A religious organization, like a church, mosque, or synagogue, is focused on serving their congregation and community, along with a higher power. The thought of insurance for religious organizations may not have even crossed the minds of local religious leaders. Yet, it is hugely important in ensuring they can continue to serve that mission. As an insurance producer, you have an opportunity to help religious organizations do their important work without worrying about liability.
The Need for Insurance for Religious Organizations
Insurance for religious organizations protects against risk, which can show up in many different ways. Property damage is a common concern for religious organizations. Vandals and criminals frequently target places of worship and other disasters can strike, too. Without proper insurance in place, the religious organization is left paying for repairs and replacements.
With all of the people who come in and out of religious organizations, including kids, volunteers, and staff, liability insurance also protects against any bodily injuries sustained on-site or caused by members of the organization. For example, a woman in Illinois received $675,000 after falling on church stairs that were not up to code. That recovery was paid out by the church’s insurance company.
Professional liability is also important if a professional member of the organization is accused of wrongdoing. Allegations of abuse have long been a problem for religious organizations and such cases can be costly. One 2019 news article links a wave of sexual abuse lawsuits – following a change to the statute of limitations in many states – to potential payouts of over $4 billion.
Prime now provides communicable disease coverage as an optional add-on to your insurance policy. Other companies are tightening guidelines while we’re opening our eyes, providing solutions, and willing to offer communicable disease coverage to ensure our insureds don’t have any blind spots/gaps in coverage. Religious Organization Insurance should include this specialty coverage so the insured can operate his or her organization with true peace of mind.
When you can offer your clients insurance for religious organizations, you are helping to ensure that they can continue their activities without fear of liability, risk, and what it could cost. You can also expand your business by writing for more risk classes.
Working with Prime Insurance Company for Religious Organization Insurance
It is true that there is a lot of risk involved with religious organizations. Many of your clients may have thought about securing coverage but were previously turned away. Or they may have thought that it was not possible due to the high level of risk. Under these circumstances, Prime Insurance Company is your ideal partner to provide the right coverage for your clients involved with religious organizations. Thanks to our extensive experience, skilled underwriters, and top-notch risk management team, we work through every way to provide comprehensive coverage, even when there is a lot of risk involved.
This is not one-size-fits-all liability insurance that fails to protect when the time comes. We work to provide quality industry and line-specific underwriting, so your clients can rest assured that their insurance for religious organizations is tailored to their needs.
Our partnership approach includes robust risk management, which is unmatched in the insurance industry. Our team is made up of experts who know the hazards of different industries and situations. They use this information to advise insureds on how to best avoid, manage, and mitigate risk, which can help them avoid costly claims. It’s beneficial for everyone involved and adds even more value to your partnership with Prime Insurance Company.
Of course, if there is a claim, our in-house team is just as skilled in that department. They will help your religious organization clients through their claims with expert industry and legal advice, providing 24-hour assistance and regular communication. We handle claims as efficiently as possible, without compromising on fairness or our standards for service and quality.
Setting up Insurance for Religious Organizations With Prime Insurance Company
Your clients operating within religious organizations should be able to focus on all that they are doing for the world around them, rather than all of the risks and problems that could come about. With a partnership between you, Prime Insurance Company, and your client, they can do exactly that, leaving the risk management and comprehensive coverage to us.
We are happy to help you add insurance for religious organizations to the business you write. Get in touch with us to learn more. To get started with a quote, use our online application today. You can also call Prime Insurance Company at 800-257-5590 or email us at info@primeis.com. As ever, you can connect with us on Facebook, Twitter, YouTube, LinkedIn, and Instagram, or read our blog!
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Authored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.
