Top 10 Reasons 501(c)(3) Nonprofits Rely on NIA

Discover what more than 26,000 nonprofits already know!

Nonprofit organizations deserve an insurer that understands their needs, provides fair prices, and helps them to better serve their communities.

Here are just 10 of the reasons why Nonprofits Insurance Alliance (NIA) is the provider of choice for more than 26,000 nonprofit organizations across the country.

An adult and child pose with a starfish

Insured by NIA:
Sister League of San Diego
San Diego, CA

1. Mission.

NIA was founded to serve 501(c)(3) tax-exempt nonprofit organizations by providing fair and equitably priced insurance tailored to the specialized needs of the nonprofit sector, and to assist these organizations to develop and implement successful risk management programs.

2. Experience.

When NIA started 30+ years ago, nonprofits were having trouble finding coverage appropriate for their needs — at any price.

Today, NIA insures more than 26,000 nonprofit organizations in 32 states and the District of Columbia, a number that grows every day!

3. Commitment.

Nonprofits insured by NIA get a long-term partner who will stand by them and provide fair and equitable pricing for their insurance needs as well as claims service that exceeds expectations.

Once nonprofits find NIA, they rarely leave. NIA’s 95% retention rate ranks well above the industry standard.

4. Financial Strength.

All NIA companies are rated A (Excellent) by AM Best and are reinsured by a group of highly rated reinsurers. With more than $700 million in assets, NIA is a leader in the insurance marketplace for nonprofits.

5. Inspired Service.

Whether it’s a claim issue, a payment question, or assistance with training or resources, NIA members can easily reach a live, friendly professional to assist with their requests.

NIA is a nonprofit itself, so there’s no stockholders looking for bottom-line profits — the sole mission is to benefit 501(c)(3) nonprofits NIA insures.

6. Member-governed.

NIA is governed by the nonprofits it serves! NIA’s volunteer board members are elected annually by its insured nonprofits.

This diverse group of leaders consists of nonprofit executives from member nonprofits as well as volunteer experts in areas of finance, law, and insurance.

7. Member Benefits.

Nonprofits get more than just an insurance policy from NIA — they also get valuable services to help them accomplish their missions! NIA offers practical, easy-to-use tools and training to help nonprofits run safe, efficient, and effective organizations.

Most of these services are free and some are highly discounted, saving nonprofits significant dollar amounts that they can use toward their causes, clients, and communities.

8. Dividends.

NIA maintains financial resources at levels to meet or exceed the obligations in insurance contracts with members, and whenever possible, shares better-than-anticipated financial outcomes with members!

Since 2007, NIA has returned more than $50 million to California members and is working hard to also be able to pay dividends to members in other states.

9. Foundation-backed.

The David & Lucile Packard Foundation, the Bill & Melinda Gates Foundation, and several other forward-thinking foundations saw the potential of NIA founder Pamela Davis’ vision.

Their multimillion-dollar support helped create NIA’s innovative model that is now setting the standard for liability and property insurance products and services for nonprofit organizations.

10. Leadership.

NIA is all about strengthening the nonprofit sector: Purchasing liability insurance through NIA keeps nonprofit dollars working for nonprofit organizations and serving their communities.

Nonprofits are stronger together!

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.