Statutory Guidelines [Appendix A(2) Tres. Reg 104-1] regarding compensation for injuries or sickness under workmen's compensation acts, damages, accident or health insurance, etc. as stated in the guidelines.
New Jersey Compensation for Injuries or Sickness Treasury Regulation 104.1
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If the employee is booked off due to an IOD for 4 days or longer, but less than 3 months, the employer must pay the injured employee at a rate of at least 75% of his earnings, from the first day, until the employee returns to work. Please note that earnings are not only the basic salary of the worker.
You will be allowed to collect benefits for a certain period of time, depending on the seriousness of your injury, and the amount of benefits that can be received will be determined by the seriousness of the injury. Benefits can also be sought for contraction or aggravation of a disease.
Compensation is money paid by the Compensation Fund when an employee was injured on duty and to compensate you for the loss of wages and/or to pay medical expenses. No compensation is payable if you are unfit for work for three days or less. Medical expenses will, however, be paid.
The most costly lost-time workers' compensation claims by part of body are for those involving the head or central nervous system. These injuries averaged $94,285 per claim that occurred in 2020 and 2021. The next highest costs were for injuries involving the neck ($65,659) and multiple body parts ($62,257).
The pain multiplier approach: This method determines pain and suffering damages by multiplying actual economic damages like medical expenses by a set number (the multiplier). The multiplier is usually between 1.5 and 5, with a higher multiplier for more serious injuries.
Compensation is money awarded to somebody who has been involved in an accident that wasn't their fault. It's a financial settlement that covers the costs and impact that the resulting injury has had on the person's life, now and into the future.