NJ Workers Comp
Class Codes (By Number With Description)

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NJ workers comp class codes are four digit numbers assigned by the The New Jersey Compensation Rating & Inspection Bureau (NJCRIB). Workers compensation classification codes contain your industries injury rates & are used to determine your base premium cost.

New Jersey Workers Compensation Classification Codes

NJ Workers Comp Class Codes

According to the The New Jersey Department of Labor and Workforce Development: "New Jersey law requires that all New Jersey employers, not covered by Federal programs, have workers' compensation coverage or be approved for self-insurance. Even out-of-state employers may need workers' compensation coverage if a contract of employment is entered into in New Jersey or if work is performed in New Jersey."

So what are NJ workers comp class codes? Workers comp class codes are created by the The New Jersey Compensation Rating & Inspection Bureau (NJCRIB), an organization that according to them:

"The New Jersey Compensation Rating and Inspection Bureau (NJCRIB) was created, established and continued pursuant to N.J.S.A. 34:15-89 and -90.1. NJCRIB is charged by Statute to:

The responsibilities of NJCRIB include the following:

For example, for a roofer, tree trimmer, or demolition company, the cost could be $17 per $100 in payroll, or even higher. On the other hand, the cost to cover a attorney, accountant or real estate agent could be under $0.20 per $100 of their payroll. So, for an employee that earns $40,000 a year, a blue collar contracting company could pay around $6800, where a white collar business may pay just $80. It all depends on the risk or injury associated with the code.

Workers Compensation Insurance Information

For more info including coverages and cost you can check out this article on: workers compensation insurance.

NJ Workers Compensation Classification Codes List

NJ workers comp class codes - some of the most searched class codes are:

... because the cost for workers comp base premiums are lower in these classes than most others.

Following is a list of the NJ workers comp class codes. Both the code and class description are listed in numerical order:

Workers Comp Insurance Articles

If you are looking for more information on workers compensation: New Jersey Workers Compensation For Restaurants.

Further Reading On Worker's Comp Insurance

NJ Worker's Comp Insurance Quotes

New Jersey Insurance

Request a Worker's Comp Insurance quote in Atlantic City, Bayonne, Bergenfield, Bridgeton, Camden, Carteret, Cliffside Park, Clifton, Dover, East Orange, Egg Harbor, Elizabeth, Elmwood Park, Englewood, Fair Lawn, Fort Lee, Garfield, Glassboro, Hackensack, Hawthorne, Hoboken, Jersey City, Kearny, Linden, Lodi, Long Branch, Millville, Morristown, New Brunswick, Newark, North Plainfield, Palisades Park, Paramus, Passaic, Paterson, Perth Amboy, Plainfield, Pleasantville, Point Pleasant, Rahway, Ridgewood, Roselle, Sayreville, South Plainfield, Summit, Trenton, Union City, Vineland, West New York, Westfield and all other cities in NJ.

Insurance Regulations In New Jersey

There insurance regulations that govern both business and personal insurance in the state of NJ. There are certain regulations that you want to keep in mind whether you are getting insurance as a private party, or you may have a business and are concerned about the regulations and oversight of your business insurance.

New Jersey Commercial Insurance

The regulations governing business insurance start with general liability insurance. General liability insurance protects you from lawsuits from people that come on your property with a variety of coverages. For example, it may protect against bodily injury, it may also protect against property damage caused by your business - for example, if your sign falls on someone's car - or it may protect against advertising, false arrest and lots of other different things that can happen. However, keep in mind that general liability insurance is not required in the state of New Jersey.

There are certain types of insurance that are required by businesses in New Jersey though. One of the regulations governing business insurance in New Jersey requires that anyone who has a full-time or part-time employee carry Worker's Compensation insurance to cover that employee. Workers comp is sort of like health insurance for employees that get hurt on the job.

In addition, NJ law says that employers must provide employee disability coverage to provide income for employees who are injured on the job and have to take time off due to a temporary or permanent disability. Finally, businesses in New Jersey are required to carry commercial auto insurance for company vehicles.

NJ Personal Insurance

The first type of personal insurance that will be discussing is auto insurance. Personal auto insurance in New Jersey requires that the driver carry $15,000 per person and $30,000 per accident in liability coverage. In addition, there must be an additional $5000 for property damage.

As far as life insurance regulations, insurance companies must be regulated by the Department of Banking and Insurance which maintains all records of insurance companies that are licensed to do business in the state. In addition, residents have a 10 day free look period, a grace period of 30 days and insurance companies must make payments in a timely fashion; which is within two months of receiving proof of death from the beneficiary.


Workers Compensation Insurance Class Codes

If you are looking for state specific Workers Comp Insurance class codes, costs and information: California Workers Comp Class Codes, Colorado Workers Comp Class Codes, Delaware Workers Comp Class Codes, Florida Workers Comp Class Codes, Illinois Workers Comp Class Codes,Florida Workers Comp Class Codes, New Jersey Workers Comp Class Codes, New York Workers Comp Class Codes, Oregon Workers Comp Class Codes, Pennsylvania Workers Comp Class Codes, Texas Workers Comp Class Codes.

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