PricingandClaimsPhilosophy
It’s really very simple; we charge a fair
and sustainable price for the coverages
nonprofits need. Ourmembers know
that they need not worry about wild
price fluctuations from year to year with
us.We don’t play those games. That’s
one of the reasons why we have a
renewal rate of 94 percent!
And if liability is clear when a claim is
presented, we pay it without needless
wrangling. On the other hand, when
false accusations aremade against our
members’ good names, we fight to
defend them.We are partners with our
members, andwe take seriously the trust
they place inus to protect them.
Coverages
ANoteAboutDividends
Weare required tomaintain financial resourcesat
levels thatmeet theobligationswehavemade inour
insurancecontractswithourmembers. Butwehave
theprivilegeof sharingbetter thanexpected financial
outcomeswithourmembers!
Over thepast eight years,NIAChasdeclared$33.1
million individends for itsnonprofitmembers in
California.ANI isnot yetof a sufficient size tobegin
payingdividends, butANImembersarealreadyearn-
ing loyaltycredits towardpotential futuredividends.
While it isnot likely that everyyearwillwarrant adivi-
dend, it isourpleasure toannounce themwhen results
arebetter thananticipated.
“Weknowafter20years
withNIAC that the
nonprofit insurance
cooperativeconcept
reallyworks.Thequality
of careandpersonalized
servicewe’ve received
over theyearshasbeen
extraordinary.We’ve
alsobeenpleasantly
surprisedwithdividends
several times!”
—DebraMarstellar,
Project Independence
Nonprofits
OWN
...isaspecial coverage form
designedBYandFOR
nonprofitorganizations.
AHead for Insurance. AHeart forNonprofits 23
Our specialized coverage forms were
written exclusively for nonprofits. Over
the years we have expanded our coverage
to bettermeet the needs of the nonprofits
we insure.
