Businessowners Property

Smarter, customized property protection for nonprofits.

Modified BOP with generous features including business income and extra expense coverage on an actual loss sustained basis for 18 months.

Even small nonprofits without owned property find this coverage attractive.

Note: NIA’s Commercial General Liability is required if you want to purchase this coverage.

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Insured by NIA:
Westbury, NY

Highlighted features of NIA’s Businessowners Property coverage.

All included with the enhanced endorsement.
Items with * are offered upon request and at additional charge.

  • Coverage is written on special modified BOP form
  • Deductible amounts of $250, $500, $1,000, $2,500, $5,000, and $10,000 available
  • Low minimum premium
  • Employee/Volunteer Dishonesty coverage available on a specified limits basis (limits up to $500,000)
  • Business Income and Extra Expense restoration periods – 18 months*
  • Green upgrades coverage*
  • Equipment breakdown protection and building ordinances coverage*

Businessowners Enhancement Endorsement.

Nonprofits In CaliforniaNonprofits Outside California
Accounts Receivable$100,000 $50,000, except $26,000 while in transit or at a temporary location
Arson, Vandalism and Deliberate and Malicious Acts Reward$5,000 10% of amount we pay, subject to a maximum of $5,000
Increased Cost of ConstructionIncreased from $10,000 to 25% of Building Limit of Insurance or $150,000, whichever is lessIncreased from $10,000 to 25% of Building Limit of Insurance or $100,000, whichever is less
Electronic Data$26,000 $10,000
Valuable Papers and Records$100,000 $26,000, except $10,000 while in transit or at a temporary location
Water Damage$35,000 $26,000
Business Income – Ordinary PayrollIncreased from 60 days to 120 days
Business Income from Dependent PropertiesIncreased from $5,000 to $50,000
Business Income Period of RestorationIncreased from 12 consecutive months to 18 consecutive months
Earthquake Sprinkler Leakage$10,000
Fire Department Service ChargeIncreased from $2,500 to $26,000
Fire Extinguisher Systems Recharge ExpenseIncreased from $5,000 to $26,000 in any one occurrence
Interruption of Computer Operations – business income and extra expense due to cyberattack – virus, harmful code or similar attack$26,000N/A
Interruption of Utility Services or Off-Premise Power Failure$26,000
Lock and Key Replacement$2,500
Newly Acquired Or Constructed Property90 days60 days
Outdoor Property – Fences, retaining walls not a part of a building, radio and television antennas, and signs$50,000, except $26,000 for signs
Outdoor Property – Lawns, trees, shrubs and plants$10,000, but not more than $1,000 for any one tree, shrub or plant
Personal Effects$26,000
Personal Property Off Premises$250,000
Pollutant Clean Up and RemovalIncreased from $10,000 to $26,000

* Limits may differ in some states. Please review your quote and policy carefully.

Coverage checklist

This PDF allows you to print and compare coverage features with your clients.

Policy forms

Available for appointed brokers only on the NIA Broker Portal.

List of coverages:

Here’s the menu of NIA’s nonprofit insurance offerings.

Note: NIA’s Commercial General Liability coverage is required if you want to purchase any other coverages from NIA.

Commercial General Liability

Coverage for a wide range of negligent acts which result in bodily injury, property damage, personal injury, or advertising injury. Liquor liability included at no extra fee.

Improper Sexual Conduct and Physical Abuse Liability

Coverage for nonprofit employees, volunteers, and the organization for allegations of sexual and/or physical abuse. Event trigger and claims-made available.

Social Service Professional Liability

Coverage for employees, volunteers, interns, students-in-training, and independent contractors for damages resulting from errors and omissions in the provision of certain professional services.

Directors and Officers Liability (D&O)

D&O, fiduciary, and employment practices (EPLI) coverage for the organization and its directors and officers, employees, and volunteers for allegations of wrongful acts. Affordable flat-rate D&O without EPLI for nonprofits without employees.

Business Auto Liability and Physical Damage

Coverage for vehicle fleets of all sizes, driven by employees or volunteers. Can include personal vehicles that are being used for nonprofit work.

Businessowners Property

Coverage for the physical assets a nonprofit owns or leases — such as buildings, office equipment, computers, furniture, etc. Generous, modified BOP, includes business income and extra expense.

Participant/Volunteer Accident Coverage

Limited coverage for injury to a volunteer or participant (depending on the coverage) on a no-fault basis. May apply prior to (or in excess of) an individual’s health insurance policy.

Umbrella Liability

While a $1 million limit works for most claims, umbrella liability provides the excess coverage some nonprofits may need.

Insurance Brokers: 

Learn more about working with NIA, how to become an NIA appointed broker, or how to submit 501(c)(3) business.