As a religious organisation, you are responsible for the well-being of your congregation. Part of ensuring their safety is making sure your property is sufficiently protected with specialist insurance coverage for religious organisations. But what types of insurance do religious organisations need? Keep reading to find out.
The first type of insurance your religious organisation should have is property insurance. This protects your physical buildings and structures in the event that they are damaged or destroyed. It can cover things like earthen dams, floors, walls, ceilings, roofs, and window panes. It can also protect against damage caused by smoke, water, theft, and vandalism. If you have any expensive equipment or art on your property, you may want to consider insuring them separately with an endorsement.
Liability insurance protects your religious organisation from being held liable in the event that someone is injured on your property or as a result of your actions. This type of insurance can cover medical expenses, legal fees, and even damages if you are sued.
There are two main types of liability insurance for religious organisations: general liability and professional liability. Whereas general liability covers injuries that occur on your property, professional liability covers injuries that occur as a result of your professional activities (e.g., counselling).
If your religious organisation owns any vehicles, you’ll need to insure them with commercial vehicle insurance. This covers vehicles used for business purposes, such as cars, vans, trucks, buses, motorcycles, and even boats. Commercial vehicle insurance typically covers things like accidents, theft, vandalism, and damage caused by weather events.
Workers’ Compensation Insurance
If your religious organisation has any employees, you’ll be required to carry workers’ compensation insurance in most states – this covers medical expenses and lost wages for employees who are injured or become ill as a result of their job duties. Workers’ compensation insurance can also cover death benefits if an employee is killed while on the job.
As a religious organisation, it’s important to make sure you’re properly insured. The types of insurance you need will depend on the size and scope of your operation, but at a minimum, you should carry property insurance, liability insurance, workers’ compensation insurance, and vehicle insurance. Make sure to speak with an experienced agent to find out what type and amount of coverage is right for you.