Workers Compensation New Jersey

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New Jersey Workers Compensation at a Glance

  • New Jersey Specific Requirements for Workers’ Compensation

  • New Jersey Workers’ Compensation exceptions

  • Inform employees and new hires about Workers’ Compensation

  • Avoid New Jersey penalties for failure to insure workers

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Frequently Asked Questions

How much does Workers' Compensation pay employees in NJ?

Workers' Compensation coverage for temporary income in New Jersey is available to workers who miss more than 7 days of work due to their work-related injuries and pays 70% of that worker's gross weekly wages, up to a maximum weekly amount that changes each year.

Where can I buy Workers' Compensation in New Jersey?

You can purchase required Workers' Compensation coverage through an agent or broker, or online using a portal such as CoverWallet, which can also provide other essential insurance policies for your business. Unlike some other states, New Jersey does not offer a state fund, but businesses having trouble finding coverage can utilize New Jersey’s assigned risk pool, which will place their business with a carrier.

How Much Does Workers' Compensation Insurance Cost in New Jersey?

New Jersey utilizes its own rating bureau, the New Jersey Compensation Rating and Inspection Bureau (NJCRIB) to help determine Workers' Compensation rates for businesses in the state. Similar to the factors used to determine rates in other states, the type of industry, claims history, and payroll all effect Workers' Compensation costs, causing rates to vary depending on your specific business.

What is covered by New Jersey Workers' Compensation?

Workers' Compensation coverage in New Jersey provides medical treatment and income replacement for workers injured on the job or suffering from work-related illnesses. Income replacement of up to 70% of the worker's average gross wages is paid, provided that the work injury prevents an employee from returning to work. Death benefits to surviving dependents are also available for workplace injuries resulting in death.

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References for Workers Compensation in New Jersey

Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business:

State of New Jersey Department of Labor and Workforce Development

124 Halsey Street, 2nd floor , Newark, New Jersey, 7101
Mon through Fri from 8:00 AM to 5:00 PM
Visit the website

New Jersey Department of Banking & Insurance

20 West State Street PO Box 325, Trenton, NJ, 08625
Mon through Fri from 8:00 AM to 5:00 PM
Visit the website

The content provided on this page is intended for general information purposes only and is not represented to be error free nor is it intended to constitute an offer, inducement, promise or contract of any kind for you to rely upon. The information and data linked to by CoverWallet are provided as a courtesy and are not intended to nor do they constitute an endorsement by CoverWallet of the linked materials. To get accurate information for your business and industry we recommend you to contact a licensed insurance agent or attorney.