Insurance for life’s unexpected events

Disability

No one plans on becoming disabled, but for millions of Americans, it’s a fact of life. Having disability insurance in place provides you with the peace of mind of knowing your bills will be paid without the need to deplete your savings or rely on the generosity of your family members. Both long-term and short-term disability insurance options are available, and both pay you a percentage of your income while you’re unable to work. Group disability insurance policies are typically available for most nonprofits with three or more employees, and they can be very affordable. Our agents can work with you to determine the type of policy that suits your needs.

Voluntary/Supplemental

Voluntary insurance includes policies above and beyond those offered to your employees as part of a standard benefits package. Supplemental insurance coverage is designed to provide additional coverage and to fill in “gaps” where other types of insurance may fall short. We offer several different types of voluntary and supplemental coverage options, including:

  • Short-term disability
  • Term life and universal life insurance
  • Accident insurance
  • Cancer insurance
  • Critical illness insurance

Most products offer coverage for an employee’s spouse and dependent children, and benefits are paid directly to the covered employee. And, most products offer benefits no matter what other type of insurance you may have.

Unemployment

Unemployment Services Trust is a grantor trust created by and for nonprofit organizations to provide unemployment benefits to former employees. Since 1970, 501(c) 3 organizations have been allowed to opt out of the state unemployment tax system, resulting in substantial savings for the nonprofit without diminishing the benefits available to its former employees. To participate in UST, your nonprofit will complete an application form and submit it to the UST. In the first two years of participation, your nonprofit receives a guaranteed contribution rate. In the third and future years of participation, rates are determined annually based on claims paid. Understanding how the UST works and how it benefits your organization can be confusing. Contact an agent to learn more.

Offering a wide range of insurance products is a powerful way to position your nonprofit as a caring employer, a move that can help you improve employee morale. If you’d like to learn more about these and other options provided by Colorado Nonprofit Insurance Agency, call us today at (866) 537-1142 or fill today.