1. NIA is really a 501(c)(3) nonprofit.
Unlike its competitors, NIA is a 501(c)(3). That means NIA understands the specialized coverages nonprofits need for the unique risks they face — and actively looks for ways to provide it.
Encouraged by the initiative and impact of insured nonprofits on their communities, NIA’s responsive teams are available even before a claim is filed.
2. NIA reinvests in nonprofits (dividends).
NIA has a dividend plan that issues dividends to members based on premiums paid during the dividend period, length of continuous coverage, and favorable claims experience, which its excellent risk management and loss control resources help you to create.
Since 2007, NIA has returned $44.1 million in dividends to the nonprofit sector!
3. NIA invests responsibly (ESG).
ESG (environmental, social, and governance) investing refers to three areas through which NIA — a nonprofit, just like you — measures its ethical impact.
That means NIA considers what companies are doing to the planet, environment, human rights, and animal welfare before NIA will consider investing in them.
NIA has an active approach to ESG investing — doing more than identify organizations that aren’t in line with its mission.
Instead of simply screening out organizations that conduct business in a way that’s unhealthy for the planet, NIA will actively evaluate whether the businesses in which it invests are the best in class — basically, whether they’re conscious of the environment (such as reducing pollution) or implementing better employment practices.
4. Dollars go into producing resources for nonprofits.
NIA’s drive to help nonprofits is infused into the philosophy of every aspect of its business.
You might already know that NIA provides free and discounted resources to our members, but even for the sake of (self) promotion, NIA brings nonprofits educational resources, such as an assortment of popular and easy-to-read, risk management e-books, rather than gimmicky plastic “gifts” like pens and mugs that add to the pollution in the oceans — you won’t find anything gratuitous or impractical at NIA’s conference booths.
5. NIA has exclusively served 501(c)(3) nonprofits for 35+ years.
NIA formed at a time when the nonprofit sector was in the middle of an insurance crisis. And since then, NIA has operated for 35+ years. All organizations comprising NIA are rated A (Excellent) by AM Best.
When for-profit insurance companies were refusing to insure nonprofits, nonprofits knew they had to insure themselves. One of the most important objectives on which NIA formed was to give nonprofits control of this important financial resource. That’s why NIA is pleased that 27,000+ members have joined.
Are you ready for an insurer that’s — finally! — a nonprofit like you? Get a quote!
