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With a still-shaky economy limiting donations to social-service organizations, many of these groups are being forced to radically reduce spending or to branch out into new and untested revenue-raising waters—a move which can pose unexpected and even catastrophic risks.

Philadelphia Insurance Cos. is one of the largest carriers in this specialty-insurance line, with 46 offices in 13 regions writing more than $750 million of “human services” premium per year. And many of its more than 26,000 social-services clients are feeling increased pressure “to significantly cut costs” and “find alternative sources of revenue,” says Paul Siragusa, vice president, Commercial Lines Underwriting.

This situation is creating a double-barreled loss danger. On the one hand, less money is being spent on risk-mitigation processes such as employee training, updates to an insured’s facilities, general housekeeping and vehicle maintenance. And on the other hand, exploring alternative income avenues carries heightened exposures.

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