The Rise, Fall, and Resurgence of Non-Dues Revenue Membership dues fund membership organizations. However, these membership dues do not cover the operating expense of the association. In a recent survey, association respondents reported membership dues comprised only 39% of total revenue (Growth Zone 2022). So, how do associations generate non-dues revenue? Prior to 2020, many associations derived most…
In the U.S., flood damage tends to be the costliest, resulting in an estimated $25,000 in damages from just one inch of water, and according to the Insurance Information Institute, 90% of all disasters involve flooding. With hurricane season on the horizon, homeowners and renters need to purchase a National Flood Insurance Program (NFIP) policy…
This is a two-part series from Marcie ODwyer, Principal and VP, Sales, and a Property & Casualty licensed agent. Previously we discussed property and casualty insurance for individual property such as your home, auto, condominium, renters, boat, or RV. This insurance covers both liability and damage to your individual property. Commercial property and casualty insurance…
This is a two-part series from Marcie ODwyer, Principal and VP, Sales, and a Property & Casualty licensed agent. In the following blog, she’ll cover the basics of property and casualty insurance for association members. Be sure to check back later to read more from her about what to consider when selecting the coverage that’s…