New Jersey Compensation Rating and Inspection Bureau (NJCRIB) is a non-profit organization established in 1917 under N.J.S.A. 34:15-89 and -90.1. The bureau plays a crucial role in the workers' compensation sector by preparing and filing underwriting rules, policy forms, employer classifications, rates, and rating plans for regulatory approval. Additionally, NJCRIB is responsible for reviewing and maintaining individual employer insurance coverage records and administering the residual market.
The organization's commitment to providing accessible, accurate, and insightful data about the marketplace through its proprietary data serves to benefit insurers, employers, producers, and policymakers, thereby enhancing their understanding of the system's dynamics.
Workers' compensation is essential to society as it ensures that injured workers receive medical care and compensation for lost wages sustained during their absence from work. NJCRIB's workforce takes pride in delivering professionalism to all system participants.
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