covered from negative occurrences that could involve injury or damage. Having property and casualty insurance protects you if you are found legally responsible for an accident that leads to injuries to another person or damage to another person’s stuff. 

You can also think of it this way:  Property and casualty (P&C) insurers are companies that offer coverage on assets, and these could include a house or car, in addition to liability insurance for accidents, injuries, and damage to other people and their belongings. 

casualty insurance graybeal group

What is Property and Casualty Insurance?

There are various types of things that P&C insurers cover that encompass auto insurance, home insurance, marine insurance, and professional liability insurance. You, as a customer, pay P&C insurers an insurance premium for the coverage you choose to carry. 

Other types of P&C insurance are condo insurance, co-op insurance, HO4 insurance, liability insurance, pet insurance, etc. 

What P&C insurance coverage does not include are life insurance, health insurance, and fire insurance. 

Property Insurance 

In a general sense, property insurance refers to your personal belongings – everything that you own.  Depending on the type of insurance you acquire, property insurance can be defined in various ways. For instance, when it comes to a renters policy, your property is referred to as personal property. It applies to your personal belongings in the event of a covered loss. 

Business owners will typically view property insurance as a necessity to protect their property in the event of vandalism and theft.  In these instances, property insurance will also cover the business structure and its contents. 

Insurance can also apply to pets. Because your insurance reimburses you for the costs of your dog’s or cat’s care, it is considered property insurance. 

Personal property coverage – contents insurance – is included as a standard renters or homeowners insurance policy. This insurance policy makes it possible to recover the cost of your lost or damaged stuff for many different situations. 

Types of Coverage for Property and Casualty Insurers

Property and casualty insurers focus on risks that result in property losses and losses of possessions. 

Here are what the different types of insurance will cover:

Home Insurance – Covers losses to residences and property stemming from unusual weather, fire, theft, or other similar incidents. What’s more, this type of insurance applies to third parties from actions by the insured individual. 

Auto Insurance – This covers losses to individuals and properties in the event of car accidents and other unexpected auto events. 

Marine Insurance – This coverage applies to losses to shipping vehicles. 

Professional Liability Insurance – This insurance policy covers losses to professional clients as a result of negligence. 

Casualty Insurance

In essence, casualty insurance is insurance that covers the legal responsibility for losses emanating from damage to another person’s property or an injury to another individual. For homeowners or renters insurance, you can find this coverage type in your liability coverage amounts section of your policy. 

Small business owners tend to carry casualty insurance as it protects their company from liabilities in the event of an employee being injured on company property. 

How Property and Casualty Insurance Are Applied in Real-Life Situations

Property and casualty insurance companies provide insurance to customers for risks, up to a certain amount of coverage. Insurance customers pay an insurance premium to receive these insurance coverage services. 

When property and casualty insurance companies provide coverage to someone, they must set an insurance premium.  They determine the amount of the insurance premium based on the riskiness of the customer. In most cases, the insurer will evaluate the likelihood of the customer making a claim, and the potential amount of that claim, when an insurance company calculates the insurance premium amount. 

Learn more about P&C Insurance.

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing

Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp,
Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.

For more information, we invite you to call Graybeal Group, Inc. at (541) 567-5523

Crop Insurance 101

While it might not make for stimulating conversation at the table over a meal, crop insurance may be a more relevant and important topic than you might think. 

Consider this:  Look down at your plate that might include a burger, green beans, cucumbers, mashed potatoes, tomatoes. If crop coverage did not exist, you could be looking down at an empty plate. 

The same idea applies to the clothes you are wearing. If your shirt is made of cotton, you can attribute that to crop insurance. 

Crop insurance serves a vital role in our society. That is because crop insurance in Oregon and elsewhere ensures that the people who put those products on your table and on your body can do so year after year. As opposed to other livelihoods, crop and livestock producers are completely susceptible to the weather. They work no matter what type of weather is occurring. The weather also plays a strong role in the amount of production that crop producers realize.  As a result, the weather has a very real indirect effect on their income. 

Crop coverage limits the risk of adverse conditions for crop producers, in addition to the risk of bankers who invest in them. 

crop insurance graybeal group

What is Crop Insurance?

You can trace the origin of crop insurance in the U.S. way back to 1880. That was the year when private insurance companies began to sell policies to protect farmers against the impact of hailstorms. The so-called “Crop-Hail” policies are still in existence today. 1n 2017, farmers paid $956 million on Crop-Hail insurance to safeguard $36 billion worth of crops. 

Farmers in Oregon also have the option of buying Federal Crop Insurance, which is also referred to as multi-peril crop insurance. This is a risk management tool that protects against the loss of their crops as a result of natural disasters like freezes, floods, fire, insects, drought, disease and wildlife, or the loss of revenue due to a drop in price. This type of crop coverage is supported and regulated by the federal government and is sold and serviced by
private-sector crop insurance companies and agents. 

The private sector began providing multi-peril crop coverage in 1981, and participation has skyrocketed ever since. During the early 1980s, just 45 million acres and $6 billion worth of crops were insured. As of 2017, 1.1 million policies were sold that protected in excess of 130 different crops, covering 311 million acres, with an insured value of $106 billion. 

Now-a-days, crop insurance is considered the foundation of U.S. farm policy. 

How Crop Insurance Compares to Other Types of Insurance

As with all types of insurance, crop coverage is most effective when more people participate. This idea is known as the “risk pool.” The more people participate in crop insurance, the more risk is distributed. When you spread the potential loss among a varied group of people who are insured, insurance premiums tend to be more affordable for all participants.

The burden of paying insurance premiums is shared by people who carry many types of insurance, including crop insurance. However, crop insurance is somewhat distinct as agriculture is a unique type of industry that can sustain specific kinds of losses exclusive to agriculture. What sets agriculture apart is that losses that occur in this industry are normally geographically based and quite harsh. 

For example, it is very unlikely that all motorists in a particular area will experience serious accidents or that everyone in a specific county will require medical services simultaneously. When it comes to crop producers, however, one incident of extreme weather has the potential to result in a devastating loss for all farming entities in a county or region. This phenomenon makes it more problematic to insure. 

This is why government support is so needed for the agricultural sector. All agricultural workers, including crop producers – with the potential for a cataclysmic event that can cause widespread destruction – are at higher risk for insurance companies. This translates into crop insurance policies being extremely expensive to buy, and very limited if it were not for the federal government’s subsidies.

As a result, the U.S. has a crop insurance system that is established on a public-private partnership built on an arrangement between private insurance providers and the U.S. Department of Agriculture. 

This arrangement is outlined in a contract that is referred to as the Standard Reinsurance Agreement.  Companies that sell crop coverage have to sell a policy to any qualifying farmer at the premium rate established ahead of time by the federal government. What’s more, insurance companies are not permitted to decline protection, increase the premium rate, or impose special underwriting standards on any specific eligible farmer, no matter the risk. 

People & Entities Who Benefit from Crop Insurance

Farmers look to crop insurance to recover financially from severe events such as natural disasters and volatile market fluctuations. Crop insurance also pays the bankers, fertilizer suppliers, equipment providers and landlords, as well as being used to purchase their production inputs for the following season. It also gives crop producers the confidence to make long-term investments that are designed to increase their production efficiency. 

Other people and entities who also benefit from crop insurance include the following:

Rural Economy:  The rural economy is very reliant on farmers’ ability to be resilient subsequent to significant setbacks.  The Farm Credit Services of America commissioned a study that described this relationship after the devastating 2012 drought. Crop coverage was credited with salvaging more than 20,000 jobs, with an annual labor income of $721 million in Iowa, Nebraska, South Dakota, and Wyoming alone. 

Savings to U.S. Taxpayers:  Without crop coverage, the cost of natural disasters that impact farmers would be left to U.S. taxpayers to pay, which was the case prior the availability of crop insurance. An example of this is 42 emergency bills in agriculture costing taxpayers
$70 billion from 1989 to 2012.  This is according to the Congressional Research Service. Now, thanks to crop insurance, farmers bear some responsibility for the risk, in addition to private-sector crop insurance companies, and the federal government. 

Agriculture is Integral to the Health of the U.S. Economy:  We all look to agriculture for our food and clothing. In fact, agriculture alone makes up approximately 5 percent of this country’s economy and about 10 percent of U.S. employment.  This supports the argument for why it is in all of our interest to ensure the agricultural sector is financially stable and able to bounce back from natural disasters and be allowed to continue to produce. Crop producers are also contending with unfair competition from foreign countries that choose to subsidize heavily and violate international trade rules. Without crop insurance, crop producers would be out of business. 

Learn about insurance coverage options and how Graybeal Group Inc. can help you!

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing

Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.

For more information, we invite you to call Graybeal Group, Inc. at (541) 567-5523

WHAT’S COVERED, WHAT’S NOT ON MY BUSINESS AUTO POLICY

Liability has to do with bodily injury and property damage. Just think of an accident, where someone gets hurt and there is damage to the vehicle. Liability literally means: the state of being responsible for something, especially by law. So, we are referring to someone being named at fault for an accident/damage that results in someone getting hurt (bodily injury) or property damage (dented vehicle). 

Liability coverage ensures that the insurance company will pay money, up to the limit you are covered, that you must legally pay due to bodily injury (someone is hurt as a result of your/insured’s actions) or property damage (property damaged due to your/insured’s actions). These injuries- to body or property must come from using, maintaining, or by owning a covered (by liability insurance) vehicle. 

Also, if somehow pollution does bodily harm or damage to property as a result of maintaining, using, or owning a covered vehicle, the insurance company will cover that as well- the cost/expense necessary. 

commercial liability auto insurance

EXCLUSIONS FOR LIABILITY SECTION OF COMMERCIAL AUTO- WHAT’S NOT COVERED…

The following instances are not covered:

  1. Intended or Expected Injury: This includes property damage or bodily injury that is expected or intended (on purpose) 
  2. Contractual Liability- This is when liability is assumed under a contract/agreement
  3. Workers Compensation- If someone is covered by workers compensation insurance, disability benefits, unemployment compensation law, or any other similar law- it is not covered by the liability portion of this policy. Also, any bodily injury to an employee caused by another employee is not covered. 
  4. Property that is owned by, transported by or property in the care, custody, or control of the person insured. 
  5. If there is bodily injury or property damage that comes from handling of the property either- before it is moved from the place where it’s accepted by the insured person to move it into a covered auto, or onto the covered auto. Also, after it’s moved from the covered vehicle to the place where it’s finally delivered. 
  6. If bodily injury or property damage results from movement of property by mechanical device (other than hand truck) unless the device is attached to a covered auto. 
  7. Mobile equipment – If damage (bodily/property) comes from mobile equipment, it is not covered. 
  8. Injury (bodily/property) that happens after you’ve completed work or abandoned it.
  9. Pollution damage is excluded, except as you see above as provided in the policy.
  10. Injury (bodily/property) that is a result of war, or any act or condition incident to war. This includes war, civil war, rebellion, revolution, etc.
  11. If a covered auto is used in pro racing/organized racing/demolition contest/stunting, or practicing/preparing for an event of this type. 

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing in Oregon

Graybeal Group Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business.

For more information, we invite you to call Graybeal Group Inc. at (541) 567-5523.

Inland marine IS related to Ocean Marine Insurance, they both cover goods traveling from one place to another. The basic difference is Inland Marine Insurance covers goods traveling overland, and Ocean Marine, covers them traveling over water.  Over the years, the National Association of Insurance Commissioners has changed the definition to Marine Insurance with parts of it such as Inland Marine, Ocean Marine, and Transportation. 

There are six categories of risk identified in the definition of Marine Insurance: 

  1. Exports
  2. Imports
  3. Instrumentalities of Transportation and Communication
  4. Domestic Shipments
  5. Commercial Property Floater Risks
  6. Personal Property Floater Risks

inland marine insurance boat graybeal group

Imports and exports have to do with Ocean Marine; they are a category of Ocean Marine.  Both cover property anywhere, with no time restrictions, as long as it addresses and includes the hazards of transportation. It is also important to say that Ocean Marine insurance is not eligible to be included in a Commercial Package Policy.  Every Ocean Marine contract is written as a stand-a-lone specific to the issue at hand. 

Commercial Property Floater risks covers property pertaining to business, occupation, or profession.  Focusing on things like Equipment forms, business floaters, dealers policies, and bailee’s customer forms. 

Personal Property Floater risks are things such as personal articles, personal property, and personal effects that fall under Personal Inland Marine insurance.

Domestic Shipments provides a variety of transportation forms covering property while in the custody of others and while in transit.  The goods may be shipped by a common carrier, such as a trucking company, railroad, airline, or by the company’s own trucks, or by mail or parcel post. 

Instrumentalities or means of Transportation and Communication- includes forms that cover property related to transportation; not necessarily mobile in and of itself, but dealing with transportation of something, for example: 

  • Pipelines, tunnels, and bridges
  • Wharves, docks, and piers
  • Telephone and telegraph lines, radio and tv communication equipment, power transmission
  • Outdoor cranes, loading bridges, and any similar equipment used to load, unload, and transport.

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing in Oregon

Graybeal Group Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business.

For more information, we invite you to call Graybeal Group Inc. at (541) 567-5523.

The Cost of Crop Insurance

“Crop insurance premiums are going to be substantially higher this year,” said Jim Mintert, a Purdue University Agricultural Economist.  “There’s really two big factors driving those premiums up.  One is the dollars of revenue that you’re covering, and as the dollars of coverage goes up, those premiums go up. The second factor is volatility. Prices this year in February were more volatile than they were in February a year ago, so those two factors are driving premiums up.” 

That is why Mintert, and fellow Purdue University Agricultural Economist Michael Langemeier, urged farmers to think carefully about their crop insurance decisions.  Langemeier said farmers should be prepared for some “sticker shock” when they make their crop insurance selections this year. 

However, there is good news regarding crop prices and government payments in 2020, as they were quite strong. Grain farm also tallied robust incomes. It was the first time in many years that net returns to land met or exceeded cash rental rates. This is likely to happen again in 2021, Langemeier said in a recent webinar. 

cost of crop insurance graybeal group

Crop Insurance Projected Prices 

These crop insurance projected prices were calculated in February of 2021:

Corn – $4.58

Soybeans – $11.87

 These Projected Prices are higher than the past few years.

Corn

2021 – $4.58

2020 – $3.88

2019 – $4.00

2018 – $3.96 


Soybeans

2021 – $11.87

2020 – $9.17

2019 – $9.54

2018 – $10.16


Higher Projected Prices means more revenue coverage in 2021.

For a 200 bushel APH corn farmer, 85% Revenue Protection means $119 more coverage per acre in 2021 compared to 2020.

For a 55 bushel APH soybean farmer, 85% Revenue Protection means $127 more coverage per acre in 2021 compared to 2020.

Click here for a quick and easy cost estimator!

General Advice for Farmers:

Langemeier and Mintert offered the following advice to farmers – 

Revenue Projection:  Put much of your focus on revenue projection. While there are several types of yield protection products, revenue projection protects against a reduction in prices as well as yields. In the past few years, farmers have been inclined to buy higher levels of coverage, although it differs regionally. 

“Even though premiums are higher this year, we do not recommend that you reduce coverage this year to try and save on premium,” Langemeier said. “I think there’s enough downside risks this year, and you will want that protection that you get with the coverage level you’ve been using in the past.”

Harvest Prices:  Harvest prices matter.  Several years ago, the Risk Management Agency modified the rules regarding harvest prices. Rather than having to opt-in to have harvest prices considered in coverage, farmers now have to opt-out. Basically, revenue calculations will be issued based on whichever is higher – the average price during February or the average price during October. 

Langemeirer suggests buying revenue protection with the harvest price exclusion is not worth the lower premium.  “The projected price versus the harvest price is extremely powerful. If the harvest price increases, you get a higher revenue guarantee as you’re protecting those more expensive bushels,” he said.  When harvest prices are higher, it tends to be by a sizeable margin. 

Consider what type of unit you purchase carefully:  Enterprise units, which combine all basic units of one crop in one county together, are typically the most affordable because they are subsidized at approximately 80 percent. Optional or basic units will be more expensive, however they are more likely to pay overtime. They could be a good option for farms located within a county that has considerable variation in yield potential. 

Supplemental Products:  Supplemental products are not for everyone. However, they can be useful. Farmers have two choices, the Supplemental Coverage Option (SCO) and the Enhanced Coverage Option (ECO). ECO is new this year, and delivers an extremely high level of coverage, from your choice of 95 percent or 90 percent to as low as 86 percent. 

Both coverage products pay out based on county-level guarantees, which poses challenges when it comes to having a clear understanding of the type of coverage you have. Mintert and Langemeier are opposed to lowering your revenue protection if you are thinking about buying these products.

“It’s certainly not a no-brainer on whether it’s worth it,” said Mintert.  “This is something for individual farms to look carefully at to determine if the additional revenue guarantee is worth the additional premium.” 

Farms that have yield histories that closely monitor their county averages may very well have an easier time assessing ECO. What’s more, Langemeier said that farms that have tight working capital and cannot afford a small loss should consider ECO. 

To learn more about how Graybeal Group Inc. can assist with your crop insurance needs, click here!

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing

Graybeal Group, Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, The Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland, and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business. At Graybeal Group, Inc., we are committed to providing an experience that empowers our clients so they are educated on their coverage and the value we provide above all others.

For more information, we invite you to call Graybeal Group, Inc. at (541) 567-5523

WORKER’S COMPENSATION- WHAT IS IT? WHY WAS IT CREATED?

Worker’s Compensation Insurance was developed to make sure workers are protected on the job, from illness or injury- as long as the illness/injury was caused due to work-related activities while at work. Because these laws were developed, an employee cannot sue their employer that has Worker’s Compensation Insurance. Why? Because the insurance will pay out according to a schedule mandated by the law.

DOES OREGON REQUIRE ME TO HAVE WORKERS COMP INSURANCE?

Oregon law states that employers are required to carry Worker’s Compensation Insurance.  The employer does have the choice to purchase this insurance through a private commercial insurance company, they do not have to purchase through the state, or they may self-insure for Worker’s Compensation. Self-insured means the company must show they have the financial ability to make prompt payment of all compensation and any other payments as well. They also must have staff on hand to process the claims within a timely manner. Most companies purchase Worker’s Compensation Insurance through a Commercial Carrier, rather than self-insure.

injury worker oregon workers compensation

WHAT ARE THE BENEFITS OF DISABILITY INCOME IN OREGON?

The Average Weekly Wage is the maximum benefit you can receive from Worker’s Compensation in Oregon. The weekly benefit payable is 66 2/3% of your earnings, subject to the max benefit (Average Weekly Wage). The state figures this number out by taking the average weekly wage of workers in covered employment during the last calendar quarter of the prior fiscal year. Also, the Oregon waiting period to begin receiving pay, is three days.

THE SURVIVOR/DEATH BENEFITS FOR AN EMPLOYEE’S SPOUSE/CHILDREN IN OREGON:

  • Dependent child’s benefit (if no surviving spouse): Each child receives a monthly benefit equal to 4.35 times 25% of the average weekly wage until they’re 18 unless for some reason their entitlement goes past the age of 18. If the child is in high school full time, they are entitled to these benefits until they are 19.
  • Dependent child (college-higher education): If the child is attending higher education or begins within 6 months of graduation from high school, benefits will be continued until the child is 23. The benefits will cease at the earliest of: child stops attending or they graduate. They also must be enrolled part-time at school (half) to be eligible for these benefits.
  • The maximum family benefit payable for a surviving family can not exceed 4.35 times 133 1/3% of the average weekly wage. If the sum of the benefits is above the maximum, each child’s share is reduced proportionately.
  • If the surviving spouse remarries, they will be paid a lump sum payment equal to 36 times the monthly benefit which will then be considered settlement of the account. However, this does not affect children’s benefits- they will continue.
  • Monthly benefits are paid 4.35 times 66 2/3% of the average weekly wage until remarriage. The surviving spouse also receives a benefit equal to 4.35 times 10% of the average weekly wage for each dependent child, until the child is 18.
  • The cost of burial, transportation of the body cannot exceed 10x the average weekly wage.

For more on the benefits of a worker’s compensation insurance policy, click here!

Graybeal Group, Inc. Offers The Widest Range of Products and Pricing in Oregon

Graybeal Group Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business.

For more information, we invite you to call Graybeal Group Inc. at (541) 567-5523.

Auto insurance and car accidents go hand-in-hand; but what if you are injured in a car accident? What happens then? Oregon law requires that drivers carry personal injury protection (PIP) for a private passenger vehicle. The following are who is covered under Personal Injury Protection: 

  1. The insured
  2. Passengers in the insured’s vehicle
  3. The insured when occupying another vehicle
  4. The insured while walking (pedestrian)
  5. Any pedestrian struck by an insured vehicle

Anyone occupying the insured’s vehicle are covered at the time of an accident, up to the Personal Injury Limits of insurance, regardless of fault

auto insurance medical expense coverage oregon

WHAT ARE THE BENEFITS THAT ARE COVERED UNDER MEDICAL FOR OREGON AUTO INSURANCE? 

The following are the benefits paid out by a Personal Injury Protection portion of your auto insurance policy: 

  1. Loss of Income: Income benefit is payable up to 52 weeks. There is a 14 day waiting period before this benefit kicks in. 70% of your income, up to $3K per month is allotted for this benefit. 
  2. Burial Allowance; Necessary and reasonable funeral expenses incurred within a year after the accident. The limit for this benefit is $5K. 
  3. Child Care: If you are injured and in the hospital for more than 24 hours, the insurance company will pay $25 per day towards childcare, with a maximum limit of $750.
  4. Loss of  Essential Services: Up to $30 per day (after a 14 day wait period).  Will pay up to 52 weeks for coverage of expenses for essential services the insured normally had. 
  5. Medical Payments: Necessary and reasonable medical, dental, hospital, surgical, ambulance, and prosthetic services incurred within one year of the accident. The minimum is $15K per individual that’s covered. 

WHAT’S NOT COVERED UNDER MEDICAL PAYMENTS IN OREGON?

The following are not covered under medical payments for any bodily injury- these things are excluded from coverage: 

  1. While in any motor vehicle that’s not classified as a private passenger auto or any vehicles with less than two wheels. 
  2. While occupying a vehicle that is being used as a residence (motorhome that’s stationary)
  3. If the insured auto is being used as a public or livery (Any distinctive identifying uniform worn by a group, such as the uniform worn by chauffeurs) conveyance, except in the case of shared carpool.
  4. If used during employment and there is Workers Comp insurance that will cover the injury. 
  5. If you’re in an accident involving one of your vehicles that you do NOT have insurance coverage for. 
  6. Doesn’t apply to the named insured; sustained while occupying or when struck by an uninsured auto that is owned by a family member or furnished for his/her use. 
  7. Other than a family member using the insured’s covered auto, sustained while occupying a vehicle w/o belief/knowledge that the insured is entitled to do so.
  8. If war is the cause- Insurrection, civil war, revolution, etc. 
  9. From a nuclear reaction, radiation, or radioactive contamination
  10. Competing in, practicing, or preparing for any prearranged or organized racing or speed contest.

If the limit of liability shown is $15K, that means the insurance company will pay that amount for EACH individual in any one accident occurrence.

Graybeal Group, Inc. Offers A Wide Range of Products and Pricing

Graybeal Group Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business.

For more information, we invite you to call Graybeal Group Inc. at (541) 567-5523.

When a company’s worker’s compensation costs start to rise, this is indicative of workplace caused injury or illness. That’s when Execs start looking at ways to reduce costs and spending for their insurance policies. One way to do this is to have a sound safety program in place, that meets the criteria and is compliant with OSHA (Occupational Safety and Health Administration).

How do I build a safety program compliant with OSHA?

  1. Research OSHA standards to determine what types of things you will need to incorporate into your safety program to make sure it complies with OSHA standards
  2. Start implementing the program into daily work life for your staff
  3. Schedule and provide regular safety trainings throughout the year to maintain a constant awareness of the possible threats so they can more easily be avoided
  4. Make sure you have scheduled audits set up for your program and your work areas to ensure compliance is not broken and to push for continuous improvement.

worker's compensation for injury oregon

WHO CAN HELP ME DEVELOP A SAFETY PROGRAM FOR MY COMPANY?

If you would like help with this, this is a service we do provide for our clients. Contact us today! Our producers are highly trained in Worker’s Compensation insurance and provide our clients with Safety Manuals, Quarterly Safety Reviews, Setting up a Training Schedule and often providing the Live Training for your Company. Also, we will set up scheduled times to go over your Loss Run Reports and your X-Mod to see how and where we can reduce costs for you (Safety trainings being one way) .

Many of the OSHA standards require some type of written program be developed and then communicated to employees. Experience shows that companies with thoroughly developed OSHA-compliant programs have fewer accidents, more productive employees and lower worker’s compensation costs

HOW DO I INTEGRATE SAFETY PROGRAMS INTO MY COMPANY’S DAILY OPERATIONS?

Policies alone won’t get results; the program must move from paper to practice in order to succeed. Putting a policy into practice requires a strategic plan clearly communicated to key participants, good execution of that plan based on developed competencies and a culture that inspires and rewards people to do their best.

Make sure the managers and supervisors are on board- esp. the supervisor/mgr that will be working alongside the team at the worksite. When implementing new practices, it is imperative that the “bosses” are seen complying and practicing what has been communicated as the way you now do things. Accountability begins at the top. If your managers and supervisors are not practicing what you are trying to preach, buy-in from other workers/staff is going to be extremely difficult.

There are many other parts and pieces to developing and implementing a successful Safety Program. Please give us a call for a free review and let us show you what we can do for you, to help you prevent accidents and Worker’s Compensation claims from rising.

For examples of workers compensation scenarios, click here to visit OHSA’s website!

Graybeal Group, Inc. Offers A Wide Range of Products and Pricing

Graybeal Group Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business.

For more information, we invite you to call Graybeal Group Inc. at (541) 567-5523.

With unemployment hovering near historic lows, competition for new hires is heating up. The pool of available talent seems to be shrinking. That inevitably puts pressure on the nonprofit sector, when it struggles to compete against for-profits on paychecks.

That pressure is almost certainly being felt among non-profits in Washington and Oregon which, between them, account for more than 400,000 not-for-profit employees.

nonprofit oregon

So, what can a nonprofit organization do to raise its game in this tight job market?

PLAY TO YOUR STRENGTHS

The most obvious approach is to play to your strengths. You may not be able to compete on pure salary levels but there could be opportunities to create an overall attractive package by including other items or demonstrating flexibility in your employment policy.

For example, If you can’t compete on pay, can you compete on perks? “There are benefits that have great value to a candidate,” says Tom Friel, former

CEO and chairman of the nonprofit Bridgespan Group.

For example, occasional working from home, daycare, additional vacation time, or even offering a candidate the freedom to earn additional income beyond their job.

Another potential competitive edge could be the reputation and culture of your organization. It’s worth investing the time and effort to raising the profile of your organization in a positive way.

Look for example at the current list of organizations that feature in the list of “100 Best Nonprofit Workplaces” published by Oregon Business

Magazine, or the nonprofits section of the “100 Best Companies to Work Forproduced by Seattle Business magazine.

You might even think about contacting key people in some of these organizations to learn more about what they do to enhance their images.

BE PREPARED

Another key aspect of a successful recruitment policy is having a clear recruitment strategy, both for the organization as a whole and for individual campaigns.

Unfortunately, this is an area where some not-for-profit organizations have fallen seriously short. Take a medium to long view on the job implications of your nonprofit organizational strategy to identify gaps in current skills sets and begin the process of building a talent pipeline.

Tom Friel notes: “A lot of organizations hire for a perceived need without doing it against the background of understanding what the strengths and weaknesses of the organization and the staff are, particularly against that need.”

In other words, make sure you’re hiring the employees you need. The smaller your organization, the less you can afford to get things wrong.

You need a documented, structured hiring process that includes details of where you will look, your budget, advertising targets, your timetable and the creation of job descriptions. This can then be applied to each recruitment campaign.

Also, ensure your interviewers are properly trained both to interview effectively and to “sell” your nonprofit organization. Online feedback suggests this is a particular weakness in the not-for-profit sector with interviewers lacking clarity, duplicating questions or focusing too much on selling the organization and simply not asking enough questions.

LOOK WITHIN

Are you adequately tracking and training your home-grown talent for potential promotions? Also, can you talk to them about their own contacts, asking whether they know of individuals who might make suitable hires?

Position your current staff in a way that will unlock their potential. Determine whether your team members are performing below, at, or above their current responsibilities,” says Elizabeth Chung from leading online fundraising platform Classy.

“Then consider whether they can succeed in an advanced role. You should also ask your staff about their own aspirations. Continue to develop their skillsets.”

And what about your volunteers — might any of them be looking for a paid role or do they know someone who is?

MORE WINNING TACTICS

Other things you can do to enhance your chances of employing the right people include:

  • Review past recruitment successes. Which ad media and job sites were used and which attracted the best candidate?
  • Separate the “must-haves” from the “nice-to-haves” in terms of
    job requirement qualifications. For a particular job, draw up a list of the absolute essentials. Do candidates really need those professional qualifications? Exactly what depth of experience is essential?
  • Don’t be tempted to roll several responsibilities into a single job. This is common among non-profits but generally not appealing to job candidates. Even if they initially accept this, they’ll quickly feel overworked and lacking in focus. They won’t hang around.
  • Seek feedback from candidates on their interview experience and their observation about your organization and the people they met. Encourage frankness. This will stand you in good stead for future campaigns.
  • Look beyond your sector, even beyond the not-for-profit world, especially if you’re looking for specific business skills rather than experience in your particular area.

Look at the staff bios on most nonprofits, and you’ll see that corporate pedigrees are rare,” says consultant Curtis Chang in the Stanford Social Innovation Review. “But while nonprofits don’t have the pay to drive recruiting, they usually offer a better cause and more flexible lifestyle — both significant (and under-leveraged) assets in attracting talent. But the bigger point is that nonprofits just aren’t trying. They’re not looking beyond their own industry, and so their talent pool is always going to be thin.”

  • Keep track of good candidates who don’t make the final cut or who don’t have the requisite skills for a particular opening. Thank them for attending and ask if you can stay in touch in case suitable openings occur in the future. They may be invaluable later and could form part of your talent pool.

Finally, no matter how desperate you feel to fill an opening, don’t rush into a hire. Maybe outsource for the short-term or reward current employees for taking on additional temporary responsibilities. Be sure to do your due diligence in terms of checking credentials and taking up references.

And in your desperation, don’t fall into the trap that a promising but unqualified candidate can be molded into the role. “This aspirational thinking is … the recipe for making bad hires,” says consultant Curtis Chang.

“In my experience, the post-mortem on some bad hires often involves the phrase, ‘She can grow into this role from the hiring process.”

RETENTION IS JUST AS IMPORTANT AS RECRUITMENT

Of course, it’s not all about recruitment. A sound HR strategy includes employee retention. Is it time to ask yourself whether your nonprofit organization is doing enough to keep its high performers?

FOR EXAMPLE:

  • How is your work environment? Is it open and friendly, encouraging feedback and ideas? Is it clean and comfortable? What can you do to improve the culture?
  • Do you give credit for good performance and new ideas? Organization-wide acknowledgment is every bit as important as a raise or promotion.
  • How accessible are you and your leaders? If you’re regarded as sitting in an ivory tower, don’t be surprised if some of your people, including the senior team, are plotting an escape.
  • What are you doing to support and train your most promising employees?
  • Is work-from-home on your agenda? It’s high on the list of most employees wants. Could you action this, even on a limited basis?

Recruitment and retention are likely to become even more demanding in the future. Taking the time now to establish a long-term strategy for your organization could ultimately be the key to its success.

Graybeal Group, Inc. Offers A Wide Range of Products and Pricing

Graybeal Group Inc. is a professional Insurance company with licensed agents and staff.  With over three decades of experience, Graybeal Group takes pride that our agents are specialized in the needs of our customers in the areas of Crop/Agriculture, Hemp, Non-Profits, Pasture Rangeland and Forage, and Farm & Ranch. 

Being able to provide the time for our agents to focus on their specialty allows us to give you – our clients – the needed coverage for your home and business.

For more information, we invite you to call Graybeal Group Inc. at (541) 567-5523.