New Jersey Workers Comp Insurance

With limited exceptions, every employer in New Jersey with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in NJ purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.

NJ Workers Comp Insurance Specific Regulations

• Any company who has employees working in New Jersey must have coverage
• If you work for someone else you will not be covered by their insurance policy unless you are an employee. This requires independent contractors to have their own workman’s compensation insurance
• New Jersey has both a private market for insurance and an assigned risk pool for those struggling to secure workers compensation insurance.
• In New Jersey, sole proprietors, partner, corporate officers, or members of LLCs must be covered by workers’ compensation polices if they have one or more employees.