As a ministry leader, there are plenty of responsibilities you need to look after in order to meet the needs of the ministry and community you serve. One of these responsibilities is to keep your ministry safe and protected from liability and unexpected expenses just in case an accident or damage to property happens.
Every church has different insurance needs depending on a variety of factors. With so many insurance providers out there, it can be daunting to choose the right one among them all. This is when you need to work with an insurance agent. He or she will help you determine the right policy that suits your church by understanding what your ministry needs.
If you’re looking for the right church insurance for your ministry, here’s a simple guide to help you out.
Explore Your Options
There are so many insurers out there that offer different policies for church insurance. To start the process right, be sure to choose the right insurance agent for your ministry. There are basically two types of agents. First, the captive agent who works under a certain company and sells only those policies from one insurance company.
You’ll have a limited number of options when you choose this type of agent. However, an independent agent is someone who works for several insurance companies and could help you choose the best policy for your church among all the policies he’s selling. You’ll have a wider range of options when you go for an independent agent rather than a captive.
Choose the Right Agent
When you’re already shortlisted a few independent agents, see who among them specializes in church insurance. Most likely, they are working with a church insurance company. Don’t just settle for an agent who is near your community for convenience purposes. They may know a lot about your area but you can’t be sure whether they are experienced in choosing the right church insurance for a ministry. You could ask for referrals or client references to find the best ones.
Understand the Basics
Insurance is a bit complicated to understand for some. If you’re buying one, be sure to grasp the basics first. Your insurance agent can help you out in understanding the basics of church insurance. There are core features that are covered by most church insurance such as liability, automobile, workers’ compensation, accident, and umbrella policy. Your agent will evaluate all these factors to see which one is best suited for your ministry’s needs.
Look for Additional Coverage
Aside from the basic coverage, it is best to look for policies that offer additional coverage such as day care liability, school coverage, pastoral counselling liability and equipment damage coverage. All those additional coverages will make your investment in insurance worth it.
Your agent will serve as your guide through everything that involves church insurance. Consult with your agent regularly if you have questions about insurance policies to be sure that you’re getting the right one that suits your ministry.