New York Disability Insurance Lawyer Small Business Employer Obligations in New York StateThe New York Disability Benefits Law (NY DBL) is a special section of the New. Review the Small Business Guide to Health Insurance for more information..
 
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This
This is simply a fact. A general priniciple of insurance is that the policyholder sells ri
sk that, to the best of his knowledge, is not higher than the stated circumstances imply. Withholding relevant circumstances or hiding them is selling something that is not what it is represented to be. Analogies are insider trading using material non-public information and making fraudulent (incomplete or false) seller disclosure in a real estate transaction.
Was the disability incurred in the course of performing job-related duties? For example, workers' compensation policies are not obligated to pay claims for disability that is not job-related. Insurance for such risks can indeed be purchased, but because the risks are more inclusive, the premiums are
Was the disability unpredictable (not resulting from previously-known chronic illness)? For example, a potential policyholder seeking a regular individual policy on the open market must warrant that he is in good health and to the best of his own knowledge is not currently HIV-positive. The reason is obvious and is not mere discrimination: Someone who is HIV-positive has an unusually high risk of getting sick and missing work over the next 20 years.

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The important variables regarding claims are listed below. Not every variable matters to every type of disability insurance, but most of these are generally relevant. Was the disability unpredictable (not resulting from previously-known chronic illness)? Was the disability incurred in the course of performing job-related duties? How long is the waiting period before claim payments start? What other insurance policies will pay claims for this event?
 
 
 
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