10
Significant growth in premium amounts and
number ofmembers are easy to report. But
is that the truemeasure of success over these
25 years?
The respect thatnonprofitshave
gained in the insurancemarketplace
In themid-1980s, nonprofits as a class of
business were red-linedbymost insurance
companies. Because of their deep interac-
tionwith communitymembers inneed,
andparticularly their workwith children,
the elderly, the disabled, and thosewith
HIV,many nonprofits could get insurance
only if they knew a broker with enough
clout to get special consideration from an
insurance company. And even then, the
cost was high and the coverage offerings
Success…more than numbers
were limited.Nonprofits that couldnot
showproof of insurance couldnot receive
any government funds.Now,many insurers
compete for nonprofits.
Thestresswe takeoff theshoulders
ofhardworkingnonprofitexecutives
An insurance policy cannot cover every
risk, but our philosophy is to interpret the
language of our policies to
find
coverage,
rather than to look for away to decline
coverage.We know that if our policy does
not protect ourmembers, they are going
to need to use their precious resources to
protect themselves. And, of themany free
resources we providemembers, we know
firsthand the stress relief provided by our
Labor andEmployment RiskManagers.
“NovatoYouthCenterhasbeen insuredby
NIAC for24years. I havebeenproud to serve
onNIAC’sBoardofDirectors since2010,
helping tomakegoverningdecisions that
benefit all of itsmembers.Havingan insurance
company that isalsoa501(c)3nonprofit is
trulyagift toall nonprofits inCalifornia.”
—Cheryl Paddack,NovatoYouthCenter
Someof the thingswearemost proudof are less easilyquantified
