All Risks Limited Provides Coverage for Places of Worship

PRODUCT: All-lines program for religious institutions

COMPANY: All Risks Limited

BEST RATING: A (Excellent)

AVAILABILITY: Coverage is available on an open-brokerage basis.

FOCUS: Church-related crimes are on the rise. Misconduct that occurs on church property, during church activities or under church supervision which involves individuals acting on behalf of a church or even a church’s parishioners has increased liability for many religious institutions.

Churches and other religious institutions must thoroughly safeguard themselves against potential pitfalls, from settlements and bankruptcies for sexual misconduct to fraud and embezzlement by church employees. All Risks Limited addresses these dangers with a comprehensive package policy for small to midsize churches with property values of $5 million and under per location, says Bryan Meyer, assistant vice president of All Risks Limited.

The policy includes coverage for sexual molestation, pastoral professional, employment practices liability and directors & officers liability. “This is a new program for All Risks, but I personally have managed this class of business since 2002, working on both the carrier side and the managing general agent side,” Meyer says.

In addition to basic liability and property coverage, the program offers key coverage extensions as well as additional line availability for business auto and workers compensation.

UNDERWRITING: The program includes general liability, property, key coverage extensions and additional lines. Limits are available for $50,000, $100,000 and $250,000 coverage extensions. Coverage also includes equipment breakdown and $100,000 of business income at no additional charge.

The Property Plus Direct Damage endorsement includes: accounts receivable, automatic fire suppression system recharge, consequential loss, debris removal, electronic data equipment and media, employee dishonesty, fine arts, fire department service charge, fire extinguisher recharge, forgery and alteration, money and securities, non-owned trailers, outdoor property, outdoor signs, personal effects and property of others, pollution cleanup, property in transit, property off premises, reward, appurtenant structures, bridges, roadways, walks, patios or other paved surfaces, foundations of building structures, machinery or boilers, underground pipes, flues, drains, business personal property temporarily in storage units, valuable papers and records, contract penalty, tools, and key replacement and lock repair.

MINIMUM PREMIUM: Products are flexible and tailored to fit each client. For example, a tenant-based church may pay as little as $650 for property and liability coverage.

TARGET: Small to midsize houses of worship with less than $5 million in total insurable value. Professional- and GL-only coverages are available for institutions with fewer than 2,000 in weekly attendance. Coverage is available for risks with onsite daycare or a preschool, but not those with primary or secondary education or college facilities.

COVERAGE TERRITORY: All U.S. states except Hawaii.

CONTACT: Bryan Meyer, assistant vice president; All Risks Religious Institution Program, 3140 Neil Armstrong Blvd., St. Paul, MN 55121; 877-965-0123, ext. 8201.

Ronimarie Acord is an IA contributor.