The cost of workers’ comp depends on several factors, including:

• Industry Risk Level – Higher-risk industries (e.g., construction) have higher premiums
• Payroll Size – Workers’ comp rates are calculated per $100 of payroll
• Claims History – A history of frequent claims can lead to increased costs
• Number of Employees – More employees generally mean higher premiums

Estimated Workers’ Comp Rates by Industry in NJ:

• Construction: $4.50 – $8.00 per $100 of payroll
• Retail & Restaurants: $1.75 – $3.50 per $100 of payroll
• Healthcare: $2.25 – $4.75 per $100 of payroll
• Office Jobs: $0.80 – $1.75 per $100 of payroll

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