NBSIA’s goal is to work closely with our Members to assist them in risk management and early claim resolution to reduce costs and help maintain a good image for the District.
When do you notify NBSIA?
NOTE: Late notice of a claim may result in loss of coverage. NBSIA Memorandum of Liability Coverage considers reporting after 14 calendar days of knowledge to be late notice.
What constitutes notice to NBSIA?
When a claim is submitted, NBSIA will:
In the event of a serious property loss:
Members are advised to outsource repairs to expedite recovery and retain Member resources for normal operations. NBSIA does not require Members to make repairs in-house. These expenses are considered necessary to reduce further loss and avoid potential liability exposure and are covered by NBSIA as a part of the loss.
If the loss is expected to exceed the deductible ($5,000) the Member must advise NBSIA in writing, in addition to completing the Property Loss Report form:
On building losses in excess of $100,000, NBSIA, appropriate Member personnel and the Member’s architect should meet at the site as soon as possible to assess damages and coordinate necessary repairs. This will be coordinated through NBSIA.
Property damage can lead to liability exposure. It is the responsibility of all Members to maintain property and make corrections in a timely manner to avoid potential liability claims
Auto Physical Damage coverage is provided under the property policy for all Member owned vehicles. Vehicle accident reports should be completed and submitted to NBSIA for claims processing.
We are available to work with Members to help create best practice standards. Please contact NBSIA Property & Liability Department at (707) 428-1830, or by email at PropLiab@nbsia.org should you have any questions or wish to discuss this in more detail.