Business & Insurance · New Jersey

Workers Comp Cost in New Jersey

2026 rates — mandatory for most New Jersey employers

$1.98 per $100 payroll
New Jersey avg rate
$9,900/yr
$500K payroll, avg risk
Mandatory in New Jersey: YES — required for employers in New Jersey (check specific employee count thresholds)

Calculate Your New Jersey Workers Comp Cost

Workers Comp Rates by Industry — New Jersey 2026

Industry Class Risk Level Rate / $100 payroll
Clerical / Office (8810) Very Low $0.20 – $0.45
Retail / Wholesale (8017–8018) Low $0.80 – $2.00
Restaurant / Food Service (9082) Moderate $1.50 – $3.50
Light Manufacturing (3632) Moderate $2.00 – $5.00
Trucking / Delivery (7219–7231) High $4.00 – $8.00
Construction / Carpentry (5645) High $5.00 – $12.00
Roofing (5551) Very High $8.00 – $18.00

Rates are advisory/illustrative. Actual New Jersey rates vary by carrier, your specific class codes, and Experience Mod.

Workers Comp in New Jersey — Key Facts

1. New Jersey Requirement & Market

Mandatory: YES — required for employers in New Jersey (check specific employee count thresholds)

Market: State fund available + private market

New Jersey uses a state-administered rating system for class code rate guidance. Workers' comp costs in New Jersey are above the national average. Compare multiple carriers for the best rates — differences of 20–40% for the same class code are common.

2. Top Cost Tips for New Jersey

New Jersey employers: (1) verify your class codes are correctly assigned — misclassification is common and can significantly inflate premiums; (2) implement a documented safety program — this qualifies for premium credits with many carriers; (3) pay-as-you-go workers' comp eliminates large audit surprises.

Compare Workers Comp Quotes in New Jersey

Rates vary 20–40% between carriers for identical coverage. Compare before your next renewal.