Commission percentages are based on total premium written.
Brokers receive 50% of Safety Group administration fees for the first three policy periods and 20% to 30% thereafter, depending upon volume.
New York State Insurance Fund bills the premium directly and Friedlander Group bills their service fee.
Friedlander Group does not sell any other forms of insurance, other than NY DBL. Friedlander Group does not solicit your accounts. All brokered accounts are coded so that no solicitation mail is ever sent to your client.
35% is the maximum discount for new safety group business and 25% on renewal.
Dividends are paid approximately nine months after the groups’ expiration dates directly from the New York State Insurance Fund.*
No, the New York State Insurance Fund issues the checks directly to the policy holder.
Yes, Friedlander Group keeps brokers informed by sending copies of these documents to our broker partners.
Yes, provided that there are no more than two executive officers and they own 100% of the outstanding stock. If so, both executives can be excluded or only one can be excluded.
Yes, but not in every situation. Call Cosmo Preiato for details at 914-694-6000, ext. 203
No, members of a LLC are automatically excluded, the same way partners or sole proprietors are, unless they elect to be included. In this case, an executed Election for Inclusion form must be executed.
Have other questions? Contact us!
VP of Brokerage Sales & Client Relations