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National Independent Insurance Agents

Insurance, United States, Virginia, Alexandria

Empowering independent insurance agents with support and advocacy to thrive in the industry.

About National Independent Insurance Agents

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Virginia state
Official Website
http://www.niia.org
Location Address Official Phone Email
United States of America, Virginia state United States, Virginia, Alexandria **** ****
LinkedIn https://linkedin.com/company/**** Get In Touch With Decision Makers
Facebook https://facebook.com/**** Get In Touch With Decision Makers
Instagram https://instagram.com/**** Get In Touch With Decision Makers
X (Twitter) https://x.com/**** Get In Touch With Decision Makers
YouTube https://youtube.com/**** Get In Touch With Decision Makers

FAQs – National Independent Insurance Agents

Will homeowners liability insurance cover my home-based business?

No, homeowners liability insurance does not typically cover injuries or property damage related to a home-based business. You may need a separate business insurance policy or an endorsement for adequate coverage.


How does reinsurance help insurance companies manage risk?

Reinsurance spreads risk across multiple insurers, reducing financial strain from large claims, enabling better risk diversification, and ensuring insurers have enough capital to meet policyholder obligations.


How does CSR impact an insurer’s reputation?

A consistently high CSR enhances an insurer’s reputation, attracting more customers, while a low CSR can lead to negative reviews and reduced credibility.


What happens if I forget to activate my on-demand insurance?

If you forget to activate coverage, you will not be insured for any incidents that occur during that time. Some providers offer automatic activation features based on geolocation, usage patterns, or scheduled coverage periods to prevent lapses.


What is a 70/30 or 80/20 coinsurance plan?

A 70/30 plan means the insurer pays 70%, and the insured pays 30% after the deductible. An 80/20 plan follows the same structure but with different cost-sharing.


Can I buy additional short-term disability coverage?

Yes, if your employer’s coverage is limited, you can purchase a supplemental policy from a private insurer to increase your benefit amount or extend your coverage duration. Private policies allow customization based on your income and financial needs.


How do reinsurance treaties handle catastrophic events?

Catastrophic events are managed through non-proportional treaties like excess-of-loss reinsurance, which caps an insurer’s liability. Insurers also use catastrophe bonds and reinsurance pools to diversify their exposure to extreme losses.


Can hazards affect my insurance premium?

Yes, higher hazards lead to increased risks, which may result in higher insurance premiums or even denial of coverage if the risks are too severe.


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