NIE has provided Fabricare Insurance since 1915!


Insuring Dry Cleaners and Coin Laundries Since 1915!

NIE insures thousands of dry cleaners and coin laundries in 32 states. NIE’s full legal name is National Fire and Indemnity Exchange.

NIE was founded in 1915 as the National Association of Dyers & Cleaners Inter-Insurance Exchange. As a reciprocal exchange, it has no stockholders. NIE’s profit distributions are to its policyholders, who are also known as subscribers. NIE has a long history of distributing a high percentage of its profit back to its policyholders. NIE only issues non-assessable policies.

NIE’s policyholders elect an Advisory Committee of member business owners to decide what to do with the Exchange’s profit, how the Exchange’s assets should be invested, what actuarial firm should analyze the Exchange’s loss reserves and what CPA firm should audit the Exchange’s financial statements.

NIE TEAM PHOTO

Our workforce's average tenure with NIE is more than 17 years! We have experience with most any insurance problem your business is likely to face.