Parking Garage/Lot workers comp rate in New Jersey
The filed workers comp rate for class code 7540 (Parking Garage/Lot) in New Jersey is $2.12 per $100 of payroll , effective 2025-01-01. On $500,000 of payroll, that's roughly $10,600 in base premium.
Rate per $100 $2.12
Rate type manual_rate
Authority NCCI / state rating bureau
Effective 2025-01-01
vs peers 89%
Confidence HIGH
FAQ
What is the workers comp rate for code 7540 in New Jersey?
The filed workers comp loss cost / rate for NCCI class code 7540 (Parking Garage/Lot) in New Jersey is $2.12 per $100 of payroll, effective 2025-01-01.
How much would I pay in New Jersey for code 7540 on $500,000 of payroll?
At $2.12 per $100, $500,000 of payroll yields a base premium of $10,600 before experience modifier and schedule credits. Actual cost varies by carrier and underwriting.
Where else can I see code 7540?
UT has the cheapest filed rate for code 7540 ($0.460) and IL the highest ($3.66). New Jersey sits at the 89th percentile across 18 peer states.