DBL Center Writes Paid Family Leave in New York and Boston

P&C and health insurance brokers can benefit from untapped profit potential
By: Insurance Wholesaler
MELVILLE, N.Y. - Oct. 29, 2019 - PRLog -- DBL Center specializes in statutory short-term disability benefits in New York, New Jersey, and beyond, announces the expanding availability of paid family leave benefits across the Northeast.

New York Increases PFL Benefit for 2020

Insurance brokers in New York should already be aware of Paid Family Leave, which is written as a rider to mandatory DBL (Disability Benefits Law) insurance in companies with more than one employee. Paid Family Leave covers paid time off to:
  • Care for a family member with a serious health condition
  • Take care of family when a partner is called to active duty in the U.S. military
  • Bond with an infant/newly adopted child
Introduced in 2018, in 2020 PFL benefits will increase to 60% of an employee's average weekly wage (AWW) for up to 10 weeks of leave.

Massachusetts Reveals Plans for Paid Family Medical Leave

MA PFML, slated to start January 1, 2021, is written independently. Brokers in the Northeast can create additional, ongoing revenue streams and expand their book of business through the sale of this new benefit.

Businesses can opt to write PFML through the state or apply for a private plan exemption to secure coverage through top-rated private carriers. A consultative selling approach can help brokers guide business owners through the process and showcase the benefits and potential cost-savings of writing PFML through a private carrier.

DBL Center Offers Expert Guidance

At the forefront of PFL coverage in New York State, DBL Center has the expertise and industry knowledge to help brokers embrace these new benefits. With tech-savvy, broker-focused approach to wholesale insurance sales, DBL Center provides white-label, white-glove back-office support and low premiums thanks to relationships with multiple carriers.

"As legislators recognize the importance of providing support for working families, brokers can embrace the profit potential in family leave benefits in New York and Massachusetts," said DBL Center President and CEO Michael Cohen. "Our PFL Resource Center provides a detailed overview of these programs, while our DBL and PFL experts are standing by to help brokers provide the mandatory benefits their clients need and, at the same time, create recurring revenue streams."

About The DBL Center Ltd.

With 40+ years in the insurance industry, The DBL Center services 100,000 insured corporations through 4,000 brokers across 15 states as a wholesale insurance general agency. The DBL Center specializes in Disability Benefits Law (DBL) and PFLA (Paid Family Leave) coverage in New York, Temporary Disability Benefits (TDB) in New Jersey, and Temporary Disability Insurance (TDI) in Hawaii. For more information, visit InsuranceWholesaler.net, call 800.325.2777 or connect with us on LinkedIn.

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