article thumbnail

What Are 7 Common Nonprofit Startup Costs?

GrantNews

The price of this insurance can vary depending upon the coverage plan chosen. This plan includes general liability insurance, commercial property insurance and business income insurance. However, most nonprofit organizations start out with a Business Owner’s Policy (BOP).

Insurance 117
article thumbnail

Which Fundraising Events Bring in the Most Money for Small Nonprofits?

Get Fully Funded

You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. These events should include a brief and powerful presentation (less than 5 minutes) to lay your message out there. NOTE: PLEASE check into the legalities of offering alcohol.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nonprofit Board Member Onboarding: 12 Things to Cover

Qgiv

This is also a good time to discuss liability issues and your board liability insurance (which you have, of course.) Whether you review your nonprofit’s Form 990 with them now or when discussing finance is up to you, but they should be aware of its existence, importance, and public nature.

Finance 52
article thumbnail

Does Revenue Diversification Actually Work for Nonprofits?

Peak Proposals

Fundraising activities and events must comply with local laws and carry adequate liability insurance. Another cost to be aware of related to fundraising is legal fees. Is Fundraising an Option for You?