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$0.16

June 5, 2015

Businesses in New Jersey shelled out just $0.16 more per $100 in employee wages for workers compensation insurance in 2014 than they did in 1988, according to a report from Propublica.com. But even that miniscule increase goes against the trend: The average insurance premium per $100 in wages has dropped by $1.57 in the past 25 years.

New Jersey employers pay an average of $2.82 per $100 in wages for workers comp, noticeably above the national average of $1.85. Employers in California, by comparison, pay $3.48 per $100 in wages, an amount that is down by $1.84 from the $5.32 they paid in 1988.

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