Social Services Non Profit Insurance
Specialists in the SOCIAL SERVICES NON PROFIT insurance world report this segment has become more diverse in recent years, with many organizations expanding their programs and services into different areas – especially for directors and officers. Those who work with this class say the consumer base for nonprofits is growing, as more people need help. The National Center for Charitable Statistics reported in 2015 that 501(c)(3) public charities grew 29.7 percent from 2003-2013.
Directors & officer’s liability is one of the most important coverages for these organizations. According to the Risk and Insurance Management Society’s 2012 Cost of Risk Survey, 63 percent of reported D&O claims came from NON PROFITS during the previous 10 years. Insurers need to recognize the importance of specializing in and partnering with these organizations to mitigate their risks.
At sp Business Insurance Services, we have staff members who specialize in Social Services Non Profit insurance. We are appointed with an array of insurers who specialize in Social Services Non Profits. Your benefit from this is you are not presented with an ‘off the shelf, one size fits all’ quote. We will tailor your insurance to your specific needs and this, generally, results in lower premiums to you. In addition, we can usually deliver your quote in three days or less.
Another important aspect, sometimes overlooked initially, is the timely delivery of Certificates of Insurance and Additional Insured Certificates as required by your clients (and others). We pride ourselves in electronically delivering these documents within 8 hours of your request.
We think you will be pleasantly surprised at our pricing and level of service when you allow us to quote your Social Service or Non Profit insurance at renewal (or any other time). Please click of the Quote tab at the top of this page and we will contact you for the details for your social services non profit insurance.
As an aside, our brokers answer their own phones and emails. At your initial contact with us, you are given your broker’s cell phone number and direct email address. Where, in most agencies, your broker hides behind a wall of telephone prompts and disinterested, underpaid receptionists.
At sp Business Insurance Services, all aspects of your account are handled by your broker. This arrangement places your broker’s interests in harmony with your interests because it places responsibility for your satisfaction squarely on your broker. This responsibility includes all followup service such as Certificates of Insurance and Additional Insures Certificated, adding and deleting drivers, overseeing claim resolutions in your favor and all other matters pertaining to your insurance. When was the last time you had a Certificate of Insurance or Addition Insured Certificate in your hands two hours after you requested it. Perhaps this is one of the reasons our client retention exceeds 99%.
The other reason for our remarkable client retention is that we shop the market for the lowest possible premium for your needs. We have no “loyalty” to any insurance company because we, as brokers, represent you – not any insurance company. If an insurance company has a bad year and wants to raise your premiums at renewal, we make a seamless transition to another insurer to keep your rates as low as possible. We require that each insurer in our stable maintain an ‘A’ or better, rating from AM Best.
Finally, we only write commercial insurance.