Through The Noise
October 11, 2015
Pamela Davis of the Nonprofits Insurance Alliance Group on Why and How Nonprofits Need Insurance
Through the Noise #110
Pamela Davis // Founder & CEO // Nonprofits Insurance Alliance Group
Today we sit down with Pamela Davis of the Nonprofits Insurance Alliance Group and she helps dispels the notion that nonprofits don’t need insurance. The reasons for having insurance for nonprofits are extremely varied and she recognized a need and solved it by forming nonprofits that insure other nonprofits and have a greater understanding of their needs. NIAC member organizations provide insurance for 15,000 nonprofits in 32 states and despite a somewhat dry sounding topic, Pamela Davis makes insurance and the reasons for it come to life. So, if you are responsible for a nonprofit, like a lot of our listeners, you won’t want to miss this episode packed with invaluable insights.
Pamela Davis has been transforming nonprofits and the insurance industry for nearly three decades. She is the founding president and CEO of liability insurance cooperative for tax-exempt nonprofit organizations. She was a subject of the PBS documentary series, Visionaries, selected from a field of 3,000 to illustrate the extraordinary accomplishments of ordinary people.She has lobbied Congress and had federal tax law changed so charitable risk pools to obtain 501©(3) tax exempt status.
The Nonprofits Insurance Alliance Group is comprised of 3 cooperative insurance companies and an administrator, all of which are 501©(3) charitable nonprofit organizations. They provide liability insurance coverage for 15,000 other 501©(3) nonprofits in 32 states and DC and are growing by about 1,000 member-insureds a year. Pamela Davis is their founder, president, and CEO. She posed the idea for this Group in her graduate thesis at UC Berkeley, School of Public Poilcy, in the mid-1980s and launched the first company in California in 1989 with a $1 million loan.