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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?

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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.

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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
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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
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5 Legal Issues For NPOs Using ChatGPT

The NonProfit Times

Those systems can generate new works of authorship, such as software programs, artistic works, and articles and white papers. You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk.

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