Nonprofits Insurance Alliance (NIA) Bucks Prevailing Trend in P&C Insurance Market to Protect 501(c)(3) Organizations
December 2, 2020
SANTA CRUZ, Calif.–(BUSINESS WIRE)–Nonprofits Insurance Alliance (NIA), the leading property and casualty (P&C) carrier exclusively serving 501(c)(3) organizations, announced today new coverage for nonprofits: NONPROFITS OWN® Communicable Disease Liability Insurance. Beginning January 2021, NIA members can purchase a sublimited amount of coverage to protect their organizations from liability claims arising from communicable disease.
Easing the Pain for Nonprofits
October 27, 2020
by Insurance Business America
HARD MARKET conditions that intensified through 2019 set the tone early for a difficult 2020 in the nonprofit insurance sector. Commercial carriers began narrowing their appetite, increasing rates and, in some cases, completely exiting the market.
Few Places to Turn – Community nonprofits collide with insurance availability.
September 30, 2020
Nonprofits across the country are receiving nonrenewal notices or policy renewal offers with sharply reduced coverage and double-digit premium increases. Some advocates don’t believe traditional insurance markets understand or appreciate the risks of nonprofits that provide community services. The culprit in the current nonprofit insurance crisis is unsubstantiated insurer concern over high-frequency, high-severity child sexual abuse lawsuits.
Employee Enhanced Flex Work Schedule Announced by Insurer During COVID-19
September 22, 2020
SANTA CRUZ, Calif.–(BUSINESS WIRE)–The nation’s leading insurer exclusively serving nonprofit organizations is implementing the COVID Enhanced Flex Work Schedule program (Enhanced Flex Work) for its employees. Through Enhanced Flex Work, employees have the option to adjust the times during which they are working to accommodate personal circumstances, above and beyond what most employers provide with a traditional flex time program. Balancing work and home demands can be challenging in the best of circumstances, made even more so as the pandemic has upended schedules for school and care providers. Enhanced Flex Work empowers employees to make decisions that are best for their personal circumstance and removes impediments to employee wellbeing, productivity, and ability to meet the needs of NIA members. The program demonstrates NIA’s commitment to fostering a culture of innovation.
How to Build an Insurance Company—or Any Business—with Community at the Center
August 28, 2020
by Lori Widmer – InsuranceJournal.com
It’s a common corporate practice to use philanthropic pursuits to improve both their communities and public images. Some organizations donate both funding and manpower through formal philanthropy programs. Others choose to give regularly to selected charities. But for Pamela Davis, that wasn’t enough. Davis decided to build an organization with the community at the center. Davis is founder and CEO of Nonprofits Insurance Alliance (NIA), a social enterprise and insurance carrier that serves the nonprofit sector exclusively. Built on the premise that business can be a force for good, and nonprofits can join together to build mutually beneficial capabilities, NIA was designed to serve the needs of the community from the start.