Take advantage of the tax benefit granted to you via the risk management and unemployment
savings programs offered by UC Assure.
Statistics have shown that nonprofit organizations, on average pay, $2.20 in taxes
for every $1.00 incurred in claims (120%).
By insuring your unemployment obligations with UC Assure coverage, precious funds
can remain directed toward your mission and goals. UC Assure offers you the ultimate
peace of mind by providing complete coverage from the very
first dollar paid out to former employees, or allowing organizations to
continue self-insuring but limiting liability with
excess or stop gap coverage.
Included with most UC Assure coverage options are
claims administration, benefit charge auditing, unemployment hearing representation
and a host of other value added services. These help your organization save not
only money, but time investment as well by streamlining your internal processes
and allowing the experts to manage the program on your behalf.
Once UC Assure helps your organization opt out of the state unemployment tax system,
you will realize considerable savings because your costs, via a tax rate, are no
longer affected by other employers. The state assesses a supplemental percentage
on all employers’ tax rate to pay for those who have higher claims experience or
don’t pay enough into the state fund to meet their unemployment obligations. Additionally,
the concerns of increased SUI wage bases and higher tax rates, caused by insolvent
state unemployment insurance funds and the states’ escalating administrative program
expenses, are alleviated.
A fixed annual rate is determined for each organization based on its own unemployment
claims and payroll history. This individualized rate allows for budgeting and cost
allocation certainty. UC Assure assumes your liability and reimburses the state
on your behalf. Expected unemployment costs are managed to a minimum level; plus,
organizations’ assets are protected in the event of unforeseen unemployment expenses
with UC Assure’s coverage.
Reimbursing or Self-Insuring
UC Assure offers employers who are currently reimbursing or self-funding, several
unemployment coverage options that afford budget protection. The uncertainty and
risk associated with self-funding will no longer be a concern. By adding a layer
of insurance, UC Assure limits your unemployment liability expenditures. Economic
periods experiencing elevated unemployment cause reimbursing organizations forecasting
and budgeting difficulty. Insuring your unemployment program eliminates these worries
and helps manage the risk. Additionally, UC Assure can further reduce costs through
our expert claims services which simplify your internal administrative processes
and reduce administrative time allocation.
UC Assure is available for independent insurance agents to offer their 501(c)(3)
and public entity clients. Contact us to learn more
about our cost savings unemployment insurance products and how partnering with UC
Assure can add a valuable line to your existing suite of coverages.