| "Churches don't often worry about the potential costs of risks," Richard Hammar wrote. "After all, mishaps and emergencies are covered by wide-range property and liability insurance, right? In fact, church leaders may not fully understand the degree to which certain risks remain or the potential costs associated with these risks. They also may not know the limits of the policy, or how much of the risk is actually transferred with insurance." If a significant loss were to occur tomorrow at your church, is your insurance coverage enough to pay for it? If not, has your church developed alternative means to make up the difference? In the ongoing assessment of potential liabilities a church may face, these are significant questions that leaders must wrestle with before a problem arises. Take time now to do just that. A great place to start is Rich's article. Then, to go deeper, check out Understanding Church Insurance, a Church Law & Tax downloadable resource. Also this week: Find out how one church responded when a trusted minister embezzled from the missions fund. For more on embezzlement in the church, turn to our special collection of articles on the topic. Trying to help your church board get a handle on risk management? This downloadable resource can get you started. The Lord bless you and keep you, |
