Split Legal Workers' Compensation Templates For Free

In New Brunswick, workers' compensation is administered through a no-fault insurance system set up under the Workers' Compensation Act. The system is designed to compensate injured workers and protect employers from being sued by workers who are injured on the job.

The split point is used in the experience rating formula for worker's compensation. It is the dollar level at which each claim is divided into two parts, primary (the cost of each claim incurred below the split point) and excess (the cost of each claim incurred above the split point).

In New Brunswick, employers in the fishing industry with less than 25 employees are exempt from WCB coverage. In jurisdictions where not all employers have to register with the WCB, the WCB maintains lists of the specific industries where WCB coverage is mandatory versus those where coverage is not required.

In New Brunswick, an injured worker is allowed to earn a maximum of 85 per cent of his or her pre-accident net earnings through a combination of compensation benefits and financial payment/wages.

While most employers are required by law to provide workers' compensation insurance for their workers, there are some industries that aren't required to have coverage. These are called exempt industries. If you're in an exempt industry, you can voluntarily apply for workers' compensation to protect your workers.

Compensation refers to any payment given by an employer to an employee during their period of employment. In return, the employee will provide their time, labor, and skills. This compensation can be in the form of a salary, wage, benefits, bonuses, paid leave, pension funds, and stock options, and more.