What does State Unemployment Insurance mean? Read on to discover the definition & meaning of the term State Unemployment Insurance - to help you better understand the language used in insurance policies.
State Unemployment Insurance
State unemployment insurance is a temporary source of income for those who become unemployed due to external factors. Workers who quit or are fired are usually not eligible for unemployment benefits. Moreover, self-employed workers cannot receive benefits either and therefore must rely on their own funds to support them when work is not available. How much an unemployed worker receives depends on their previous incomes and time spent in the workforce.
We hope the you have a better understanding of the meaning of State Unemployment Insurance.