How Are You Supervising Your Church Insurance Needs
If you happen to be responsible for any portion of your church, you no doubt know that funds are generally an awkward burden, dampening the otherwise spiritual development of the church. Yet among the many obligations of a church, no matter if in native Indiana or anyplace else, is to protect its worshippers by providing insurance for the campus of the establishment.
Just as with any other physical structure or building, churches are subject to damage as a result of extreme weather, fire, malicious damage, and other external events. The difference with churches is that scores of parishioners are dependent upon them, and church buildings can have very distinctive and particular property. It takes a specialist panel to understand the exceptional requirements with regards to church insurance coverage. Very seldom are two churches built the exact same, and each independent and unique church premises will require its own specialized church insurance policy.
A general insurance agent might be able to offer an estimation to the quantity of coverage for your actual structure of the church building but is not likely to pay attention to how much your stained-glass windows are worth to replace. Also, knowledge of the replacement rate of a lot of the furniture is just not something which you might expect of someone lacking specialist knowledge.
If you have fund raisers, will the church insurance policy have ample liability cover? What about the clergy and committee members? Is there liability insurance coverage set to cover them should a insurance claim develop?
And churches get enough hassle as it is concerning focusing overly much on the commercial aspect of the establishment. It is thorny for an Indiana minister to work on the monetary part of the church without the congregation seeing him as being too money-focused. So in that light, it is useful for the head of the church to consider an independent agent to manage his church’s business insurance requirements. And church insurance can usually be as elaborate and complicated as a Business Owner’s Policy (more frequently stated as being a BOP), since the church, even with its spiritual contributions to society, does generally function as a company.
So lessen the burden from your weary mind, and speak to a local insurance agency that focuses on church insurance today. When you’re saving souls, they will save you dough.