New Jersey workers' compensation rates expected to be flat in 2023.

New Jersey workers' compensation average rates currently rank as the highest in the country, according to a 2022 study. The state was up four spots compared to a similar study conducted in 2018. NJ rates are approximately 92% higher than the median rates in the country. NJ rates are shaping up to remain level in 2023.

The NJ Department of Labor and Workforce Development indicates that more than 35,000 new workers' compensation claims were filed during 2021. A high number of claims coupled with higher medical costs and average employee wages may become a driving force behind higher workers' comp rates for New Jersey employers.

New Jersey is not a true competitive rating state. All base manual rates are determined and mandated by the NJ Division of Workers' Compensation. These rates are revised each calendar year.

Workers' compensation rates vary in New Jersey because insurance companies can apply policy credits and debits up to 15% to adjust their rates and premium. Don't get stuck paying too much for your workers' comp insurance. Our agents know how to get the lowest rates for your business. Call today to find out how knowledegeable agents, expert advice and more choices lead to the best workers' comp quote.

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Workers Comp Rates are an Art & Science

What influences my workers comp insurance cost?

Your State & Class Codes

Insurance companies file their "base manual rates" for approval with each state for all class codes. Rate recommendations are generally made to the state and carriers annually by the National Council on Compensation Insurance.

Your Claims or Losses

Employee claims are reported to NCCI and statistically compared with all other similar type businesses using the same class code in each state. An Experience Modification Rate may apply to your business after a few years of coverage.

Prior Experience & Coverage

Insurance company underwriters are permitted to make premium rate adjustments based on unique factors about your business, safety practices, and management experience in most states.

Policy Credits and Debits

Insurance companies may apply policy credits and debits to the base manual rates. Additional discounts can be applied to premium as the total payroll & premium increases.

Smart Agents with expertise in workers' compensation insurance utilize this information to negotiate your insurance rates with underwriters. A good narrative about your business helps insurance companies justify a better price.

New Jersey Rates for Select Work Comp Class Codes

Rates for State Class Codes. Select Codes Listed:

The workers' compensation rates listed below for New Jersey represent the current insurance rates we've found for 2023. All workers' compensation rates in New Jersey are set by NJCRIB and all insurance carriers are required to utilize these base manual rates for the purpose of pricing and rating coverage. New Jersey regulations does allow insurance companies to utilize experience modifiers and to offer premium credits and debits on workers' comp policies. We help NJ employers find the lowest work comp rates.

Class Code & Description Low Rate High Rate
0035 Farm- Planting and Harvesting- Cannabis Growers $4.69 $4.69
0042 Landscaping Service $14.77 $14.77
0106 Tree Trimming- Pruning- Removal $21.31 $21.31
0917 Residential Cleaning Service- Housekeepers $9.28 $9.28
2121 Breweries- Craft Beers $1.76 $1.76
2143 Winery- Wine Makers $4.50 $4.50
2585 Carpet Cleaning $8.27 $8.27
2585* Dry Cleaning and Laundry Service $8.27 $8.27
3632 Machine Shop $4.51 $4.51
3724 HVAC- Heating and Cooling Service/Repair $6.97 $6.97
3821 Salvage Yard-Automobile Recycling $15.58 $15.58
5022 Masonry Construction $18.14 $18.14
5103 Door and Window Installers $9.48 $9.48
5183 Plumbing Contractors $5.86 $5.86
5190 Electrical Work- Electrician $4.63 $4.63
5215 Concrete Work- Flat Work Cement $12.56 $12.56
5223 Pool Installation- Pool Maintenance $11.50 $11.50
5348 Ceramic, Tile and Stone Work $9.23 $9.23
5437 Trim- Finish Carpenters- Cabinets- Countertops $11.56 $11.56
5445 Drywall Contractors $10.52 $10.52
5474 Painting Contractor $12.94 $12.94
5500 Asphalt & Paving Work $9.45 $9.45
5538 Metal Building Construction $7.69 $7.69
5538* Solar Energy Contractors- Installation $7.69 $7.69
5551 Roofing Contractors $29.46 $29.46
5645 Residential Construction- Home Builders- Remodelers- Siding $18.29 $18.29
6217 Excavation and Grading Work $7.54 $7.54
6400 Fence Installation & Repair $9.87 $9.87
7219 Trucking- Short Haul and Long Haul $16.62 $16.62
7219* Towing Company $16.62 $16.62
7230 Package and Parcel Delivery n/a n/a
7382 Non-Emergency Medical Transportation- Taxi- Limousine- Airport Shuttle $12.44 $12.44
7605 Alarm Installation and Repair $3.24 $3.24
7720 Security Guards- Patrol Officers $4.35 $4.35
8006 Gas Stations- Convenient Stores $2.90 $2.90
8017 Retail Stores- Merchandise- Cannabis Dispensary $3.44 $3.44
8292 Warehousing and Storage Facility $11.39 $11.39
8393 Auto Body Repair $4.32 $4.32
8397 Auto Service and Repair- Mechanic $5.69 $5.69
8742 Sales Professional $0.42 $0.42
8810 Clerical - Office Employee $0.18 $0.18
8829 Nursing Homes and Assisted Living Facilities $4.72 $4.72
8832 Medical Office- Doctor- Dentist- Chiropractor, Optometrist $0.49 $0.49
8835 Home Healthcare Workers $5.22 $5.22
8836 Social Service Organizations- Counseling- Family Services $4.50 $4.50
8840 Religious Organization- Church- Temple $0.68 $0.68
8868 Group Homes- Temporary Shelters- Disability Facility $1.43 $1.43
8868* Child Care Center- Daycare Providers $1.43 $1.43
9014 Janitorial Service Contractors- Pest Control- Exterminating- Chimney $5.52 $5.52
9015 Property Management- Leasing Agent $6.27 $6.27
9015* Building Maintenance-Campgrounds-Camps-RV Parks $6.27 $6.27
9052 Hotels and Motels $4.63 $4.63
9053 Fitness Center- Health Clubs- YMCA Programs $1.51 $1.51
9060 Golf Courses and Country Clubs $2.98 $2.98
9079 Restaurants- Catering $3.21 $3.21
9079* Mobile Food Truck- Food Cart- $3.21 $3.21
9079** Fast Food Restaurant- Concessions- Doughnut Shop $3.21 $3.21
9079*** Bars-Taverns-Nightclubs $3.21 $3.21
9102 Lawn Service and Maintenance $5.22 $5.22
9180 Shooting Range- Amusement Park $7.21 $7.21
9402 Septic Tank Cleaning- Portable Toilets $7.05 $7.05
9403 Refuse Collection- Garbage- Trash Service $17.96 $17.96
9519 Electrical Equipment Repair and Service $8.17 $8.17
9521 Floor Installers- Wood-Carpet-Laminate $6.31 $6.31
9726 Animal Shelters and Kennels- Veterinarian $5.97 $5.97

New Jersey workers' comp rates can vary significantly by workers comp classification codes, each employers' experience modification rate (EMOD) and underwriting credits and debits. Even though insurance rates are set by the state of New Jersey each calendar year, the cost of workers' comp coverage may vary between companies within the same industry. Shop your rates to find insurance companies who are willing to compete for your particular class codes and industry type.

State Resources for New Jersey

New Jersey Department Of Insurance

20 West State Street
Trenton, NJ 08625
NJ Department of Insurance

NJ Compensation Rating and Inspection Bureau

60 Park Place
Newark, NJ 07102

NJ Division of Workers' Compensation

PO Box 381
Trenton, New Jersey, 08625-0381
NJ Division of Workers Compensation

New Jersey Compensation Rating and Inspection Bureau is responsible for establishing and administering premium rates and regulations for the state.

NJCRIB also manages their own State Fund and Assigned Risk programs for employers who are unable to purchase workers comp insurance from a private insurance carrier.

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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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