If you operate a religious organization, you may not know what types of insurance you need to cover your organization. Each organization can have individual needs, but we can help you understand which insurance coverages are a fit for your organization. We work with a multitude of insurance companies that have packaged policy plans for religious organizations.
Types of Insurance Churches Need
In general religious organizations need three major coverages to protect themselves. These coverages are:
- General Liability
- Property Insurance
- Directors & Officers Liability
Below will be an in-depth explanation of each coverage.
For churches and religious organizations, General Liability insurance is a must. It usually contains up to $1m in Pastoral Professional Coverage, and contains abuse and molestation protection at no extra cost. It protects your church or religious organization in the case of an accident that causes bodily injury or damage to someone’s property, and it usually covers any legal fees.
When your church’s property is damaged, destroyed, lost, or stolen, your organization suffers a financial loss. In some cases, it can be a devastating loss. Property Insurance offers protection for your tangible property -- your buildings, property, and belongings. According to Brotherhood Mutual data, there are around 1,800 fires annually in religious organizations that cause nearly $100M in damage.
Directors & Officers Liability
Every church or religious organization has its leaders. These people are the backbone of your organization, and need to be protected. These people include your board of directors, trustees, and officers. In the event that one of them is sued by a member or employee of your church, this will protect them and cover any legal fees.
As always, be sure to speak with a licensed insurance expert to find the perfect policies for your business.