NIE Returns to Its Roots
The Drycleaning & Laundry Institute (DLI) and NIE Insurance announced that DLI is exclusively endorsing NIE’s business insurance program for DLI’s U.S. members.
NIE’s Insurance Program includes National Fire and Indemnity Exchange (“the Exchange”) and policies from other highly rated carriers including Hartford and Travelers. The Exchange specializes in fabricare insurance. It issues Commercial Multi-Peril policies to drycleaners and coin laundries in 33 states. Workers Compensation and Commercial Auto coverage is offered through Hartford Insurance and Equipment Breakdown coverage is offered through Travelers Insurance. The other 15 continental states are handled in a similar fashion, except that Commercial Multi-Peril is offered through Hartford instead of the Exchange.
The relationship between DLI and NIE dates back to 1915. Back then, DLI was known as the National Association of Dyers and Cleaners (NADC). Nobody would insure dry cleaners, so NADC formed the NADC Inter-Insurance Exchange, now known as NIE Insurance.
Bob Aikin, president of the Exchange, said, “We are excited to restore the relationship with our founder. Both organizations are dedicated to serving dry cleaners.”
DLI is the premiere international dry cleaning association with 2,200 members in 56 countries, including 1,500 members in the United States. DLI maintains affiliations with 13 regional dry cleaner associations. Two of the largest of those regional associations have long endorsed NIE. Southwest Drycleaners Association (SDA) covering eight states has endorsed NIE since 2001. South Eastern Fabricare Association (SEFA) has endorsed NIE since 2003.
For more information, visit www.NIEinsurance.com or www.DLIonline.org