Title: Business Insurance Coverages for Your Church
Headings: Business Insurance for Your Church
Business Insurance for Your Church
Churches Are No Longer Immune From Lawsuits
Sources of Coverage
Property Insurance
Liability Insurance
General Liability Coverage
Umbrella Liability
Errors & Omissions Coverage
Business Auto
Workers Compensation

Content: Property Insurance
All churches need property insurance. A commercial property or business owners policy will protect your organization against loss or damage to church-owned buildings and personal property. Church property may be insured for its actual cash value or its replacement cost. While coverage based on actual cash value may be appropriate for an older building that's not in good condition, most churches should be insured for their replacement cost. The building limit should be high enough to cover the cost of reconstructing the church if it has been completely destroyed by a fire or other insured peril. Churches should also consider purchasing building ordinance coverage, which covers the extra costs of repairing or reconstructing the building so that it meets current building codes. Without this coverage, a church could large out-of-pocket costs for required upgrades. All property the church owns should be insured under the property policy. Church-owned buildings may include meeting halls, parsonages, education centers, and living quarters inhabited by members of the clergy. Examples of personal property are furniture, office supplies, and computers.