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Purchasing Workers Comp Insurance in New Jersey

New Jersey Coverage Requirements

    All employers in New Jersey are required to provide workers comp coverage for employees. Out of state employers who hire employees in NJ and perform any work there are also required to have a policy.

    Sole-Proprietors, Partners and LLC Members are automatically excluded on a policy, but they can elect to be covered. A Notice of Election (Form 134 NJ) must be filed with the state and insurance company.

    All Corporate Officers are automatically included in coverage and are not permitted to exclude themselves from a policy.

    New Jersey law is broader than the IRS with regard to the definition of an employer-employee relationship. Employers can be held liable for coverage for non-typical employment situations.

2020 Payroll Limits & Owner Exclusion Requirments

    Sole-Proprietors, Partners and LLC Members included on a workers compensation policy must use a minimum payroll amount of $33,800 for work comp rating purposes.

    Corporate Officers must utilize a minimum payroll of $33,800 and a maximum of $134,680 for the purpose of rating workers comp premium.

Workers' Comp Insurance Varies by State- Know the Law

Every state has their own rules for how employees must be covered and how they must be classified for rating purposes. A lot of states use state specific class codes and have different requirements for who is obligated to carry workers' compensation insurance coverage.

If you have employees that travel out of state for work, or they work in multiple states throughout the year, you may need to purchase insurance for all the states where your workers are located and working. In most cases, you can add multiple states to one policy.

Workers' Compensation Insurance in New Jersey can be purchased from private insurance companies authorized by the state to provide coverage. The Assigned Risk Pool, or State fund coverage, is available for employers who are unable to find coverage from a private company. can help you navigate your best options.

Policy premium is based on numerous factors including: class codes assigned to your business and employees, estimated payroll, covered states, prior policies, owner experience and claims.

Enjoy the benefits of our Pay As You Go Workers' Comp Options in New Jersey.

$O Deposit or Minimum Down

We've developed Pay As You Go worker compensation programs that reduce or eliminate premium deposits and allow New Jersey employers to report and pay premium based on actual payroll wages. Reduce your audit risk.

Lower Monthly Payments

We've negotiated special terms with many of our insurance partners to offer more flexible payment options like 12 equal installments plans and monthly reporting programs to help improve cash flow for our business owners.

Fast and Accurate Quotes

At Workers Compensation, we know exactly which insurance companies have the lowest cost for every class code available. Our rate tracking system helps us quote your business with the right carriers every time.

Shop New Jersey Workers Compensation With Us

Exclusive Work Comp Programs

We're a national agency that specializes in workers comp insurance. We work with our insurance carriers to develop and administer target programs with easier underwriting and better rates. When you quote with us, you get our best prices on workers comp every time.

Need Help With New Jersey Class Codes?

Insurance rates vary significantly between workers comp classification codes. Let our NJ Workers Compensation Specialists help you determine your best workers compensation class codes before your buy a policy. We'll help make sure your business is properly covered.

Quick Workers Comp Quotes

We make the process of getting workers compensation quotes fast and easy. We know your time is valuable. That's why we work harder to streamline the quote process, compare your rates and coverages, and present your best options as quickly as possible. We often have your insurance quotes ready in less than 24 hours.

Compare Over 35 Insurance Carriers

We're a National Agency, and we have tons of carriers offering work comp in New Jersey. We have access to over 35 insurance companies with a broad appetite and competitive rates. Our markets know we expect the lowest rates, bigger discounts, and more policy credits when we request a quote.


Did you know that the cost of a workers comp policy in New Jersey can vary significantly between insurance company, underwriter, and insurance agency?
Find the best deal on workers compensation insurance.
Visit NCCI for more resources and information about workers' compensation class codes. Visit United States Department of Labor for more information about government agencies managing workers compensation insurance rates.

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