You’ve probably heard the expression, “Stay in your lane.” One of DBL Center founder David Cohen’s favorite quotes was “Stick to sewing.” Both expressions relate to finding what you’re good at, honing your skills and knowledge in that area, and not wasting time on diversions outside that field. Find the right people to support you
Smart New York disability insurance brokers have been thinking ahead to 2022 since the third quarter wrapped up. However, that’s not always easy to do as so much has changed in the past year. If you’ve been focused on the day-to-day, treading water and focused on maintaining your book of business without growing, that’s completely
As children across the northeast return to classrooms, many for the first time since March 2020, working parents everywhere also settle into new routines. With workplaces now open again and in-person networking events, business lunches, and other opportunities for connection expanding, many insurance brokers’ workdays are shifting to a “new normal.” It’s the same for
In past years, DBL Center insurance brokers didn’t write private New Jersey TDB (temporary disability benefits) past the first quarter. Business owners had already paid the bulk of the premiums into the New Jersey State Insurance Fund and there wasn’t a lot of cost savings to be realized writing policies mid-year. But with the New
Here’s How to Help Your Customers Switch to a Private New Jersey TDB Plan I’ve discussed on several of my videos recently how fast time moves, and how crucial it is for us all to adapt to selling insurance in the time of Covid-19. Insurance brokers face more challenges than ever before when it comes
We all know 2020 presented major challenges for insurance brokers. I discussed some of these challenges with Charles Callery, Regional VP for Lincoln Financial, and Michael Pelligrino, Lincoln Financial sales representative in the video, “Getting Creative in the Time of Covid-19.” So much has changed this year – but adapting is an important part of
In Addition to NJ Disability Insurance Rate Hike, New Jersey Expands Family Leave Insurance Coverage
Insurance brokers in the tri-state area know that New Jersey recently expanded its NJ disability insurance (TDB) to create one of the most competitive disability coverage packages in the country. The new TDB coverage provides income replacement of up to 85% of a worker’s average weekly salary, capped at $903 per week for 2021. As
Post updated on November 15, 2020 Covid-19 has brought many challenges to business owners, HR directors, and employees across the Northeast. It has also created many questions regarding temporary disability benefits and eligibility. As a trusted insurance broker, it helps to have answers to frequently asked questions regarding temporary disability and long term disability payments.
Last year, the State of New Jersey announced a rate hike and benefits increase for NJ State temporary disability insurance to go into effect in 2020. The first increase took place on January 1, 2020, when the NJ state disability insurance benefit increased to 66.67% of a worker’s average weekly salary to a maximum of
Have your customers privatized NJ temporary disability insurance for potential cost savings and superior customer service? As we reported in October 2018, the State of New Jersey waived the signature requirement for business owners to obtain privatized New Jersey TDB coverage. This opened the door for brokers to write privatized NJ temporary disability insurance to
DBL Center brokers can make tax time easier for their customers Happy New Year! As we get back to the grind after the holiday season, NY DBL insurance brokers may have taxes on their mind – as do their customers. Tax forms, including W-2 forms and third-party Sick Pay statements, are due to employees by
Founded in 1972, ShelterPoint Life, formerly First Rehabilitation Life, has provided businesses in New York with statutory DBL and enriched DBL coverage for decades. ShelterPoint’s Director of Business Development Simon Klarides notes that the book is predominantly small group business of under 100 lives. The insurance carrier also provides ancillary benefits including dental, vision, and
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