Insurance

 

First Nonprofit Group

Massachusetts Nonprofit Network has partnered with First Nonprofit Group of AmTrust Financial Services (rated “A” Excellent) to provide state compliant, individually insured, cost-saving options to satisfy SUTA (State Unemployment Insurance Tax) requirements of its 501c3 nonprofit and government members.

How First Nonprofit Helps:

Nonprofit, governmental, and tribal entities can choose to cover their mandatory unemployment costs in one of two ways: Paying the State Unemployment Insurance Tax (SUTA) or through reimbursement financing (self-insurance). This financing method is a legal right available only to these organizations to opt-out of paying SUTA and reimburse their state unemployment agency dollar-for-dollar for unemployment claims paid only to their former employees.

Opting out of SUTA can save money but this option subjects organizations to potential risks such as unexpected loss of funding or program closures that can lead to layoffs. First Nonprofit Group provides a variety of both safe and cost-saving solutions to paying SUTA and self-insurance.

Who First Nonprofit Serves:

Nationally, nearly 2,000 nonprofit, governmental, and tribal organizations rely on First Nonprofit to reduce, manage and safeguard their budget from uncertain unemployment insurance expenses.

Summary of Benefits:

Massachusetts Nonprofit Network members will receive an additional 20% discount on the one-time enrollment fee!  

  • 25%-50% savings over State Unemployment Taxes (SUTA)
  • Full or partial insurance coverage
  • No pooling or shared risk
  • Fixed annual cost (four equal quarterly payments)
  • Professional claims management with representation at all hearings

 

 

Fill out this application to receive a free quote!

Contact Cecilia Piazza, Vice President, at cpiazza@firstnonprofit.com with any questions.