64%: That is how much state unemployment taxes (SUTA) per employee have increased since 2009. The time is NOW to review your options!
Nonprofits, Tribal Nations, and governmental entities are required to pay for unemployment claims in one of two ways:
1. State Unemployment Insurance Tax (SUI)
2. Reimbursement Financing
There is a safe alternative to paying the UI tax and self-insurance.
First Nonprofit offers two different unemployment insurance programs:
Unemployment Savings Programs
- Lower cost than the SUI Tax
- Fixed annual cost
- An interest-bearing, proprietary reserve account owned by the nonprofit
- Stop loss insurance for each individual member account
- No pooling or shared risk
- Professional claims management
- Representation at all hearings
Bonded Service Program
- Lower cost than the SUI Tax
- Fully insured, guaranteed cost coverage
- Fee set at a percentage of gross payroll
- Experience Credits for positive claims performance
- Multi-year coverage options
- Professional claims management
- Representation at all hearings
