Stop Loss insurance provides a safety net for unplanned claims costs by transferring that risk to a fiscally strong insurance company, we can help organizations save money and provide financial security, which allows them to allocate their money toward their missions.
By setting a maximum limit on claim payouts, Stop Loss Unemployment Coverage provides more predictable unemployment costs, making it easier to budget and helps manage the risk associated with self-funded unemployment. This coverage is designed to protect your organization 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 Stop Loss coverage.
Who is Stop Loss Insurance Ideal For?
- Current reimbursing employers with existing budget or reserve for claims.
- Nonprofits with well-managed cash reserves who want to maintain control of funds.
Key Features of Our Stop Loss Insurance
- Customizable Self-Insured Retention and liability limit.
- Payroll is not auditable and payroll remittance is not required.
- Includes services designed to help your organization streamline unemployment processes and lower claims costs to ensure your organization continues to save money over the state tax system.
- Reserve Account Administration is available for our Stop Loss Clients to reduce the administrative burden of paying the state reimbursing charges.
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.