Tel:(631) 293.5100 E-mail: mailto:info@dblcenter.com

The DBL Center - Insurance Wholesaler

Niche Insurance Specialist. Your Insurance Wholesaler since 1976

T (631) 293 51 00
Email: Info@dblcenter.com

Niche Insurance Specialist.
155 Pinelawn Road Suite 120S Melville, NY 11747

  • About
    • Our Team
      • David J. Cohen
      • Michael S. Cohen
      • Larry Estridge
      • Lisa Indelli
      • Selena Kutschera
      • Eugene Puleo
      • Annette M. Sperandio
      • Melissa Bilka
      • Bill Quinn
      • Brian Dewey
      • Lori S. Rose
      • Sonja Spruiel
      • Louis Ortiz
    • Why Choose Us
    • DBL Center History
    • In the News
    • Testimonials
  • Disability Insurance
    • Enriched DBL
    • NY State DBL
    • NJ TDB
    • TDI (Hawaii)
  • Ancillary Group Benefits
    • Group Life Insurance / AD&D Coverage
    • Long Term Disability Insurance
    • Dental Benefits
    • Vision Coverage
    • Voluntary Worksite Benefits
      • Life Insurance
      • Disability Income
      • Critical Illness Insurance
      • Accident Insurance
  • Paid Family Leave
    • NY Paid Family Leave
    • Connecticut Paid Family Leave
    • Colorado Paid Family Leave
    • MA Paid Family Medical Leave
    • Paid Leave Oregon: PFMLI
  • Bind DBL / PFL
  • Blog
  • Contact
GETRATES
HERE
  • Home
  • Blog Page
  • Disability Coverage
  • Don’t Be Late (on DBL Premiums): Let The DBL Center Help You Get the Commissions You Deserve
March 30, 2023
Michael Cohen
Tuesday, 28 July 2020 / Published in Disability Coverage

Don’t Be Late (on DBL Premiums): Let The DBL Center Help You Get the Commissions You Deserve

Insurance brokers know that DBL stands for “Disability Benefits Law,” which provides statutory New York State short term disability insurance to qualifying workers through employer-funded benefits packages.

But here at DBL Center, we love a good play on words. We want to remind our brokers that this year, more than ever, the “DBL” in DBL Center stands for “Don’t be late.” That is, don’t be late with your NY disability insurance premiums and delay your incoming commissions because clients haven’t remitted premiums on time.

Are You Leaving Commissions on the Table?

Across New York, businesses have closed as a result of the pandemic. From mom-and-pop boutiques, to law firms, restaurants, gyms, and even larger companies, New York business owners felt the crush of the quarantine, followed by re-opening regulations, and a public that is wary of leaving their homes or spending money.

As we continue to struggle with these challenges, one thing insurance brokers shouldn’t have to worry about is whether or not their clients still in business have paid their premiums.

Yet, it’s a fact of life. Brokers face cancellations due to non-pays, client bookkeeping errors, and other lapses that can delay your commissions.

Even in the best of times, you don’t want to have to waste time chasing down clients. The Covid-19 pandemic complicated it further, because you don’t know who:

• Went out of business
• Doesn’t have the money to pay
• Received a PPP loan but perhaps thought premiums were yet another bill waived due to the pandemic
• Put their statutory DBL last on the list of payments to make, after paying the lease and keeping the lights on

Whatever your client’s situation, if they have an in-force NYS DBL policy or enriched DBL, they owe the premium amount due – and you deserve your commission.

We’re More Than Your Insurance Wholesaler, We’re Your Bill Collector

DBL Center is here to remind your customers “don’t be late,” on their DBL payments. Through our powerful Broker Dashboard: Net Revenue Tracker, we can track renewals, cancellations, and non-pays.

Then we send those emails and make those uncomfortable calls reminding your clients their New York state DBL payment is due. We use the utmost tact, and will get that bill paid so you can collect your commission.

And if a company has gone out of business? We’ll adjust the Broker Dashboard records to reflect that. No more wasted time on out-of-business companies.

Tracking Lives After Layoffs and Furloughs

Many customers might have NYS DBL premium payments due, but not understand the amount owed due to a change in their overall employee head count. If their bill does not reflect the new number of lives, reflective of layoffs or furloughs that occurred as a result of the Covid-19 pandemic, we’ll recalculate the total amount due.

And, again, get that bill paid so you can collect your commission.

Free Up Your Time to Grow Your Business

When you help your clients purchase NY disability insurance through The DBL Center, we serve as your back-office staff to manage your accounts. That frees you up to do what you do best, which is sell insurance – even in a struggling economy.

With access to our Broker Dashboard: Net Revenue Tracker, you’ll always know what you’re earning at a glance. You can track accounts ready for renewal, cancellations, and commissions. The Broker Dashboard helps you stay on top of it all – and The DBL Center team is here to help you manage it.

As I stated in my last video interview, the year is more than half over. Halloween is just around the corner and before you know it, we’ll all be closing the books on 2020 and hoping for better things ahead.

Now is the time to start planning for 2021. What will your book of business look like? Are you putting the time into sales or hunting down premium payments? Let us help so we can all look forward to a better future.

Tagged under: broker commissions, Broker Dashboard, disability insurance NY, Michael Cohen, Net Revenue Tracker, NYS DBL, The DBL Center

What you can read next

Private Disability Insurance in New York: Great Reasons to Enrich DBL Now for Your Clients
Deadline to Write Disability Benefits Across New England and New York Tri-State Area Approaches on April 1
5 Ways The DBL Center Delivers Better Service
Image
Image
Image
Image

From Our Blog

  • Ancillary Benefits
  • Broker Dashboard
  • Broker Spotlight
  • Business
  • Colorado FAMLI
  • Coronavirus Pandemic
  • CT Paid Family Medical Leave
  • Culture
  • Dental Insurance
  • Disability Coverage
  • Enriched DBL
  • Hawaii TDI
  • Healthcare
  • In the News
  • Insurance
  • Life Insurance
  • long-Term Care insurance
  • Maryland PFML
  • Massachusetts PFMLA
  • News
  • NJ TDB
  • NYS DBL
  • On the Mic with Mike
  • Paid Family Leave
  • Rep Roundtable
  • Technology
  • Vision Coverage
  • Voluntary Worksite Benefits

The Benefits

Learn how DBL Center white glove service can help brokers like you expand your book of business with new clients

LEARN MORE

How it works

Select your carrier, Fill out the forms, Get approved It's that simple! White glove service you & your clients deserve.

LEARN MORE

Bind DBL / PFL

Link your agency today, contact our seamless dedicated support team for additional help or any quotations you may have.

GET STARTED

The D.B.L. Center LTD.
Niche Insurance Specialist
Industry experience since 1976
155 Pinelawn Road
Suite 120S
Melville, NY 11747

Ancillary Benefits
  • Ancillary Group Benefits
  • Group Life Insurance / AD&D Coverage
  • Long Term Disability Insurance
  • Vision Coverage
  • Dental Benefits
Paid Family Leave
  • New York
  • Connecticut
  • Colorado
  • Massachusetts
  • Oregon
Disability Insurance
  • Enriched DBL
  • NY State DBL
  • TDB (NJ)
  • TDI (Hawaii)
Helpful Links
  • Contact Us
  • Blog
  • In the News
  • PFL Calculator – 2023 Rates
  • About The DBL Center Ltd.
  • Our Team
  • Why Choose Us
  • DBL Center History
  • In the News
  • Testimonials
  • Sitemap
  • Privacy Policy
  • Legal

Insurancewholesaler.com All rights reserved 2023. Designed & Developed By Slidesigma.com

TOP