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In Vitale v. Schering-Plough Corporation, 231 N.J. 234 (2017), the New Jersey Supreme Court held that section 39 of the New Jersey Worker's Compensation Act prohibits a waiver of an employee's claims against third-party tortfeasors.
Workers' compensation is a ?no fault? insurance program that provides medical treatment, wage replacement, and permanent disability compensation to employees who suffer job-related injuries or illnesses. It also provides death benefits to dependents of workers who have died as a result of their employment.
All Corporate Officers are automatically included under coverage and are not permitted to exclude themselves from a policy. New Jersey law is broader than the IRS with regard to the definition of an employer-employee relationship.
When you settle your workers' comp claim, you give up certain benefits in exchange for an agreed-upon sum of money. Settlements can be paid in a lump sum or in installments on a monthly, annual, or other basis.
In New Jersey, these benefits are 70% of your average weekly wages before the injury, but there is a maximum and minimum that changes every year. For injuries that happen in 2021, the weekly maximum benefit is $969, and the minimum is $258.
Under New Jersey workers' compensation law, employers cannot be sued for work injuries. However, the law does not bar workers from filing suit against non-employers who may have played a role in causing an accident at work.
New Jersey law requires that all New Jersey employers, not covered by Federal programs, have Workers' Compensation coverage or be approved for self-insurance.
NJ Plan Premium Adjustment Program The Plan Premium Adjustment Plan (PPAP) increases the premium for state fund policies a minimum of 10%. Its measured by applying the PPAP adjustment factor to the standard premium. The PPAP charge changes each year and also varies by employer.
After the individual is released from medical treatment, workers' compensation cases are completed within an average of nine months. When the employer and the employee agree on a monetary settlement, the parties will then proceed before the court for the settlement hearing.