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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

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. There is no guarantee that grants will be awarded based on this information.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations. The price of this insurance can vary depending upon the coverage plan chosen.

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Does Revenue Diversification Actually Work for Nonprofits?

Peak Proposals

Related to this, grants cannot cover costs accrued prior to the award, so you cannot promise the grant writer that they will receive a percentage of any grants awarded as a result of their proposal writing. Fundraising activities and events must comply with local laws and carry adequate liability insurance.