When insurance is purchased through the New York State Insurance Fund for disability, employees receive a maximum of $170 a week for 26 weeks, beginning one week after filing their claim. If you’re an insurance agent offering disability insurance in the state of New York, you have probably written many of these policies. You may not think there’s much of a difference in your choice of carrier if your clients choose the New York State minimum plan under Disability Benefits Law. But that’s just not true.
If you are writing your customers Disability Benefits Law insurance through NYSIF, you are missing out on two key elements – personalized service and commission. When you write your customers’ DBL policies through a private carrier, you can offer enriched benefits to give employees more than the state minimum $170 per week, personalized service, and a choice of top carriers in New York State.
Additionally, when you purchase DBL coverage through other general agencies, your company name and code number are missing from the application, and policy ownership is not recognized by the insurance carrier. You may not even receive specific information about the policy that would permit you to serve your clients better. With InsuranceWholesaler.net, you can expect a different kind of experience.