Farmers and ranchers have a lot to contend with to remain profitable, ranging from government regulations to the weather. And an illness or injury – to themselves or a worker – can result in lost profits. Carrying statutory short-term disability insurance in New Jersey isn’t just the smart thing to do for commercial farm owners, but it’s the state law.
EZTDB can help NJ farm owners get set up with a private disability insurance plan for less than they might think it costs. New Jersey’s robust plan protects farm owners and their legal, full-time workers against loss of income in the event of an off-the-job illness or injury. Workers and owners receive a portion of their average weekly wage for up to 26 weeks that they are unable to work.
For farm owners, this income replacement disability insurance can be enough to help them keep their farm running and keep their bills paid without significantly tapping into other investments or having to leverage their property for a loan. Don’t put your business, livelihood, and the quality of life you have created for yourself and your family at stake – invest in private disability insurance in NJ.
Private Short-Term Disability vs. the State Plan
Short-term disability insurance in NJ is a statutory benefit, which means you must provide the minimum coverage for yourself and your employees. It’s a shared benefit, which means employees cover part of the costs, pre-tax, out of their paycheck, while employers pay the rest of the premium.
New Jersey short-term disability rates continue to rise disproportionate to the benefits offered, especially in 2020 and 2021.
But here’s a secret most New Jersey farmers and ranchers don’t know: You can write private disability insurance in NJ at a rate that is guaranteed to:
- Cost the same as or less than the state premium
- Provide the same amount of coverage, or better, than the state plan
- Save money
- Get better service
- Receive faster payouts with your choice of payment types
- Bundle other benefits for added savings and convenience
Why wouldn’t you switch to private disability insurance in NJ instead of using the state plan?
Bundle Other Employee Benefits to Remain Competitive
Farming isn’t easy work, and it’s difficult finding ways to show your workers how much you value their efforts. Offering competitive benefits packages can help retain farm workers. And because ancillary benefits can be voluntary and employee-funded, it doesn’t have to cost you a cent out-of-pocket.
Plus, you and your family also benefit from having robust benefits you can turn to when in need.
Think about it: The average price in the U.S. for a pair of eyeglasses in the U.S., according to research by VSP, runs around $351. That’s for basic, single lenses without any protective coating, anti-scratch, anti-glare, or bi-focal or tri-focal lenses. And that’s not including the eye exam.
Yet, vision coverage can cost as little as $70 annually.
Dental care costs run much higher; a good dental plan can help keep families out of debt paying for things like dental surgery, caps, or even braces for the kids.
The insurance experts at EZTDB can help you bundle ancillary benefits like dental, vision, and Group Life/AD&D with your statutory disability insurance in NJ for added cost savings, improved employee retention, and the convenience of having your most important insurance policies under one roof.
We leverage our 40-plus years of industry relationships with top carriers to get you the best deals and white-glove service.
We Provide a Disability Insurance Plan That Is Just Right For Your Farm or Ranch
Many insurance carriers offer disability insurance in NJ for farmers and ranchers but choosing the best benefits plan doesn’t need to be expensive or confusing. We make it easy by showing you how much you can save – and how much more value you can receive – with a private disability plan in NJ.
Reach out today to learn how easy it is to switch to private disability insurance in NJ.