Good for nonprofits and good for brokers, too.
Nonprofits Insurance Alliance (NIA) is committed to providing fair prices and reliable insurance coverage to 501(c)(3) nonprofit organizations.
Here are just some of the reasons brokers can benefit from recommending NIA to their clients.
Insured by NIA:
Big and Small Tortoise Rescue and Sanctuary
Ames, IA
1. NIA is recognized as the best overall insurer for 501(c)(3) organizations.
NIA is the nation’s leading insurer exclusively serving 501(c)(3) nonprofits.
The industry knows it, too: Investopedia recognizes NIA as the best overall nonprofit insurance provider because of its specialized nonprofit policies, strong customer retention, and abundance of free and discounted member resources.
2. NIA’s retention rate is 95%. That’s very good for brokers.
The nonprofits insured by NIA are also called members. And members love NIA!
More nonprofits stay with NIA, making nonprofit accounts insured with NIA a stable and important addition to the overall mix of business for brokers year after year.
NIA also offers member-insureds multi-year auto renewal policies, enhancing brokers’ ease of doing business with NIA.
3. NIA is a pioneer in offering specialized insurance for your clients before anyone else.
Among NIA’s innovations is coverage for communicable disease.
NIA was also the first to offer Improper Sexual Conduct and Physical Abuse Liability insurance separately from Commercial General Liability.
4. NIA offers unique, innovative insurance coverage.
NIA’s insurance products are designed with the needs of nonprofits at the forefront.
Several factors are considered to anticipate and respond to the needs of nonprofits, such as changing laws and the state of the market.
NIA works tirelessly to make sure nonprofits have specialized coverages tailored to their unique needs.
5. NIA’s expertise with 501(c)(3) nonprofits helps you put your best foot forward.
NIA has 30+ years of proven expertise insuring nonprofits. Nonprofits are all NIA does. NIA understands 501(c)(3) nonprofits because it is a 501(c)(3) nonprofit.
NIA knows the challenges nonprofits face, and its purpose is to provide affordable insurance that allows nonprofits to keep their doors open.
6. NIA is a constant market for your clients.
Commercial insurers may be in and out of the market, but NIA offers affordable rates year after year, which benefits the tight budgets of nonprofits relying on complex funding streams.
And, NIA doesn’t change its appetite to follow market trends.
7. NIA’s appetite is broad to cover your clients.
NIA writes 501(c)(3) nonprofits of all sizes, from startup organizations to the largest nonprofits in the country.
8. NIA offers free and discounted member resources to your clients.
Based on their coverages and eligibility, your clients benefit from practical services such as emergency communication software, a web-based tool to streamline board governance, screening services, and more.
NIA also offers employment consulting services to eligible members, as well as driver training, sexual harassment prevention for supervisors, and webinars covering various topics.
NIA’s member resources are tailored to meet the needs of nonprofits.
9. NIA’s claims philosophy puts your nonprofit clients first.
One of the main components of NIA’s claims philosophy is to look for coverage, not for ways to decline claims.
NIA exists to advocate for the nonprofit sector, and looks thoroughly into the policy language for the potential to provide coverage.
NIA doesn’t manufacture coverage, but won’t hesitate to help members if possible.
NIA is often involved with claims handling at the incident stage, prior to the presentation of a formal claim, which benefits the member-insured and sets NIA apart from commercial carriers.
10. You’re working with a well-regarded insurer.
All insurers in the NIA group brand are 501(c)(3) nonprofits with an AM Best Rating of A (Excellent). NIA’s financial strength makes it the insurer of choice for nonprofits.
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.