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.
Insured by NIA:
I AM CULTURED
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 California | Nonprofits Outside California | |
|---|---|---|
| Accounts Receivable | $100,000 | $50,000, except $27,000 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 Construction | Increased from $10,000 to 25% of Building Limit of Insurance or $150,000, whichever is less | Increased from $10,000 to 25% of Building Limit of Insurance or $100,000, whichever is less |
| Electronic Data | $27,000 | $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 | $27,000 |
| Business Income – Ordinary Payroll | Increased from 60 days to 120 days | |
| Business Income from Dependent Properties | Increased from $5,000 to $50,000 | |
| Business Income Period of Restoration | Increased from 12 consecutive months to 18 consecutive months | |
| Earthquake Sprinkler Leakage | $10,000 | |
| Fire Department Service Charge | Increased from $2,500 to $26,000 | |
| Fire Extinguisher Systems Recharge Expense | Increased from $5,000 to $27,000 in any one occurrence | |
| Interruption of Computer Operations – business income and extra expense due to cyberattack – virus, harmful code or similar attack | $26,000 | N/A |
| Interruption of Utility Services or Off-Premise Power Failure | $27,000 | |
| Lock and Key Replacement | $2,500 | |
| Newly Acquired Or Constructed Property | 90 days | 60 days |
| Outdoor Property – Fences, retaining walls not a part of a building, radio and television antennas, and signs | $50,000, except $27,000 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 | $27,000 | |
| Personal Property Off Premises | $250,000 | |
| Pollutant Clean Up and Removal | Increased from $10,000 to $26,000 | |
| Spoilage | $27,000 | |
* 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.
From the Claims files:
Here are a few examples of how NIA’s Businessowners Property coverage has helped nonprofits.
A payment clerk manufactured phony invoices to a pre-approved vendor with whom the clerk had an arrangement for sharing the profits.
Fire broke out in a storage room and an investigation determined that faulty wiring in a coffee maker was the cause of the fire.
Vandalism & Malicious Mischief
How Business Personal Property insurance helped a nonprofit when unidentified person(s) maliciously caused a flood in their building.
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.
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.
Coverage for nonprofit employees, volunteers, and the organization for allegations of sexual and/or physical abuse. Event trigger and claims-made available.
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.
Board & Executive is NIA’s brand name for a group of coverages that provide protection for boards of directors and executives. Includes options for Directors and Officers (D&O), Fiduciary Liability, and EPLI.
Coverage for vehicle fleets of all sizes, driven by employees or volunteers. Can include personal vehicles that are being used for nonprofit work.
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.
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.
While a $1 million limit works for most claims, umbrella liability provides the excess coverage some nonprofits may need.