Oregon Code § 701.073·Enacted ·Last updated March 01, 2026
Statute Text
Insurance required of licensed contractors.
(1) A contractor who possesses a license as required
under this chapter shall have in effect public liability, personal injury and
property damage insurance covering the work of the contractor that is subject
to this chapter, including the covering of liability for products and completed
operations according to the terms of the policy and subject to applicable
policy exclusions, for an amount not less than the applicable amount set forth
in ORS 701.081 or 701.084.
(2) The
contractor shall provide satisfactory evidence to the Construction Contractors
Board at the time of licensure and renewal that the insurance required by
subsection (1) of this section has been procured and is in effect. [Formerly
701.105]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 701.073
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Insurance required of licensed contractors. Read the full statute text above for details.
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