Provides personal liability for owner, executive officer, or executive director of employer for failure to pay for workers' compensation coverage.

This New Jersey bill creates an "uninsured employer's fund" to pay workers' compensation claims when employers fail to provide coverage. It requires insurance companies and self-insured employers to pay annual surcharges to maintain the fund, and imposes personal penalties on employers (including $1,000 plus 15% of the award per claim, capped at $5,000) for nonpayment. Owners, executives, or directors of uninsured employers face personal liability for these penalties, extending joint responsibility beyond the business itself. The fund ensures employees receive compensation from the state when employers default, while shifting the financial burden to noncompliant businesses and their leadership.