Tile, Stone, Marble, Terrazzo - Inside workers comp rate in New Jersey
The filed workers comp rate for class code 5348 (Tile, Stone, Marble, Terrazzo - Inside) in New Jersey is $7.30 per $100 of payroll. On $500,000 of payroll, that is roughly $36,500 in base premium.
Workers comp rules in New Jersey affecting code 5348
New Jersey uses CRIB for workers comp rate setting. Coverage is mandatory once an employer crosses the threshold of All employers with one or more employees must provide workers' compensation insurance.. The state uses an independent rating bureau rather than NCCI, so rate filings may diverge in methodology from the national NCCI standard.
Subcontractor coverage in New Jersey
General contractors are liable for the workers' compensation benefits of employees of an uninsured subcontractor.
Owner-exclusion rules for code 5348
New Jerseyallows business owners to file an election excluding themselves from workers comp coverage. Excluding $80,000 of owner payroll at $7.30 saves $5,840 per year.
1099 contractor handling
New Jersey uses a strict 'ABC test' to determine if a worker is an independent contractor or an employee.
Penalty for failing to carry coverage
Penalties for non-compliance include fines up to $5,000 for the first 10 days and $5,000 for each additional 10-day period, stop-work orders, and potential criminal charges.
Audit window after policy expiration
After your policy expires, New Jersey's rating authority allows within 90 days of policy expiration for a premium audit. Code 5348 payroll discovered late can result in additional premium owed. Maintain segregated payroll records for at least the audit window plus one year.
Ways to lower your premium for code 5348 in New Jersey
Most employers paying for code 5348 could reduce annual premium by 10-30% by applying one or more of the levers below. Each is grounded in New Jersey-specific rules where applicable.
- Experience modifier (EMR): A 0.85 EMR (well-managed) cuts $7.30 to $6.21 per $100, saving roughly $5,475 on a $500K payroll. A 1.25 EMR (loss-burdened) inflates it to $9.13. Build a lower EMR by reducing claim frequency (every claim hurts the modifier even if dollar cost is small).
- Schedule credits: New Jersey permits up to 25% schedule credit at underwriter discretion. At $7.30, a 7% credit lowers your effective rate to $6.79 per $100.
- Deductible plans: Per-claim or aggregate deductibles ($1K-$10K typical) cut premium 5-15%. Best fit when historical claim count is low.
- Reclassify payroll: Code 5348 may be applied too broadly. If a portion of payroll is genuinely clerical and properly segregated, that portion can be reported as code 8810 (clerical) at $0.10-$0.30 per $100.
- PEO or staff leasing: A Professional Employer Organization can pool your code-5348 payroll with similar businesses in New Jersey, often securing better blended rates than your standalone EMR can achieve.
- Dividend or retro plans: Some carriers offer participating policies that return a dividend if your loss ratio stays below a target. Best for employers with predictably good loss experience.
- Wrap-up policy for projects: For larger code-5348 operations (especially construction), an OCIP or CCIP wrap can consolidate coverage at lower aggregate cost.
Common claim drivers in construction affecting code 5348
Rate filings for code 5348 reflect what actually drives claim cost for this occupation across NCCI's national experience and New Jersey's state-specific loss data. The largest drivers behind the $7.30 rate are typically:
- Falls from elevation. OSHA cites falls as the leading construction injury cause; typically 25-35% of code-rate cost.
- Struck-by / caught-between. Vehicle, equipment, and falling-object injuries account for 15-20% of construction claims.
- Cumulative trauma. Back and shoulder injuries from repetitive lifting and overhead work drive long-tail claim costs.
Targeting these in your safety program produces the largest EMR improvement. Most claim-frequency reductions come from controls on the top two drivers above; severity reductions require return-to-work programs and aggressive medical management.
FAQ
What is the workers comp rate for code 5348 in New Jersey?
The filed workers comp loss cost or rate for NCCI class code 5348 in New Jersey is $7.30 per $100 of payroll.
How much would I pay on $500,000 payroll?
At $7.30 per $100, $500,000 yields a base premium of $36,500 before EMR and schedule credits. With an EMR of 0.85, effective rate is $6.21; with 1.25, it is $9.13.
Where else can I see code 5348?
UT has the cheapest filed rate ($0.780) and NJ the highest ($7.30). New Jersey sits at the 100th percentile across 22 peer states.
Is New Jersey an NCCI state?
No. New Jersey uses an independent rating bureau (CRIB) rather than NCCI, so rate filings may diverge in methodology from the national NCCI standard.
Can I get a schedule credit on code 5348 in New Jersey?
New Jersey permits up to 25% schedule credit. At $7.30, a 10% credit lowers effective rate to $6.57 per $100.
Can I exclude myself from code 5348 coverage in New Jersey?
Yes. New Jersey allows business owners to file an election excluding themselves from workers comp coverage on their own payroll.