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All You Ever Wanted to Know About Insurance

Low Worker’s Comp Prices Are a Reality!

Secret Discounts You Never knew Existed

 An interview with a PRIME Insurance Expert

 Q: Every company knows that NJ Workers Compensation Insurance is a mandatory requirement with a standardized rate. That’s a given fact, right?

A: Not exactly. The government does require all companies have worker’s comp. However, the prevalent thought that there is a decisive set fee is entirely wrong. Though the US government puts a limit on how high the rates must be, there actually is no cap in regard to a low NJ insurance quote or a quote within any other US state.

Q: Ahh! So I can shop around for a better workers comp deal?

A: Yes and no. Let me explain. While the insurance companies do have the ability to offer lesser rates, they do so on an individual basis and by selective credit. Particular to whom they offer discounts, they tend to present a credit of 2% to 10% off the regular price – and at times will go as far as 20% - only to insurance agencies that they have a standing relationship with.

Q: That sounds like significant savings.

A: Absolutely! With these types of credits for workers compensation, a firm could save a lot of money – even hundreds of thousands of dollars!


Q: Typically, what brand of agency would be able to offer credits on worker’s comp?

A: An independent insurance agency that deals with the broad scope of coverage – from auto, home, personal and business liability, including comprehensive and umbrella plans AND worker’s compensation, as well as all varieties of specialty insurance – and has the network of leading insurance companies at their disposal, will  be able to facilitate lower workers comp costs. Having developed a good rapport with the insurance sources, they are the ones that evoke a level of trust that spurs the companies to comply with a credit request.

Q: Is there any added benefit besides price?

A: Dealing with the right insurance agency is not just about getting an excellent price. It’s about getting appropriate coverage at a great price. The right agency serves as your advocate, adviser and educator all in one. After intently listening to your individual needs, they present you with the options that make the most sense for you and effectively scout the field of quotes for you so that you are given nothing less than adequate protection at savings that really count. 

PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!


Although having worker’s comp is mandatory, prices are only regulated by the government as far as how high they can go. That means worker’s comp is not necessarily a set commodity, but an insurance product that can be bought at a discount. Partnering with an independent insurance agency that has the right insurance connections can save your company significant amounts in premiums. Contact us at PRIME Insurance Agency, email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 to find out how.


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