NIE Returns to Its Roots
Drycleaning & Laundry Institute (DLI) and NIE Insurance announced that DLI is exclusively endorsing NIE’s business
insurance program for DLI’s U.S. members. Members can request a quote in the Members Only section of DLIonline.org (scroll to the bottom of the Member's Only list to see the link for the online form).
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 know 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.