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What Are 7 Common Nonprofit Startup Costs?

GrantNews

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. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations.

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The Quick Guide to Nonprofit Board Responsibilities

Qgiv

Obedience The duty of obedience requires your board members to adhere to your organization’s mission, bylaws, and policies. Policy board model The policy board model focuses on setting policies and strategic direction for your organization so your staff can focus on operational management.