“Reimbursing” employers reimburse the state dollar for dollar for unemployment benefits paid to their separated employees instead of paying SUI tax, potentially saving 30% or more each year versus the taxpaying alternative.
Through this first-of-kind admitted insurance program, reimbursing employers can transfer unemployment reimbursement risk to a financially secure company and allocate the tax savings towards their nonprofit mission
- Coverage Options: First Dollar Insurance or Stop-Loss Insurance with a negotiable SIR
- Must have at least $1M in payroll (typically 15+ employees)
- Available countrywide except NY
- Offered through an insurance company rated “A+” (Superior) by A.M. Best Company.
Coverage is summarized. Refer to the actual policy for a full description of applicable terms, conditions, limits and exclusions.
SUBMIT YOUR CONTACT INFORMATION AND LET US SHOW YOU MORE!