Phoenix-Eastern Insurance Brokers Inc. has introduced a new Web-based insurance program to provide Canadian not-for-profit associations and charities with a comprehensive insurance package that can reduce annual insurance costs by more than 25%.

The Comprehensive Associations Insurance Program, or CAIP, can be accessed at www.caipinsurance.com. It can be purchased directly or through local insurance brokers across Canada.

Richard Battagello, managing partner of CAIP, said “there are over 175,000 Charities and Not-for-Profit associations operating in Canada today. By reducing insurance costs by 25% a year, associations and charities would be able to employ an additional $65 million for programming each year.”

Battagello said that Phoenix-Eastern was able to accomplish both improved insurance coverages and lower costs by minimizing sales and administration costs through the use of web technology, and combining multiple insurance policies into one comprehensive program.

The types of insurance available under the program include directors and officers, errors and omissions and general liability, crime, boiler and machinery, and all-risk property and contents insurance.

http://www.newswire.ca/releases/June2001/05/c1055.html