Purpose: Workers’ Compensation insurance is designed to provide protection to employees who suffer injury or occupational sickness while on the job. At the same time, businesses are provided with protection through limited liability. Injured workers are entitled to benefits including, but not limited to, medical expenses and lost wages. A business not carrying this coverage puts itself at great financial risk.

NJ WC Rates: Workers’ Compensation rates are mandated by the State of New Jersey, and are set at the beginning of each year. Premiums are derived by using a percentage per $100 of payroll. These rates vary based upon the type of business, and the specific jobs performed within that business.

NJ State Law: State law requires all businesses with employees to carry Workers’s Compensation insurance. In addition, all officers of a corporation must include themselves for coverage.

Managed Care Credit: While it is true that all Workers’ Compensation rates are set by the state, our agency has contracts with select insurance companies that can provide up to a 15% credit on your annual premium for eligible business classes. Please inquire whether your company qualifies for this reduction in premium!

Suburban General’s Commitment: Our employees are dedicated to helping all clients determine which classifications their payroll should be categorized as. The initial estimating and classifying of payroll is crucial to the accuracy of a business’ premium. It is this accuracy that ensures that your business is not a victim of a large additional premium when a year-end audit is conducted.