Why choose IOA for your nonprofit?
At IOA, we understand the unique challenges nonprofit organizations face, including directors and officers liability, employment practices liability, and political instability risks. Leveraging regulatory guidelines and solutions like group captives and risk retention groups (RRGs), governed by the Liability Risk Retention Act (LRRA), our team helps nonprofits secure tailored, cost-effective coverage.
Choosing IOA means partnering with experts who specialize in nonprofit risk management. Our team evaluates your current and future exposures to develop comprehensive insurance plans that help protect your organization while keeping it mission-focused. We also provide employee training to enhance regulatory compliance and reduce potential risks.
With extensive market access, we structure unique coverages for complex nonprofit risks, including political instability, abuse or molestation exposures, and international operations. IOA’s experience spans religious organizations, human service providers, and educational institutions, allowing us to meet diverse nonprofit needs.
Our strong relationships with top carriers enable us to offer competitive rates and customized solutions while adhering to the latest regulatory requirements, including NAIC accreditation standards for risk retention groups and LRRA guidelines.
Our nonprofit clients
Charitable organizations
Religious institutions
Human services organizations
Nonprofit educational organizations
Nonprofit healthcare providers
Large-scale nonprofits and advocacy groups
Mental health organizations
Homeless and refuge shelters
Museums
Products for nonprofit organizations
IOA’s range of products for nonprofits includes:
Crime
Crime insurance covers financial losses resulting from theft, fraud, forgery, and other dishonest acts committed by employees or external actors.
Directors and officers
Directors and officers insurance protects company leaders from personal liability for decisions made on behalf of the organization.
Employment practices liability
Employment practices liability insurance protects businesses against claims arising from workplace disputes.
Trade credit and political risk
Trade credit and political risk insurance protects businesses from financial losses due to customer insolvency, non-payment, or adverse political events.
Fiduciary liability
Fiduciary liability insurance protects employers and plan administrators from claims alleging mismanagement of employee benefit plans.
Workers compensation
Workers compensation insurance covers employee medical expenses and lost wages resulting from work-related injuries or illnesses.
International
International insurance connects U.S.-based businesses with global coverage through trusted in-country brokers, ensuring compliance and seamless policy management.
Kidnap and ransom
Kidnap and ransom insurance provides financial protection and crisis management support for incidents involving kidnapping, extortion, or wrongful detention.
Professional liability (E&O)
Professional liability (E&O) insurance protects professionals and businesses against claims of negligence, errors, or omissions in their services.
Commercial property
Commercial property insurance safeguards physical assets, including buildings, equipment, and inventory, against risks like fire, theft, and natural disasters.
General liability
General liability insurance covers bodily injury, property damage, and personal injury claims arising from business operations.
Contingency
Contingency insurance protects businesses against risks related to events, including cancellations and weather-related disruptions.
Accident and health
Accident and health insurance provides coverage to mitigate the financial risks associated with employee health-related absences or accidents, enhancing employee welfare and regulatory compliance.
Cyber liability
Cyber liability insurance helps businesses recover from incidents like data breaches, ransomware, and regulatory penalties.
Environmental
Environmental insurance safeguards businesses against liabilities related to pollution, contamination, and other environmental risks.
Commercial umbrella
Commercial umbrella insurance extends the coverage limits of primary policies, offering an additional layer of protection against large claims.
Excess liability
Excess liability insurance provides additional coverage above the limits of underlying policies, offering extended protection against high-value claims.
Specie and fine art
Specie and fine art insurance safeguard valuable assets like cash, precious metals, and artwork from loss or damage.
Commercial auto
Commercial auto insurance offers protection for business-owned vehicles, covering liability, physical damage, and risks unique to commercial transportation.
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