Nonprofits Insurance Alliance - 2018 NIA Annual Report

Independent insurance brokers have been our essential partners every step of the way. Insurance agencies that were too small to attract jumbo insurance companies saw how they could help their communities and their businesses by working with us. Eighty percent of 501(c)(3) nonprofits have annual budgets of less than $1 million. The smallest nonprofits may produce annual revenue for an insurance agent or broker for property/casualty insurance of less than $150. That modest amount includes helping with the application process, answering coverage and loss control questions, and providing multiple certificates of insurance and possibly other documentation throughout the year. Many brokers, not considering it profitable business, choose not to work with small nonprofits. Nonprofits Insurance Alliance pays a fair commission, not the highest possible compensation a broker or agent might receive from some commercial companies. So, we particularly appreciate the commitment shown by brokers and agents who bring their nonprofit clients to us, without regard for receiving the highest compensation for themselves. Woodbridge Senior High School Band Boosters Woodbridge, VA www.woodbridgeband.org A ‘Thank You’ to Insurance Brokers and Agents… 94% of Our Members Renew With Us Annually A head for insurance. A heart for nonprofits. 19