| Market Spotlight
February 9, 2022 |
|---|
|
|---|
|
Market Spotlight: Social Services Often overstretched on resources as it is, nonprofit and social service organizations have had to learn to do more with less during the COVID-19 pandemic. Many adapted to virtual models. The nonprofit workforce also took a significant hit due to the pandemic but improved with an average of 44,624 jobs recovered per month over the year 2021. Researchers estimate that the sector may not see a full return to pre-pandemic workforce levels until Fall 2022. When it comes to purchasing insurance, nonprofit and social service organizations rely on their insurance partners to guide them through though market challenges. Price is a key concern, according to a research report published last fall, titled "Challenges, Opportunities, and Insurance Buying Trends in the Nonprofit Industry - 2021." The report by Philadelphia Insurance Companies, in partnership with NonProfit PRO and NAPCO Research, analyzed top priorities and insurance buying behaviors of nonprofits. Nearly half of the nonprofits responding to the survey consider the price of insurance as a significant barrier for their organization - that's up from 13% in the 2019 survey. Some 20% also reported significant challenges in understanding the difference between insurance policies - up from 15% in the 2019 survey. And 20% reported that responsiveness of sales reps/brokers is also a significant challenge -up from 8% in 2019. |
|---|
|
|---|
| Charity First offers workers compensation for nonprofits and social service agencies, offered on a monoline basis or in conjunction with package coverage. The nation's best-known and respected carriers provide our products and services, distributed through agents & brokers. Our program is available nationwide on admitted, A.M. Best rated A XV paper. States: All states Offered by: Charity First |
|---|
|
|---|
| Whether your mission is to increase literacy among adults or find loving homes for neglected animals, you need an insurance carrier you can rely on. Great American's Specialty Human Services protects those who improve your community. States: All states Offered by: Great American Insurance, Specialty Human Services |
|---|
|
|---|
| | We Have A Market For That! With 25+ niche markets - we're your one-stop-shop for all your client needs. When you need a fast quote and want to win an account, make NSM your first call. NSM Insurance Group |
|---|
|
|---|
| MiniCo Insurance is the leading source for insurance solutions and nonprofit intelligence for brokers and advisors. We understand that nonprofits do not live in a vacuum; they follow their mission and rely heavily on the expertise and support of their insurance advisor. As an industry pioneer, MiniCo has been a ... States: 50 states + DC RPS Signature Programs specializes in addressing the needs of social service agencies and human service organizations, providing insurance coverage for the non-profit sector as well as for-profit classes. This protection allows these agencies and organizations to take care of their clients and take the risk out of helping. Coverages* Automobile ... States: 50 states + DC |
|---|
|
|---|
| We are a retail agency in NJ. Licned in 25 states We are looking for an MGA or Insurance company who can provide us with a DP3 policies in Florida. We cam provide both C of O's and 4 point inspections because we get our clients coming out of builders risk policies. Updates done no code vuiolations. by Hockeyxcoach on Sun Jan 23, 2022 We have a hotel in North Carolina that suffered a $5M fire damage loss caused by a resident of the hotel. We need to place a Builders Risk policy for a $10M on existing hotel and a $5M improvement. We need to secure ASAP. by Socal on Thu Jan 20, 2022 Looking for a carrier to cover foreign travelers that bring their owned vehicles with them to the US and Canada for travel. Short term and long term availability. Vehicles include, Autos, Motorcycles and RV's This is a niche market. by CherylD on Wed Jan 19, 2022 High net worth individual and business owner needs a life policy but has a pending felony. Are there any life insurance markets that would consider this? by Nice1 on Tue Jan 18, 2022 Looking for a Personal Firearm Liability Policy. Ideally this would be a program or carrier I can get appointed with. by CEOJMO on Thu Jan 27, 2022 |
|---|
|
|---|
|
|
