Locations: Florham Park, NJ and Marysville, PA

New Jersey, NJ Workers Compensation Insurance Examples for Master Plumbing Contractors

Workers Compensation in New Jersey rating is based on payroll. Here are a few examples for NJ Master Plumbers. Please contact us for details and an exact quote. All premiums are subject to audit. Coverage for NJ only. If you currently have a workers compensation policy and would like a review or competitive quote we will need to see a copy of that policy.

Quote #1
Minimum to cover a small payroll of $10,000. owner is excluded.
Annual premium: $1,409.

Quote #2
Owner is included at the minimum payroll / salary of $31,720.
Annual premium: $3,094.

Quote #3
Mix of employee payroll and / or owners payroll. Total of $50,000. payroll
Annual premium: $4,646.

Quote #5
Mix of employee payroll and / or owners payroll. Total of $100,000. payroll
Annual premium: $8,893.

WHO NEED 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.

Owners:
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.

Contractors:
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.

Learn More

Our Main Workers Compensation Page

Questions and Answers about Workers Compensation  

Employers Guide to Workers Compensation in NJ

Link to NJ Department of Labor Website

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