Question 1

How much does workers' comp cost for Boat Building - Wood in New Jersey?

Accepted Answer

The current rate for Boat Building - Wood (Class Code 7335) in New Jersey is $9.75 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4875 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New Jersey?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New Jersey for all employers with at least one employee.

Question 3

How does New Jersey's rate compare to other states?

Accepted Answer

New Jersey's rate for Boat Building - Wood is $9.75, which is $1.74 above the national average of $8.01 (+22%).

Question 4

What does class code 7335 cover?

Accepted Answer

Covers workers building and repairing wooden boats including hull construction, finishing, and restoration.

State	Rate per $100	Difference
New Jersey (current)	$9.75	—
Indiana	$5.85	-3.90
Texas	$6.15	-3.60
Virginia	$6.23	-3.52
Utah	$6.38	-3.37
Arkansas	$6.60	-3.15

Workers' Comp Rate for Boat Building - Wood in New Jersey (Class Code 7335)

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