It’s really very simple; we charge a fair and sustainable price for the coverages nonprofits need. Our members know that they need not worry about wild price fluctuations from year to year with us.
Of course, a nonprofit that is growing will present a higher risk profile through new activity and can expect a commensurate increase in premium to reflect that growth. And sometimes, we need to increase prices on certain types of coverage because of changes in the environment. For example, since 2007, we have noticed a significant and sustained increase in the cost of Employment Practices claims. While this is more pronounced in California, it is a trend nationwide. When we find it necessary to increase prices to protect our members from changes like this, we let our brokers and our members know about the anticipated increases well in advance to allow them to budget properly.