With our first-of-kind admitted insurance program, organizations can transfer their unemployment risk to a fiscally strong carrier and take advantage of services that can help manage unemployment costs and most importantly — stay in compliance, and save time and money, which allows them to allocate their money toward their missions.
First Dollar Unemployment Insurance is designed to protect organizations from the volatility caused by economic fluctuations and internal organizational decisions. Unemployment claims may be unavoidable, but you can still protect your assets and cashflow as a reimbursing employer with first dollar coverage.
Who is First Dollar Unemployment Insurance Ideal For?
- Organizations still in the state UI tax system – URS will work with you to determine if opting out is the best option and help you file the required state paperwork.
- Existing reimbursing employers that experience claims volatility that makes budgeting for claims costs difficult.
- Risk adverse reimbursing employers.
Key Features of Our First Dollar Unemployment Insurance
- Coverage attaches immediately and provides greater budget certainty.
- Payroll is not auditable, and payroll remittance is not required.
- This coverage includes services designed to help your organization streamline unemployment processes and lower claims costs to help ensure your organization continues to save money over the state tax system.
Learn more about our Administrative Services on our Services page.
Download our comparison chart to see which program offers the coverage and services you need.