Remove Article Remove Insurance Remove Liability
article thumbnail

Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

article thumbnail

What’s the Cost Behind Starting a Nonprofit Organization in 2025?

Grant Writer Team

Legal Assistance: Hiring an attorney to draft bylaws and articles of incorporation can cost between $500 and $2,000. Insurance: General liability insurance typically costs $500 to $1,500 annually. Employee Benefits: Health insurance, retirement plans, and other benefits can significantly add to staffing costs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Are 7 Common Nonprofit Startup Costs?

GrantNews

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. A lawyer can help you draft your ‘articles of incorporation,’ as well as help you with your application to the IRS.

Insurance 114
article thumbnail

The downsides of starting a nonprofit organization

Candid

You may also have legal fees and operational costs, such as office space, salaries, and insurance. Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs). Whatever you decide, we’re here to help.

Liability 106
article thumbnail

Five Costly Mistakes Tender Writers Must Avoid

Red Tape Busters

In this article, we’ll explore five such mistakes and offer some valuable insights on how to avoid them. For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities.

article thumbnail

How to Probate a Will: A Comprehensive Guide

Planned Giving

Notice The information below, as well as the FAQs at the end of this article, provide a general guide to common probate questions and are for informational purposes only. This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. They should not be considered legal advice.

article thumbnail

Nonprofit Board Member Onboarding: 12 Things to Cover

Qgiv

For the sake of brevity, let’s say that you did everything we covered in our first article, “ 10 Tips for Onboarding All Types of Volunteers.” This is also a good time to discuss liability issues and your board liability insurance (which you have, of course.) If so, that’s a great start.

Finance 52