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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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Lessons from the 2024 Atlantic hurricane season: What philanthropy can do better

Candid

And as a result of repeated storms, insurance companies have been leaving Florida or increasing insurance rates, creating a crisis of underinsurance that Milton will exacerbate. Insurance companies also treat flooding differently, so philanthropic funding is needed even more. In the U.S.,

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Grant funding support for those affected by severe weather

Strategic Grants

Grant funding – Queensland Eligible areas for QLD Government assistance Gold Coast City all areas Logan City all areas Redland City all areas Community Recovery Support [link] Emergency Hardship Assistance [link] The Emergency Hardship Assistance grant is for help with essential needs, food, medication, clothing and temporary accommodation.

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Learning from peers to refine your nonprofit funding strategy

Candid

These include categories like grants, donations from individuals, support from companies, and earned income from services or products.

Funding 98
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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Accountability is at the heart of nonprofit accounting.

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Devastation in LA: Coming Together to Support Wildfire Survivors

GrantNews

Credit Unions : Grants to cover costs to restore services, replace equipment, and make repairs that are not covered by insurance. Repair Damaged Public Facilities in Rural Communities : Grants to local governments, nonprofits, and tribes to repair damaged public facilities in rural communities.

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

Grant Writer Team

In 2025, aligning fundraising efforts with Environmental, Social, and Governance (ESG) principles is more vital than ever. 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.