New Jersey, NJ Workers Compensation Insurance for Electrical Contractors
WE HAVE GREAT MARKETS TO PLACE YOUR WORKERS COMPENSATION INSURANCE!
GET A WORKERS COMPENSATION QUOTE
- CURRENTLY HAVE A WORKERS COMPENSATION POLICY? – If you have workers compensation and want to know if you can save any money, call us at 973-377-6100, and provide us with a copy of your current policy. OR Complete our online survey and use the link to upload your current policy. CLICK HERE TO COMPLETE OUR ONLINE QUOTE REQUEST FORM
- NEED WORKERS COMPENSATION? – Please call us.
- INTERESTED IN THE COST? – USE OUR ONLINE WC CALCULATOR
The NJ ELECTRICAL CONTRACTORS class rate is the lowest of all the contracting classes!
Workers Compensation rating is always based on payroll.
WHO NEEDS WORKERS COMPENSATION AND WHEN. (NEW JERSEY)
Any person or business who pays money for a person’s services needs workers compensation. Full time workers, part-time workers, temporary help, day laborers, friends, family, anyone. Even illegal aliens.
If a business is a corporation the “owners” are not owners they are corporate officers and employees of the corporation. By law they have to be covered under a workers compensation policy.
If a business is an LLC, sole proprietorship, or partnership then the “owners” can elect or reject coverage for themselves. When a workers compensation policy is purchased an application form needs to be completed and signed showing election or rejection of coverage.
Most contractors need to elect coverage. If a contractor will be working for a general contractor, doing commercial work, working for a condo-association, working for a property management company or for a large company, they will require that the owner must be included. Certificates of insurance show the election or rejection of coverage for the owners.