Happy Thanksgiving!!! This week, as you, your church and congregation are coming together in celebration, also remember to show appreciation for all you have been blessed with. Give thanks for good health, harmony, friendship and, of course, safety. Even in times of loss and struggle, it is important to also remember our blessings. From all of us at Integrity Now Insurance Brokers, we want to wish you a Happy Thanksgiving! Five
5 Things to Consider When Purchasing Church Insurance
When it comes to protecting your ministry, there are many steps that should be taken. One of the most important aspects of ensuring your organization is protected from a severe loss is choosing the correct insurance policy to fit your needs. A common practice is choosing a church insurance company or policy based on price. However, it is important to consider your needs and values when weighing different insurance options as well. Consider the following five questions when shopping for insurance:
1.Is the company financially strong? A.M. Best is the insurance industry’s recognized measurer of financial strength. An insurance company with the rating A++, A+ (Superior), A, A- (Excellent), B++ or B+ (Good) is considered a secure company. These ratings are a good indication of the company’s past performance and their stability.
2.Is the coverage offered adequate? Often times, churches will have additional areas or structures associated with their ministry, such as a gym or coffee shop. Check the insurance policy and ensure that it covers all aspects of your facility. Be sure the coverage would protect you, and is a good value for the money you’re spending.
3.Does the company have a history of good settlement practices? Looking at a company’s history regarding past settlements can be a good indicator of the company’s ability to follow through on promises they make. You also want to make sure they are timely and fair. Look into a consumer buying guide or J.D. Power and Associates to find out more information.
4.Does the company provide value-added services? While the insurance coverage may be great for protecting your organization, also look into preventative resources available, such as risk management tools, assessments, training videos and education pieces. Additionally, discounts to vendors are another great added benefit.
5.Is the company easily accessible? Your insurance company and coverage policy are an important aspect of your ministry. It is important that communicating with a company be quick and easy, as often times, a matter that requires insurance perspective is of high priority. Additionally, find out if you can easily contact them with policy changes, if they have an online policyholder website or if you can make payments online.
Working with the right insurance company with the right policy can make all the difference in fully protecting your church facility, congregation and ministry. If the unthinkable were ever to happen at your church, make sure you have the right company to support your values and needs.
Integrity Now Insurance Brokers will ensure your church is placed with a carrier that specialized in Church Insurance and we will make sure you have all the needed coverages to protect your church and congregation.
Integrity Now Insurance Brokers, Inc.