Question 1

How much does workers' comp cost for Taxi/Rideshare in New Jersey?

Accepted Answer

The current rate for Taxi/Rideshare (Class Code 7370) in New Jersey is $8.78 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $4390 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 Taxi/Rideshare is $8.78, which is $1.57 above the national average of $7.21 (+22%).

Question 4

What does class code 7370 cover?

Accepted Answer

Covers drivers and operators of taxi and rideshare services providing passenger transportation.

State	Rate per $100	Difference
New Jersey (current)	$8.78	—
Indiana	$5.27	-3.51
Texas	$5.53	-3.25
Virginia	$5.60	-3.18
Utah	$5.74	-3.04
Arkansas	$5.94	-2.84

Workers' Comp Rate for Taxi/Rideshare in New Jersey (Class Code 7370)

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