What is my maximum rate of compensation?

When you are injured in a workplace accident, one of the first questions you may ask is how much money you will be compensated for. There is a maximum rate of compensation that you may receive if you have a successful workers’ compensation claim for an injury. It is understandable that an injured worker would want to get the most compensation they possibly can because medical expenses can quickly add up and become overwhelming.

The maximum rate of compensation is subject to a minimum amount that New York State has determined. The rate is determined dependent on the date in which your accident actually occurred. In fact, the rates just changed July 1, 2017, with a weekly maximum of $870.61. For example, if a person was injured on July 5, 2013, and had an income of $2,000 per week, they would only have a maximum weekly rate of $400. However, as the years go on, the rate increases. So, if a person who makes $1,000 a week was injured on July 5, 2016, they would be eligible for a maximum rate of $666. If a person injured on July 5, 2016 made $2,000 a week, they would be eligible to receive $864.32.

The Schedule of Benefits is as follows:

This can quickly become confusing and therefore it is essential that you retain the services of an experienced workers’ compensation attorney who can provide you with assistance.

The Law Offices of George Poulos is an experienced Workers’ Compensation, personal injury, bankruptcy, and Social Security Disability law firm with offices in Queens and the Bronx. If you require strong legal representation, contact our firm today to schedule a free consultation.