Now is the time to set your church on a path to safety and insurability — now and into the future By Travis Tjepkema, CIC In my nearly 30 years in the church insurance marketplace, right now is the most unique time I’ve ever experienced in the industry. Increased weather-related claims and economic and […]
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To protect your church, you must anticipate — and mitigate — risk transfer related to third-party facilities use By RaeAnn Slaybaugh For many churches, offering the use of their facilities to outside groups is an excellent source of income. It’s also a great way to send a welcoming message to the surrounding community. However, […]
Read More >When considering what can be done to protect children from sexual abuse incidents, the answer is always: more. There are more resources available now than ever to help. Legislation, for sure, but also support from insurance carriers, including Philadelphia Insurance Companies, which offer resources at a discounted cost or even for free. But these […]
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5 strategies to implement in your church You don’t have to be an insurance expert to know that churches are facing unique challenges with their insurance in recent years. Many well-documented factors are driving these challenges, including catastrophic weather events and rising costs — both of which are out of a church’s and insurance carrier’s […]
Read More >A better question is: Why were churches blindsided by one of the most severe hard-market cycles in recent memory? It was this downturn that led to non-renewals and higher rates. Maybe the answer lies in churches’ DNA. Most churches don’t think of themselves as businesses or entities susceptible to market cycles. By and large, they […]
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Whether it’s employment practices, cyber liability, security, or financial protocols in a church, each risk must be viewed through a risk management prism — Reduce, Insure, Stop or Keep (R.I.S.K.) The same is true for child sexual abuse, the No. 1 risk churches face right now. REDUCING the risk Incidents of abuse in the Church […]
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In recent years, as headlines raise awareness on this important issue, churches are doing more than ever to protect the children in their care. Despite the best efforts to perform background checks and follow best practices to protect children and churches, insurance claims for sexual misconduct persist. Accordingly, the amounts and availability of insurance coverage […]
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Proper documentation is essential to the defense of future claims and in the insurance underwriting process. One of the challenges insurance carriers face is defending organizations in lawsuits involving alleged abuse. Sexual abuse and misconduct claims are unique in that the claim is most often brought years after the alleged activity. Given the extended […]
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Navigating new challenges related to abuse and insurance coverage By Gregory Love & Kimberlee Norris, Church Executive Guest Editors The limits and availability of insurance coverage for churches is growing more and more difficult to access as insurance underwriters become more disciplined, deductibles get higher, and premiums grow. Child sexual abuse coverage has become […]
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By Peter Mahler Over the last six to 12 months, churches across the United States have been noticing significant increases in their insurance premiums. Inevitably, leaders start to shop around for a more affordable policy — only to find that rising prices are everywhere. So, it’s a trend — not a specific company’s individual practices. […]
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