Fabricare Business Insurance Provider

NIE insures thousands of dry cleaners and laundromats in 33 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 only issues non-assessable policies.

All 48 continental states are served from NIE’s office in St. Louis, Missouri. We have experience with most any insurance problem your business is likely to face.

What Makes Us Different?

Legal Structure

Most other insurance programs are owned by their stockholders. As a reciprocal exchange, NIE doesn’t have stockholders. NIE’s policyholders elect an Advisory Committee that helps govern the Exchange.


NIE’s entire workforce spends all of its work time on small business insurance. Employees average tenure at NIE is 17 years. They have already dealt with most any problem your fabricare business will ever face.


Since 1915, NIE’s commitment to dry cleaners has never wavered.

Size & Strength

NIE is small, but mighty! We are quick and efficient. Our financial ratios are stronger than most of the industry giants. Our reinsurers’ assets exceed $20 billion. Demotech rates our financial stability as “Exceptional”.
John L. Corley
John L Corley, Sr - Founder of NIE Insurance

Our History

In 1915, the National Association of Dyers & Cleaners (now International Fabricare Institute) organized the National Association of Dyers & Cleaners Inter-Insurance Exchange (now the Exchange).

John L Corley, Sr – Founder of NIE Insurance In those days, there was one very good reason to choose the Exchange; no one else would insure cleaners because disastrous fires and explosions accompanied the early use of gasoline and naphtha in cleaning plants.

In the words of Albert Morgenthaler, “We tried every way we could to get insurance, but no one would write us. Finally John (Corley) organized the National Association of Dyers & Cleaners Inter-Insurance Exchange.”

John L. Corley, L.L.D., as Secretary of the National Association of Dyers & Cleaners (now International Fabricare Institute), was the driving force behind the formation of the insurance exchange (now the Exchange). He was elected to the International Fabricare Institute’s Hall of Fame in 1980.

Since the Exchange’s inception, its operations have been managed by John L. Corley, Inc. as Attorney-in-Fact.

What's a Reciprocal Exchange?

A reciprocal exchange is a group of risks that insure each other. When you purchase insurance from an exchange, you become more than a policyholder; you become a subscriber.

An exchange’s subscribers appoint an attorney-in-fact to manage the exchange. Our subscribers also elect a committee to advise the attorney-in-fact of subscriber needs and preferences. Our Advisory Committee also decides 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.

If our Exchange generates a loss, policyholders can NOT be required to pay additional premium. That’s because our Exchange issues only non-assessable policies.


Contact us today and get a


Reinsurance Protection

The Exchange purchases multiple types of reinsurance including:


Per Occurrence

This reinsurance obligates reinsurers to reimburse the Exchange for the portion of individual losses that exceed $400,000.


Property Catastrophe

The reinsurance obligates reinsurers to reimburse the Exhcange for the portion of total losses from one hurricane that exceeds $500,000 per hurricane (up to $5 million per hurricane).


Reasons Cleaners Choose NIE

Results from annual policyholder survey.

NIE Policyholders By State

Years in Business
States Served
Years of Experience per Employee

Endorsements & Associations Partners

Drycleaning and Laundry Institute International (DLI)
Southwest Drycleaners Association (SDA)
South Eastern Fabricare Association (SEFA)

NIE is the only insurance program endorsed by the Drycleaning and Laundry Institute, the premier international fabricare association.

We support all dry cleaners and laundromats through our membership in fabricare associations and in giving both technical and financial support to industry associations and causes. We are especially proud to be the insurance program managers for these outstanding associations.