Effective Jan. 1, 2006, the Nonprofits’ Insurance Alliance of California (NIAC) and Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) will offer a new D&O Product for 501(c)(3) nonprofit organizations.
Designed for nonprofits with zero employees, the product provides D&O protection for nonprofit board members and the organization, but excludes coverage for any employment related actions. The flat rate for the product is $600 for limits of $1 million. New and renewal business with no employees are eligible.
NIAC, rated A.M. Best “A” provides liability insurance to 501(c)(3) nonprofits in California, and ANI-RRG, rated A.M. Best “A-” provides the same coverages to nonprofits outside California in 18 states plus the District of Columbia. Combined, the two companies insure more than 6500 nonprofits.
For more information visit www.insurancefornonprofits.org.
Topics California
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