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

Blue Avocado

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. It would be better if one or two nonprofits fail because of a large jury award, than the entire nonprofit sector lose its ability to be insured. The answer is fourfold.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

The price of this insurance can vary depending upon the coverage plan chosen. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). This plan includes general liability insurance, commercial property insurance and business income insurance. You don’t want to miss this.

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