Most New Jersey employers are overpaying for workers' comp - and paying on the wrong class codes.
43 years on New Jersey workers' comp. Most employers we review are paying on the wrong class codes.
Three quick questions. No payment details.
- Independent — we shop many carriers
- 43 years, Cherry Hill NJ
- New Jersey statewide
The difference
What most NJ employers get
- One renewal quote
- No benchmark
- Mod never explained
- Audit surprise
What we do
- Class codes reviewed
- Experience mod explained
- Open claims pushed to close
- Renewal marketed every year
Where it goes wrong
One misclassified employee
A single wrong class code inflates every premium you pay under that policy, year after year, until somebody checks it.
Your mod went up
The experience mod moved and nobody explained why. We walk you through the three years of losses behind the number.
One open claim, three years
An open claim sits in your experience for three years. We push the carrier to reserve accurately and close it.
Process
What happens after you hit send
No forms to fill out later, no sales pitch, no obligation to switch. Just a short call with a licensed New Jersey broker who does workers' comp all day and can tell you in minutes whether your premium is right.
- 1
You answer three questions
Takes about 60 seconds. No policy documents, no upload, nothing to sign.
- 2
A licensed NJ broker calls you
Same business day in most cases. A 10-minute call: we ask what you do, who you employ, and what your last renewal looked like — then tell you straight whether you're being overcharged.
- 3
You get options in writing
Class codes checked, experience mod explained, quotes from top-rated comp carriers side by side. You decide. Nothing changes on your policy unless you say so.
Plain English
The words on your policy
- Class code
- The NCCI code that describes the work an employee does. Your premium is that code's rate applied to the payroll reported under it.
- Experience mod
- A factor published by NJ CRIB from three years of your losses. Above 1.00 raises your premium, below 1.00 lowers it.
- Premium audit
- After the policy year the carrier compares actual payroll by class code to your estimate and bills or credits the difference.
- Certificate of insurance
- A one-page proof of coverage a general contractor, landlord or client asks for before you start work.
The agency
Who's behind this
Joseph J. Schipsi, Inc. is an independent insurance agency in Cherry Hill, New Jersey, in business 43 years. Independent means we are not tied to one carrier — we place your workers' compensation with the carrier that fits the work you do. A dedicated team handles audits, certificates, claims and renewals so you are not chasing a call center.
What we will not do
- No cold-call carousel.
- No bait quote.
- We do not sell your information.
- You can ask for the file and we delete it.
FAQ
Questions we get
Do I need workers' comp in New Jersey?
New Jersey employers are required to carry workers' compensation or be approved as self-insured. Coverage requirements depend on your entity type and who is on payroll — we will tell you straight what applies to you.
What happens at audit?
At the end of the policy year the carrier reviews your actual payroll by class code against the estimate. If payroll or codes were reported wrong, the correction comes back as a bill. We review the payroll split before the audit so there are no surprises.
Can I switch mid-term?
Often yes. We review the current policy, the cancellation terms and any return premium before we recommend a move, and we never leave you with a gap.
How is my premium calculated?
Payroll by class code, the carrier's rate for each code, then your experience mod and any credits. Get the payroll split or the codes wrong and every other number is wrong too.
Three quick questions. A licensed New Jersey broker calls you back.
60 seconds now, a 10-minute call later, and you'll know exactly whether you're overpaying — and exactly what your policy does and doesn't cover.