Unemployment Risk Solutions (URS) provides a cost-effective alternative to paying state unemployment taxes so nonprofits, tribal and public entities can save money and allocate more time towards their mission.
With our innovative, first-of-its-kind admitted insurance program, eligible employers can secure customized, cost-saving risk transfer alternatives to the state unemployment system. Our tailored solutions not only help reduce financial burdens but also can help you achieve peace of mind, allowing organizations to allocate more resources towards making a positive impact in their communities.
Great American Insurance Group has provided insurance to nonprofits for over 40 years. Our policies are issued by Great American Insurance Company, an admitted carrier that is AM Best “A+” (Superior) rated.
Unemployment Insurance Solutions
Are you overpaying state unemployment insurance (“SUI”) taxes and inadvertently supplementing other employers within the state unemployment program?
Nonprofit, tribal and public employers may be overpaying state unemployment taxes and supplementing other employers within the state unemployment program. Federal law allows these employers the option to opt out of paying SUI taxes and instead reimburse the state for unemployment benefits paid to their separated employees.
Unemployment Risk Solutions can help determine the best option for organizations and help save money by transferring risk to a fiscally strong insurance company, which allows for allocation of more money toward mission driven initiatives.
Coverage begins immediately and provides greater budgetary certainty with set quarterly premiums and optional Experience Refund Endorsement.
Designed to meet individual needs and risk tolerance, this coverage attaches after an agreed upon self-insured retention has been met.
Great American can place bonds in the 18 states where a surety bond is required to register as a reimbursing employer. You can choose to purchase a standalone surety bond or in combination with our First Dollar or Stop Loss insurance programs.
In New York, a reimbursing employer unemployment bond is available on a stop loss basis. Through the utilization of Reserve Account Administration, Great American will pay the state for all benefits on behalf of the employer up to the stop loss self-insured retention.
Why Choose Us?
- Unemployment Costs Savings: Lower your unemployment costs and redirect funds to your core mission.
- Tailored Solutions: Customized plans that fit your unique needs and budget.
- Support: Navigate the complexities of unemployment risk management with our dedicated team of specialists.
- Mission-Driven Focus: Spend less time on administrative tasks and more time on what truly matters—your mission.
Take the First Step Toward Working with Us
Great American has more than 40 years of experience serving nonprofits.
Unemployment Insider: Unemployment Information and Insights
