Workers’ Compensation Best Practices

Business owners go to great lengths to provide a safe working environment for their employees. However, when dealing with humans, accidents can happen, and Workers’ Compensation Insurance can help.  Workers Compensation Insurance should be an important part of every risk management program.

What Is Workers’ Compensation?

Workers’ compensation insurance is insurance that provides lost income, medical benefits, disability benefits, and rehabilitative services for workers injured on the job or while performing work-related duties.

Why Your Business Needs Workers’ Compensation Insurance

When an employee gets hurt on the job or has a work-related illness, only workers’ compensation will cover them.  Health insurance benefits will not provide coverage for on-the-job injuries.

What Is the Best Way to Keep Costs Down?

  • Provide training for hazardous work, especially for new or inexperienced workers.
  • Enforce safety rules and practices.
  • Enforce drug and alcohol rules.
  • Require safety equipment to be worn at all times.
  • Keep work areas clean.
  • Workers should not wear loose clothing or jewelry around machinery.
  • Where required, workers must wear protective equipment such as goggles, safety glasses, masks, gloves, hairnets, etc. appropriate to the task.
  • Safety equipment such as restraints, pullbacks, and two-hand devices are designed for worker’s protection. Be sure such equipment is adjusted for each worker.
  • Do not ever remove machine safety guards.
  • Develop a system for reporting unsafe practices.
  • Have monthly safety meetings that review safety issues and related topics.

Create accident investigation procedures that focus on prevention and change.

Christian Ministries Insurance is committed to providing sound advice and insurance products to churches, universities, Bible colleges, private schools, camps, mission organizations and other 501c3 and related ministries.

What Christian Ministries Insurance can do for You

Christian Ministries Insurance will provide sound advice, training and insurance programs designed specifically for your ministry. We provide much of our unique risk management consulting services at no additional cost.

Posted in Church Insurance Church Risk Church Safety Workers compensation by Scott Stuart. Comments Off on Workers’ Compensation Best Practices

Workers’ Compensation Best Practices

Business owners go to great lengths to provide a safe working environment for their employees. However, when dealing with humans, accidents can happen, and Workers’ Compensation Insurance can help.  Workers Compensation Insurance should be an important part of every risk management program.

What Is Workers’ Compensation?

Workers’ compensation insurance is insurance that provides lost income, medical benefits, disability benefits, and rehabilitative services for workers injured on the job or while performing work-related duties.

Why Your Business Needs Workers’ Compensation Insurance

When an employee gets hurt on the job or has a work-related illness, only workers’ compensation will cover them.  Health insurance benefits will not provide coverage for on-the-job injuries.

What Is the Best Way to Keep Costs Down?

  • Provide training for hazardous work, especially for new or inexperienced workers.
  • Enforce safety rules and practices.
  • Enforce drug and alcohol rules.
  • Require safety equipment to be worn at all times.
  • Keep work areas clean.
  • Workers should not wear loose clothing or jewelry around machinery.
  • Where required, workers must wear protective equipment such as goggles, safety glasses, masks, gloves, hairnets, etc. appropriate to the task.
  • Safety equipment such as restraints, pullbacks, and two-hand devices are designed for worker’s protection. Be sure such equipment is adjusted for each worker.
  • Do not ever remove machine safety guards.
  • Develop a system for reporting unsafe practices.
  • Have monthly safety meetings that review safety issues and related topics.
  • Create accident investigation procedures that focus on prevention and change.

Christian Ministries Insurance was created specifically to serve Christian churches, schools and other related ministries. Our mission is simple; provide comprehensive insurance products at competitive prices while building a solid relationship with our clients. We do this through our day to day service, scheduled meetings,

Test Your Business Insurance IQ

A Business Insurance Update

We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your business insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.

Business Insurance Quiz (answers at the end)

  1. Your deductible is the amount you are responsible for if a covered loss occurs. True       False
  1. Flood and earthquake coverage are always part of your business property coverage. Ture       False
  1. Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e-commerce, but it does not exist. True       False
  1. Business Interruption covers your lost income no matter what kind of loss closes your business. True       False
  1. My employees are prohibited from suing me, as this would be a workers’ compensation claim. True       False

We maintain relationships with underwriters who are specialists in the commercial property insurance arena, and we consistently monitor the marketplace for new and innovative underwriters. We will evaluate your specific business needs and make personalized recommendations for your business.

Christian Ministries Insurance was created specifically to serve Christian churches, schools and other related ministries. Our mission is simple; provide comprehensive insurance products at competitive prices while building a solid relationship with our clients. We do this through our day to day service, scheduled meetings,

Answers

  1. True-
  2. False- You need to add this coverage under a separate policy
  3. False- Cyber insurance can be purchase by all business
  4. False- Business interruption only applies to covered losses under the policy
  5. False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged. You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.
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Posted in Church Insurance Church Risk Church Safety by Scott Stuart. Comments Off on Test Your Business Insurance IQ

Test Your Business Insurance IQ

A Business Insurance Update

We don’t expect you to be experts in business insurance, but we thought it might be fun to test you on what you do know about your business insurance. Business insurance is designed to cover unexpected losses. We can offer a wide range of business insurance options, so please call our office today.

Business Insurance Quiz (answers at the end)

  1. Your deductible is the amount you are responsible for if a covered loss occurs.

True       False

  1. Flood and earthquake coverage are always part of your business property coverage.

 

Ture       False

 

  1. Cyber Insurance is protection against losses caused by hackers from businesses dealing strictly in e-commerce, but it does not exist.

True       False

  1. Business Interruption covers your lost income no matter what kind of loss closes your business.

True       False

  1. My employees are prohibited from suing me, as this would be a workers’ compensation claim.

True       False

Christian Ministries Insurance is committed to providing sound advice and insurance products to churches, universities, Bible colleges, private schools, camps, mission organizations and other 501c3 and related ministries.

What Christian Ministries Insurance can do for You

Christian Ministries Insurance will provide sound advice, training and insurance programs designed specifically for your ministry. We provide much of our unique risk management consulting services at no additional cost.

Answers

  1. True-
  2. False- You need to add this coverage under a separate policy
  3. False- Cyber insurance can be purchase by all business
  4. False- Business interruption only applies to covered losses under the policy
  5. False- Your employees have rights under federal and state laws to sue you if they feel they have been wronged. You would need employment practices liability insurance in order to protect you and your business from employee lawsuits.
Tags: , ,
Posted in Church Insurance Church Risk Church Safety Workers compensation by Scott Stuart. Comments Off on Test Your Business Insurance IQ

Don’t Let Your Church Go Up In Smoke

Most every Church owns business property, which may include the building in which you run your operations. Property insurance protects the physical assets your business owns – such as computers, office equipment, buildings, furniture, fixtures, and other property. Every business should have a comprehensive property insurance portfolio to respond to the many risks associated with property ownership.

We hope to help you indemnify a proactive plan in the event of a fire, theft, storm, or some other kind of damage that might involve your business insurance policy. There are a number of actions you can do to help get the best possible settlement from the insurance company.

Pre-Loss Practices

• Maintain vital records
• Have photos of all buildings, major equipment, etc
• Blueprints- keep complete sets
• Keep at least 5 to 10 years of financial records
• Appoint key individuals as communicators
• Have emergency response plan
• Secondary locations identified

During The Loss

• Notify the insurer
• Protect the property
• Track claim costs
• Separate budget line items
• Keep records of all internal and external costs
• Make temporary repairs
• Communicate with insurer as to the use of any consultants
• Meet regularly with the agent and Insurer
• List and address key issues and concerns
• Note any changes from original design
• Will you rebuild or not?
• What might cause delays?

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Posted in Church Insurance Church Safety by Scott Stuart. Comments Off on Don’t Let Your Church Go Up In Smoke

Mission Trip Mishaps

Many churches support full time foreign missionaries who are usually associated with other para-church organizations and/or denominational headquarters.  However, in the past decade, many churches have chosen to send out their own short and intermediate term mission teams.  These teams are being sent for various reasons.  Primarily to help the people in the foreign country accomplish a task or training that could not be done in country.  One important bi-product or result is that volunteers are growing up in their faith by participating.

Because missions have become such a strategic ministry, more and more churches are doing them.  However, for most churches, planning and training can be minimal.

Below is an entry for a claim report that came from a West Coast church on a short term mission trip to Japan in 2005.

A team in Japan was snowboarding on their free day, and a youth group member lost control of his snowboard, and ran over a Japanese girl, shattering her ankle.  She was rushed to the hospital in an ambulance and required surgery and one month of treatment, before she could return home.  The team member (and team) obviously felt horrible and apologized to the family and even took fruit and flowers to the hospital, which their host church advised them to do. The Japanese family appeared to accept their apology.

The team returned to the US, only to find out that the Japanese family filed an international lawsuit against the ministry – charging the Youth Pastor with negligence and suing for damages.

Fortunately for this church, not only did they train well, they purchased Brotherhood Mutual’s Passport To Ministry Option 1 and were covered for this claim.

If this was your church, would there be coverage?  Not from your current U.S. insurance policy. All liability ceases when you go outside the U.S. and her territories.  You must purchase Foreign Liability coverage.  For your next mission trip, consider Brotherhood’s Passport To Ministry.  Call us for a free quote.

What type of insurance does my church or ministry need?

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Risk Management For Churches

Budget for cost of insurance changes.
The insurance market is cyclical; if prices have been low or dropping over the past year, they eventually will go back up. You must account for this change within your budget and be prepared for a premium increase next year.

Limit your exposure to losses!
You need to make your company attractive to insurers. This is called the loss ratio; it is the premium paid divided by the cost of claims incurred. This will lead to your business being offered lower premiums.

Become a valuable account to your insurance carrier.
Insurance companies have limited ability to underwrite business insurance (due to the risk exposure!). Hence they will choose what they feel to be the most profitable risks to insure. It is important to make sure you are one of the good risks that they want as part of their book of business.

Evaluate your exposure to risk by choosing the correct deductibles.
The general principle is: the higher the deductible, the lower the premium. By analyzing past losses in conjunction with insurance premium quotes for different deductible options, it becomes clear which deductible is best.

Make sure your property values and your policy limits are accurate.
Accurate values and limits mean you are adequately covered, and ensure that you aren’t paying an excessive amount.

CMIrisk is an independent insurance broker that specializes in working with churches, ministries and non-profits.

5 Insurance Myths

I get questions from churches all the time about their insurance options—especially when there are misunderstandings and myths about how insurance companies work. With accurate information, you can make decisions with more clarity and confidence.

My insurance company, Brotherhood Mutual can help separate fact from fiction with these 5 easy explanations of standard insurance questions;

Myth #1: We don’t need liability insurance. No one would sue a church.

Churches may have enjoyed some immunity from lawsuits in the past, but that’s not the reality anymore. Just like any other public gathering place, a church could get sued if someone were to get injured by slipping on an icy sidewalk or falling down stairs. Churches have also been sued for the sexual misconduct of former employees and volunteers.

If a church wants to protect itself against the expense of a devastating legal judgment, investing in a comprehensive liability insurance policy is a wise move.

Myth #2: Our benefits should roughly equal the premiums we’ve paid.

If you pay premiums for years without making a claim, you may feel that you’re not really “using” your insurance. But remember why you buy insurance. It’s not to pay small claims that you could afford within your annual operating budget.

It’s to help your ministry survive a devastating event, such as a fire or tornado that destroys ministry buildings. In such a scenario, your insurance would help you rebuild, plus cover the operating expenses required to keep your ministry going at another location.

Your benefits will far exceed any premiums you have paid, and you’ll be grateful you had coverage. If you wish to reduce your premiums, consider opting for a higher property deductible, such as $1,000 instead of $500. This would reduce your insurance premium and make you less likely to file claims for issues that cost less than $1,000 to repair.

Myth #3: Our insurance policy will cover everything that could possibly happen.

Even the best insurance policy can’t promise total protection. While your standard church insurance policy will repair or replace your building if it’s struck by lightning, fire, high winds, or even a terrorist’s bomb, it won’t pay for earthquake- or flood-related damage. You’ll need supplemental policies for those risks. Some events aren’t even covered by supplemental insurance.

The only way to know exactly what’s covered and what’s not is to read your policy. If that seems daunting, consult an insurance agent who is knowledgeable about ministry needs and can explain insurance concepts in layman’s terms.

Myth #4: All insurance companies are the same

While many companies offer property and casualty insurance, they can differ drastically in the types of coverage they offer, their knowledge about ministry needs, and their financial ability to pay claims.

An insurer that specializes in ministry insurance will be better at identifying and managing risks unique to churches than a company that primarily insures standard businesses. A company rated “A” or better by the A.M. Best Company will be more financially stable than one with a “B” or “C” rating.

To make sure you get the best company for your ministry, call others insured by the company and ask about their experience.

Myth #5: Less is more

Buying the minimum amount of liability insurance required might seem like a good idea. If you think you’ll never get sued, it makes sense to keep your premiums as low as possible.

But saving a few dollars on premiums could cost you a lot. For example, if you carry no liability insurance on church vehicles—or very little—a simple traffic accident could put your ministry’s assets at risk.

Let’s say that the church van blows a tire and rolls over in a ditch. Several people are severely injured; one is paralyzed. Your church could be found responsible for paying the victims’ medical expenses, lost income, and care for the rest of their lives.

If a court orders a higher judgment against the church than your insurance policy provides, your ministry’s assets could be pursued.

Summer Missions Trips

 

As your ministry finalizes your summer missions trips, we offer a few ideas to make the trip as safe as possible.

A signed activity participation agreement from each person going on the trip. A well-written agreement spells out the risks involved in participating in the trip and documents emergency contact information, as well as medical information such as allergies. Finally, the agreement should establish a covenant. In exchange for their ability to participate in the activity, participants agree not to sue the church and to reimburse the church for any legal damages. If the traveler is a minor, the agreement should be signed by both parents or legal guardian.

Photocopies of each team member’s health insurance card, passport, and visas, if applicable.

Contact information for the nearest American embassy or consulate, as well as local police.

read more here

Posted in Church Risk Church Safety by Scott Stuart. Comments Off on Summer Missions Trips