Convenient Online Payment Plans Are Available
Brokers and nonprofit clients can make payments online on NIA’s secure Broker Portal or Member Portal.
To enhance the ease of doing business with NIA, two payment plans are available.
Insured by NIA:
Boys & Girls Clubs of Garden Grove
Garden Grove, CA
Direct Bill Payment Plan
For direct-billed accounts, nonprofit clients can easily make a payment through the secure Member Portal or set up automatic monthly payments.
For Policies Effective On or After 1/1/2025:
There are now four different direct bill payment options:
- 11 Monthly Payments
- Down payment: 17.5% of the annual premium
- Ten monthly payments: 8.25% of the annual premium
- Quarterly Payments
- Down payment: 30% of the annual premium
- Three quarterly payments: 23.33% of the annual premium
- Biannual Payments
- Down payment: 50% of the annual premium
- One additional payment: 50% of the annual premium
- Annual Payment in Full
- One annual payment
For Policies Effective Before 1/1/2025:
The direct bill payment plan consists of nine installments billed over nine consecutive months.
- 20% of the annual premium is due from policy issuance date billed on the first Member Statement. NIA pays commissions to the agency in full after receiving the 20% down payment.
- The subsequent eight monthly installments are each approximately 10% of the annual premium.
EXAMPLE: $5,000 in total premium would have a down payment of $1,000 with eight installments of $500.
Please note: any changes in premium will adjust the monthly installment amount. Alternately, members can opt to pay the full balance at any time.
IMPORTANT: Late-bound policies and amendments in premium may affect your payments.
Please note: any changes in premium will adjust the monthly installment amount.
Agency Bill Payment Plan
For agency-billed accounts, multiple invoices can be paid at once online on the Broker Portal.
- Net balance is due within 30 days of the policy effective date.
- Billing invoices are available on the Broker Portal.
- Monthly broker statements detailing open invoices are emailed to the agency billing contact.
Question:
Should I expect to send payment prior to binding/issuance?
No. NIA doesn’t bill until the policy is bound and issued.
Common broker tools.
These are the most common tools for NIA-appointed brokers.
Your questions answered.
Great job on making it this far. Have some final questions? Here are the top questions NIA hears from brokers. There’s more where this came from, too.
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.
Yes. Nonprofits Insurance Alliance (NIA) is conservatively reinsured by a group of highly rated reinsurers.
Go to the Claims page to report a claim.
There are many different types of nonprofit organizations, but only federally tax-exempt 501(c)(3) nonprofits qualify for membership with Nonprofits Insurance Alliance (NIA).
NIA insures many types of nonprofits. Find out more about NIA’s appetite.
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.