Investopedia Named Nonprofits Insurance Alliance (NIA) as the Best Overall Insurance Provider for Nonprofits

More than 21,000 nonprofits understand why Investopedia named their insurance provider, Nonprofits Insurance Alliance (NIA), Best Overall in its most recent evaluation of nonprofit insurance providers. “The Nonprofits Insurance Alliance works solely with nonprofit organizations, and their team of specialists can help you acquire the best policy depending on your organizational and industry needs,” Investopedia said in its recognition. When combined with their policy options and resources, this experience makes NIA the best overall nonprofit insurance provider.”

Investopedia selected NIA for its policy options and coverages, strong customer retention, and member resources that “assist businesses in reducing liability risks by training, education, and other types of support.”

“As a nonprofit, our objective is to help the nonprofit sector, and we do so by offering coverages and services that protect nonprofits while allowing them to focus on the communities they serve,” says Pamela Davis, NIA founder, president, and CEO. “I am happy that NIA has been recognized as the best insurance provider to the nonprofit sector.”

As evidenced by its AM Best A IX (Excellent) rating - an insurance industry benchmark – NIA has an established history of serving 501(c)(3) Nonprofits with stable and inexpensive coverage. The AM Best rating is based on a quantitative and qualitative assessment of the balance sheet strength, operating performance, and business profile. AM Best increased NIA’s Financial Size Category (FSC) from “VIII” to “IX” last month. AM Best created the FSC based on policyholder surplus to give a convenient indicator of a company’s size in terms of surplus and related accounts. An FSC rating of IX implies an excess of $250 to $500 million.

Through over 1,000 independent brokers, NIA provides property and casualty (P&C) insurance in 32 states and the District of Columbia.

Investopedia Methodology
Investopedia began its review of nonprofit insurance providers by looking for organizations specializing in coverage for nonprofit groups and organizations. Investopedia then analyzed their coverage options, industries served, customer ratings, and premiums and limitations, when available. Investopedia also took into account the amount of time a provider was in business and their AM Best rating to verify that the providers chosen had a history of offering exceptional service and trustworthy coverage.

About Nonprofits Insurance Alliance
Nonprofits Insurance Alliance (NIA) is the nation’s leading property and casualty insurer solely dedicated to nonprofit organizations. NIA, founded in 1989 in Santa Cruz, California, is a social enterprise that works to ensure the long-term sustainability of the nonprofit sector. NIA has one of the industry’s highest client retention rates. Members of the NIA benefit from competitively priced insurance, specialized insurance coverage, dividends, and innovative risk management and member services. Alliance Member Services (AMS) and three AM Best A IX (Excellent) rated insurers compose the NIA group brand: Nonprofits Insurance Alliance of California (NIAC), Alliance of Nonprofits for Insurance, RRG (ANI), and National Alliance of Nonprofits for Insurance (NANI).