Nonprofit organizations 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
