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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

Purpose-driven businesses and nonprofits providing inclusion through translation, on-the-job training, and a fair living wage will attract better talent. Volunteer Training: Allocate funds for training materials and events, potentially costing $200 to $1,000. Top 7 Expenses of Starting a Nonprofit Organization in 2025 1.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. 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.

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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).

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How to Create a Nonprofit Chart of Accounts: 3 Steps + Tips

Get Fully Funded

Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Train your team on data hygiene best practices to ensure everyone who edits your COA follows the same standards.

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Primary School Fundraising Ideas for Every Season | Big Fundraising Ideas

Big Fundraising Ideas

If you plan to serve alcohol (where permitted), check local regulations and appropriate insurance needs. Marketing tip: Provide updates on social media, showing the runners training progress or the students practicelaps. Always check local regulations and consider liability insurance if hosting more significant events.

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How to create your new nonprofit’s first budget

Get Fully Funded

Printing/postage Fundraising expenses Phone/internet Marketing expenses (graphic design, advertising) Professional development (training and conferences) Memberships, affiliations (dues & subscriptions) Travel/mileage/parking Insurance (liability for the facility, errors and omissions for Board, worker’s comp, etc.)

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