Nj Workers Compensation Rates 2025. Nj Workers' Compensation Rates 2025 Billi Cherise Employers, insurers, and claims professionals should update their systems and procedures to reflect these new rates for 2025 Rates were cut an average 3.9% for 2024; 6.1% for 2023 and 5.3% for 2022
Top 25 Workers’ Compensation Insurers from www.insurancejournal.com
Rates were cut an average 3.9% for 2024; 6.1% for 2023 and 5.3% for 2022 Employers, insurers, and claims professionals should update their systems and procedures to reflect these new rates for 2025
Top 25 Workers’ Compensation Insurers
The taxable wage base for workers covered under the Unemployment Compensation Law, which is the level of wages that are subject to contributions under that law, increases to $43,300 in 2025 from $42,300 in 2024. Employers, insurers, and claims professionals should update their systems and procedures to reflect these new rates for 2025 code rate mp code rate mp code rate mp 4561 2.43 840 4571 a 4572 0.73 364 4583 4.78 1150 4597 5.06 1150 4598 3.70 1150 4611 1.40 552 4627 4.29 1150 4628 1.57 600 4635 4.79 1150 4653 3.30 1084 4665 11.52 1150 4683 4.02 1150 4692 0.96 429 4693 1.08 462 4703 2.26 793 4707 2.04 731 4710 5.05 1150
Lower Workers’ Comp Rates in 2024. Employers, insurers, and claims professionals should update their systems and procedures to reflect these new rates for 2025 Failure to apply the correct rates could result in compliance issues or delays in processing claims
New Jersey Workers' Compensation Guide for Injured Workers. 2025 Maximum Workers' Compensation weekly benefit rate: $1,159; 2025 Maximum Unemployment Insurance weekly benefits rate: $875 The taxable wage base for workers covered under the Unemployment Compensation Law, which is the level of wages that are subject to contributions under that law, increases to $43,300 in 2025 from $42,300 in 2024.