Fair Lawn, NJ asked in Workers' Compensation for New Jersey

Q: I am looking to avoid paying for Workers Compensation Insurance.

I understand there are two ways, please confirm:

1. Keep company ownership as is (100% owned by my wife) and obtain NJ approval for self insurance. How can I do it? any form to fill? submit to where?

2. Transfer 100% company ownership from to me (as I am the only one who does work for this business) and avoid Insurance requirement.

IGS Consulting is S-corporation ploviding engineering consulting services in construction (plumbing and fire protection) industry.

Thank you

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1 Lawyer Answer
Tim Rose
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  • Workers' Compensation Lawyer
  • Pleasant Grove, UT

A: Check with the NJ Dept. of Labor and Workforce Development based on what type of work entity you have created.

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