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Are there any payment plans available?
Every policy is eligible for a payment plan upon request. A 25% down payment is required, after which NIA can split up the rest of your payments over the next 9-10 months.
Are there additional fees beyond dues?
There are no additional fees beyond dues. No membership fees. No handling fees. No interest fees. No taxes.
What’s Insurance 101 for Nonprofits?
What are the minimum annual premiums by line of coverage?
If you've got a brand-new nonprofit, or if you're thinking about starting one and just doing research for your budget, you may be interested in the minimum annual premiums for all the insurance coverage that NIA offers.
Your insurance quote will most likely differ, as your premium will be entirely defined by your nonprofit’s own level of risk.
Note: These minimum numbers are provided for informational purposes only.
Does NIA write new ventures?
Yes! In fact, NIA writes many organizations that are just starting out.
Just confirm you’ve applied for your organization's 501(c)(3) status by submitting to NIA a copy of your completed application and proof of payment to the IRS.
Note: You will be required to have your 501(c)(3) status within one year of purchasing coverage.
What if I filed a claim and it wasn’t covered?
In the event a filed claim is not covered, work with your insurance broker to make sure that all of the facts and circumstances surrounding the claim have been properly communicated to NIA.
Lack of coverage is sometimes applicable to incidents such as:
- When the date of loss falls outside of the policy period
- When coverage is specifically excluded in the policy
- If there is no damage element to the claim
Check with your broker to see if there may be other applicable policies you have to make the claim against.
The policy covers defense costs. Can we choose our own attorney? May we select an attorney from NIA’s counsel panel?
NIA's policy is a right and duty policy. Therefore, NIA chooses counsel to represent the insured from our defense panel, appropriate for each type of claim.
NIA uses its extensive experience working with nonprofits to select counsel appropriate for each claim.