Question 1

How much does workers' comp cost for Charter Aircraft in New Jersey?

Accepted Answer

The current rate for Charter Aircraft (Class Code 7405) in New Jersey is $16.58 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $8290 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 Charter Aircraft is $16.58, which is $2.97 above the national average of $13.61 (+22%).

Question 4

What does class code 7405 cover?

Accepted Answer

Covers crew and ground personnel operating charter aircraft services for passengers and cargo.

State	Rate per $100	Difference
New Jersey (current)	$16.58	—
Indiana	$9.95	-6.63
Texas	$10.46	-6.12
Virginia	$10.58	-6.00
Utah	$10.84	-5.74
Arkansas	$11.22	-5.36

Workers' Comp Rate for Charter Aircraft in New Jersey (Class Code 7405)

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