Statutory Disability Benefits (DBL) is mandatory for all New York State corporations. DBL is designed to provide temporary cash payments to a worker if he or she is disabled OFF THE JOB by an accident or illness that does not arise out of or in the course of employment. The circumstances that DBL is paid under are; to a disabled actively employed worker to partially replace wages lost during a period of disability, or to an unemployed worker to partially replace unemployment insurance benefits lost because of illness or injury.

Weekly cash benefits equal 50% of a claimant's average weekly wage, to a maximum cash benefit of $170.00 per week. There are plans that provide benefits in excess of the statutory minimum. These would include higher minimum weekly benefits and higher benefit percentage. Benefits can be paid for up to 26 weeks of disability during any consecutive 52 week period. For employed workers, there is a seven-day waiting period for which no benefits are paid. On the 8th day, benefits for employed workers begin. These benefits are subject to Social Security and withholding taxes.

Available through FILCO, Presidential Life Insurance Company, New York domiciled company licensed in 48 states and the District of Columbia. The company rating is A- (excellent) by A.M. Best.

For additional questions please contact us at dbl@filco.net.