“[I]t wasn’t what occurred during the hiring process that put the children and church at risk; it was what didn’t occur after.”
You have just met with your insurance agent to decide what type and amount of insurance coverage will best meet your church’s needs. But, before you make a decision, it’s important to read and understand the terms and conditions of the policy being offered.
In recent years, discussions about data breaches with my church and nonprofit clients have moved from “what-if’s” to, “This just happened to one of my clients.” Cyber Liability insurance is no longer a coverage that is nice to have; it’s saving organizations money, time and reputations.
“What happens in accounting, stays in accounting.” If your finance team’s motto goes something like this, you might have an internal controls problem. Internal controls are put in place to clearly define proper procedures for finance and accounting team members, to minimize risk, and to alleviate suspicion. Even churches must mitigate risk and ensure that policies and procedures are in place and functioning as intended.
We frequently ask ourselves questions such as, “What’s an acceptable way to show affection to youth in my care?” or “How should I react if a child runs up for a hug?”
These are important questions, because boundaries promote a lifetime of healthy relationships.
Recently, I convened a panel of experts for a conversation about where the Church stands relative to capitalizing on the remarkable evangelization opportunity of social media. The key questions:
• Are churches actually embracing
• If so, how are they doing managing the risks?
• How can churches establish boundaries as they row in these unchartered waters?
Now more than ever, all organizations are exposed to risk, including cyber security breaches and internal fraud. Religious institutions — which strive on building a trusting relationship with their members and employees on the foundation of religious beliefs, coupled with tight budgets and limited financial oversight — are even more vulnerable to fraud and abuse.
In the insurance world, agents — or brokers, in some instances — are oftentimes viewed as the “expert” when it comes to all things regarding liability, protection and coverage. As individuals, protecting things like personal vehicles and homes is thought of as a “no-brainer.”
What isn’t always top-of-mind is protecting the church.
As a ministry, there are innumerable assets and coverage options that should be considered when purchasing insurance. That’s where an insurance agent comes in to help.
Televangelist Creflo Dollar recently came under fire for asking that 200,000 of his followers donate $300 each to buy a $60-million luxury jet for his use. In the wake of bad publicity associated with the request, it appears that he may have cancelled the campaign before reaching his goal. The problem is: What happens to money already collected?
The Christian high school had much to be proud of: a history of academic excellence; a great reputation for community service; and also, as a much respected perennial contender for state football champion.