The mission of the Compensation Rating and Inspection Bureau (CRIB) is to timely and equitably fulfill its statutory responsibilities in order to promote a healthy marketplace for all workers' compensation stakeholders in the State of New Jersey.
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CRIB was created, established and continued pursuant to N.J.S.A. 34:15-89 and -90.1 with the following statutory authority:
- Establish and maintain rules, regulations and premium rates for workers compensation and employers liability insurance
- Adopt means for assuring uniform and accurate audit of payrolls as they relate to workers compensation insurance
- Encourage employers to reduce the number and severity of accidents by adjusting premiums through the use of credits and debits under a uniform system of experience rating
The responsibilities of CRIB include the following:
- Administration of all Workers Compensation Rates and Rating Programs
- Administration of the Classification System
- Review and maintenance of individual employer insurance coverage records
- Administration of the Residual Market