Question 1

How much does workers' comp cost for Street/Road Construction in New Jersey?

Accepted Answer

The current rate for Street/Road Construction (Class Code 5506) in New Jersey is $15.28 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $7640 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 Street/Road Construction is $15.28, which is $2.74 above the national average of $12.54 (+22%).

Question 4

What does class code 5506 cover?

Accepted Answer

Covers workers engaged in the construction and reconstruction of streets, roads, and highways.

State	Rate per $100	Difference
New Jersey (current)	$15.28	—
Indiana	$9.17	-6.11
Texas	$9.64	-5.64
Virginia	$9.75	-5.53
Utah	$9.99	-5.29
Arkansas	$10.34	-4.94

Workers' Comp Rate for Street/Road Construction in New Jersey (Class Code 5506)

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