church risk control Archives - Church Executive


Moving beyond insurance — and staying there!

Stay “risk aware” or beware! 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. Reality dictates, however, that even if you substantially self-insure your risk (i.e., employ “alternative risk financing”), and no matter what […]

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Passing the ‘hot potato’ – Contractual Risk Transfer

By Michael J. Bemi Most recently in our series on moving “beyond insurance,” we examined Claims Management. Now, we undertake the next step in our journey: Contractual Risk Transfer. First, we acknowledge that since this series of articles moves us “beyond insurance,” this mandates some level of Risk Retention — a self-assumed level of loss […]

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Internal controls keep fraud at bay

“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.

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Risk control: An often-ignored — but critically important — ministry

An often-ignored — but critically important — ministry

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