• Covers your organization in unexpected events
• Limits your liability
• Maximizes your expenses
• Provides peace of mind

Your reserve account is calculated to take care of your annual claims. However, excessively high claim years do happen. Perhaps you lose a grant and need to lay off several people. Our program includes excess loss insurance to limit your liability when unexpected events such as this happen. The point at which this stop loss insurance coverage applies, the attachment point, is based on your organization’s individual profile.

Let’s use one of our members as an example: a small women’s shelter in Chicago. Their attachment point is $20,000. Up to $20,000, all claims are paid from their reserve account. If they have an unexpectedly high claims year and their claims exceed $20,000, the excess loss insurance will take effect. Beyond the $20,000 and up to $80,000, the excess loss insurance will cover claims, without any reimbursement necessary from the organization. Any annual claims exceeding $80,000 are reimbursed by the program on your behalf in the same fashion as claims up to the attachment point. The repayment process of any claims in excess of the deposit and reserve amounts are reimbursed by the organization back into the reserve account over a three-year period.

The excess loss insurance limits are calculated for each member of the program based on their size and experience. Individual organization's coverage limits are not impacted by any other member's negative claim experience.

This benefit provides your organization with peace of mind and security against unexpected events without any additional cost to you as a program member.