{"id":745,"date":"2013-11-12T13:20:36","date_gmt":"2013-11-12T18:20:36","guid":{"rendered":"http:\/\/www.apexservices.com\/blog\/?p=745"},"modified":"2013-11-12T13:22:13","modified_gmt":"2013-11-12T18:22:13","slug":"workers-compensation-premium-recovery-helps-nj-employers-with-higher-2014-maximum-weekly-indemnity-benefits","status":"publish","type":"post","link":"https:\/\/www.apexservices.com\/blog\/2013\/11\/12\/workers-compensation-premium-recovery-helps-nj-employers-with-higher-2014-maximum-weekly-indemnity-benefits\/","title":{"rendered":"Workers Compensation Premium Recovery Helps NJ Employers with Higher 2014 Maximum Weekly Indemnity Benefits"},"content":{"rendered":"<p>November 11, 2013<\/p>\n<p>The New Jersey Division of Workers&#39; Compensation announced that the maximum weekly indemnity benefit for injured workers will be $843 in 2014, and the minimum weekly benefit will be $225.&nbsp; This is an increase from $826 maximum weekly indemnity benefit and $220 minimum weekly benefit in 2013.<\/p>\n<p>New Jersey law requires that workers on both temporary total disability and permanent total disability be paid 70% of their pre-injury wages capped at 75% of the statewide average weekly wage. State law sets the minimum weekly benefit at 20% of the statewide average weekly wage.<\/p>\n<p>What this means for many New Jersey employers is that more employees with higher salaries can now afford to file a workers compensation claim and extend their lost time. More workers compensation claims are filed by more employees and these employees stay home for a longer period of time while they receive 70% of their weekly wages tax-free. As for the employers, they are left to pick up the tab on higher experience modifications and ultimately higher workers compensation insurance premiums.<\/p>\n<p>New Jersey employers can reduce their current and prior years&rsquo; workers compensation premiums through <a href=\"http:\/\/www.apexservices.com\">workers compensation premium recovery<\/a>.&nbsp; This service offers to knock down experience modifications on a no-recovery no-fee basis. Employers receive refunds on old, useless policies and see reduced premiums on future years as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>November 11, 2013 The New Jersey Division of Workers&#39; Compensation announced that the maximum weekly indemnity benefit for injured workers will be $843 in 2014, and the minimum weekly benefit will be $225.&nbsp; This is an increase from $826 maximum weekly indemnity benefit and $220 minimum weekly benefit in 2013. New Jersey law requires that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,94,65],"tags":[],"class_list":["post-745","post","type-post","status-publish","format-standard","hentry","category-workers-comp","category-workers-comp-market","category-workers-comp-refunds"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/posts\/745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/comments?post=745"}],"version-history":[{"count":3,"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/posts\/745\/revisions"}],"predecessor-version":[{"id":747,"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/posts\/745\/revisions\/747"}],"wp:attachment":[{"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/media?parent=745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/categories?post=745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apexservices.com\/blog\/wp-json\/wp\/v2\/tags?post=745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}