A Nonprofit's Guide to Opportunities and Trends in Insurance

A new research study by Philadelphia Insurance Companies, a leading insurer of non-profits, and NAPCO Research (parent company of Non-Profit Pro) examines non-profit trends and opportunities including how they research and buy insurance, primary challenges, and technology investment.

"Challenges, Opportunities, and Insurance Buying Trends in the Non-profit Industry" looks at all the factors organizations should examine when buying insurance.

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Close to 200 non-profits participated in the survey. Here are a few of the key findings in the report:

  • Non-profits face the same risks as for-profits
  • The top three ways to evaluate an insurance provider is through referrals, talking to peers, and face-to-face meetings with insurance representatives
  • Top three challenges are cultivating donors and stewardship, having adequate staffing, and retaining donors
  • 46% of non-profits are shifting fundraising activities to the web and social media
  • 46% are investing in expanding donor bases
  • 43% are adjusting strategies based on analyzing donor actions
  • 28% are actively exploring for-profit entities and for-profit ventures/contracts as a source of additional revenue
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