The New Jersey Compensation Rating and Inspection Bureau on Monday launched a total estimated policy cost calculator.
The calculator uses an algorithm to estimate how much a workers’ compensation policy would cost for a given business based on effective dates, experience modifications and classification codes.
The calculator accepts one-year policies with effective dates and cancellation dates going back to Jan. 1, 2019.
When applicable, the calculator will auto-fill information associated with the additional user inputs, the bureau said.
The calculator can be accessed here.
The NJC...
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