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financial risk management Archives - Church Executive

Moving beyond insurance — hop on board!

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Church insurance, Church risk management, financial risk management

October 1, 2017 at 3:44 pm.

By Michael J. Bemi Our series on moving “beyond insurance” has identified and examined all the critical elements and related processes to enable an insured entity to “move beyond” insurance. However, we have not yet discussed and described the options available to your entity to retain risk. These options exist as methods of alternative risk […]

Protecting your church and religious organization against fraud

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Church Finance, church financial risk, church fraud, church fraud prevention, Church risk management, financial risk management, financial stewardship

May 4, 2015 at 1:14 pm.

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.