ShelterPoint
ShelterPoint is a medium-sized insurance company founded in 1972, headquartered in Garden City, New York. It specializes in group insurance, statutory disability, and ancillary employee benefits, serving over 1.9 million members across 50 jurisdictions.
Company Overview
ShelterPoint is a medium-sized business operating in the insurance industry, founded in 1972. The company is headquartered in Garden City, New York, and employs a team of 157 professionals. ShelterPoint describes its mission as 'Sheltering you,' reflecting its commitment to providing comprehensive insurance solutions. The company has established itself as a leader in group insurance, particularly in New York statutory disability and ancillary employee benefits.
Insurance Products
ShelterPoint offers a broad portfolio of group benefits, including statutory short-term disability insurance, Paid Family Leave (PFL), and ancillary employee benefits. The company provides various insurance products such as 24-Hour Accident, Short-Term Disability, Term Life, Vision, and Medical Gap insurance. Additionally, ShelterPoint offers FlexLine Insurance with flexible participation options and BaseLine Insurance, which is designed for fully employer-funded groups with 100% participation.
Specialties
ShelterPoint specializes in several key areas within the insurance sector. These include Group Insurance, New York statutory disability (DBL), ancillary employee benefits, and New York Paid Family Leave (PFL). The company also provides private plan options for state-mandated benefit needs, covering various jurisdictions including New York, New Jersey, Massachusetts, Connecticut, and Colorado. This specialization allows ShelterPoint to cater to diverse client needs effectively.
Acquisitions and Growth
In 2014, ShelterPoint Life acquired ShelterPoint Insurance Company, formerly known as JM Insurance Company. This acquisition enabled the company to expand its reach to include a Florida-domiciled carrier, enhancing its operational capabilities. ShelterPoint is licensed to operate in 50 jurisdictions, demonstrating its extensive regulatory compliance and operational reach across the United States.
Customer Base and Services
ShelterPoint insures over 1.9 million members, indicating a significant customer base and trust in its insurance products. The company operates through a distribution model that relies exclusively on independent agents and brokers, ensuring personalized service and local expertise. ShelterPoint provides a statutory benefits center for state-mandated short-term disability and paid family leave programs, along with an interactive state comparison guide and a claim portal for managing claims.
