NJ commissioner approves 6.9% comp rate decrease
- October 28, 2025
- Posted by: Web workers
- Category: Workers Comp
The New Jersey Commissioner of Banking and Insurance approved a 6.9% decrease in rates for workers compensation policies incepting on or after Jan. 1, 2025.
Average rate changes will vary by industry group.
The office and clerical group will see the largest average decrease at 9.6%, followed by goods and services at 7.5%. The “miscellaneous” category will see the smallest average decrease at 5.4%, according to information provided by the New Jersey Compensation Rating and Inspection Bureau.
The bureau also announced that the commissioner approved changes to the Workers’ Compensation and Employers Liability Insurance Manual.
Among other things, the changes include increasing the experience rating normal loss values for both medical and indemnity to $10,500 from $10,000.
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