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NIP Launches New Insurance Program For Funeral Industry

Designed for funeral directors

NIP Programs, a design and management of specialty insurance programs, a division of NIP Group, has launched a new insurance program designed to serve the funeral industry nationwide.

The company said that the new program, FuneralPro, is designed for funeral directors. It is expected to provide standard business coverages like general liability and property through a business owners policy (BOP) format, with a host of optional enhancements, including business auto, equipment coverage, professional liability, errors & omissions (E&O), directors & officers coverage (D&O), and employment practices liability insurance (EPLI).

In addition, the program also offers umbrella liability with limits up to $10m and workers’ compensation coverage.

Dave Springer, president of NIP Programs, said: “We’re excited to introduce a program that serves the funeral industry. These businesses are unique and can be complex to insure, which makes them perfect candidates for programs we specialize in writing. The FuneralPro program will cover property, business autos like limos and hearses, and a variety of equipment. In addition, it will also cover personal effects and property of others, professional liability, even pollution liability.

“We can help brokers custom tailor a policy that fits their client’s funeral business exactly, so their clients can focus on what they do best: providing service and support during a difficult time.”