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We have had a few issues recently with regard to employees trying to figure out how to apply for NJ Short Term Disability. New Jersey, New York and Rhode Island are the only states that require employers to have this coverage. The NJ form (WDS-1) is available from the NJ State website. This form has all the detailed instructions for the EMPLOYEE to file a claim. The 3 part form needs to be filled out by the employee, employer and doctor. Submission is required within 30 days of the disability. We will make the form available on our website you can also contact my office for the form. As with most forms that deal with claim issues timely filing is most important.

I am asked this question thousands of times annually by small businessmen. Here are the rules, they apply if you own or operate a business in New Jersey. If you have an employee and pay wages you are required to obtain Workers Compensation. All Corporations operating in New Jersey must obtain workers compensation regardless if you have employees. Partnerships or LLC must obtain workers compensation if you have employees, owners for those entities can exclude themselves. If you cannot obtain coverage from an insurance carrier, the State will assign one to insure you. Rates are set by the State based on the employee’s duties. All rates will be the same regardless of the carrier. These are the basic rules, I would be glad to any question you might have about your business. Drop me a line alan@cgbins.com.

As a business owner you must remember why you have a group benefits plan. Yes, it provides coverage for you and your family and of course your employees, but it is a great tool for recruiting and retaining GREAT talent. What you have to remember to do is let your employees know exactly what the cost is. I am amazed when I speak to employees of companies where the employer pays the ENTIRE cost of the health insurance, that they do not know what the cost is. If the employee fails to understand the value of the benefit, it is a worthless benefit. You can send them a notice at the end of each year letting them know how much you spent for their share of the benefits. They will start to think twice about moving to another job where the benefits are not as rich or the employer does not pay a greater share.

I wanted to make all employers that have workers in New York State aware that they need a separate policy for Disability. Unlike New Jersey where Workers Compensation and Disability in incorporated in the same policy Disability in New York is written on separate paper. This issue has caused many employers to incur huge penalties and fines. The policy is quite inexpensive and is based on the number of male and female employees one has working in New York. Minimum premium is around $45.00 annually. New York is very harsh on employers that are unaware of this policy and $1000 for every 10 days of non compliance is charged. I have seen fines and penalties as large as $99,000. A call to your insurance agent can get you in compliance in a few minutes. Technology Insurance Associates offers this policy , give us a call or fill out the inquiry form on our website. We are glad to help.

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