If your church is important to you, you understand just how important it is to the community at large. It’s not just a place where people get together each weekend for Sunday service. It’s a community center, a neighborhood meeting place, and a just a place where you can get away and be alone if you want.
On some level, a church is a business. It requires money to operate and is filled with assets both personal and financial. Like other businesses, you should attempt to properly cover it with insurance. The truth is, a lot of people have never even heard of this type of coverage.
Insuring a church is different than insuring a typical business. One reason for this is that while there are some employees, much of the staff is comprised of volunteers. This presents a different situation when it comes to choosing the right policy for your building and the people who come in and out of it each day. There are some considerations that need to be made to ensure that your church doesn’t incur any unnecessary financial risks down the road. There are two common types of church insurance.
2 Type of Church Insurance
1. Property – This type of coverage is responsible for all of the physical assets associated with your church. This means that it will cover the actual building, the property around it, and any valuables inside. This is the most important kind of insurance and every church should have it.
2. Liability – This part of the coverage plan is concerned with everything not related to the building or its assets. It is possible that someone could fall or hurt themselves in some way while on the premises. This coverage will protect you if something like that happens.
There are some other types of insurance you can get if you offer specialty services to your congregation members. One prime example of this is for those congregations that offer daycare services to their members. This protects the children and the daycare providers.
There are a variety of companies that offer church insurance Wesley Chapel FL has to offer. Be sure to get a wide variety of quotes before making your decision as each company offers different levels of coverage at different prices. As a general rule, you should be spending about 10% of your annual budget on insuring your church and it’s members.