Protect Your Board Members

Serving as a board member or officer often inspires a special sense of responsibility for many who serve in such a role at their church or related ministries. That responsibility, however, also carries with it certain financial risks connected to the outcome of board actions. For example, a board member or ministry officer could face personal liability for a variety of damage claims, some of which include:

  • Failing to maintain adequate financial records
  • Developing and applying membership standards that favor one group or individual over another
  • Exceeding the authority that the organization’s charter or bylaws grant to the board
  • Using budgeted or donated money in a manner different from the originally designated purpose
  • Failing to preserve the church or ministry’s tax-exempt status

In most cases, standard general liability insurance policies don’t cover claims against directors or officers resulting from failure to perform their duties. Churches and ministries must purchase separate liability coverage to protect ministry leaders from financial damage claims.

Why Purchase D & O Insurance Coverage?

Although many states have enacted legislation providing some protection for directors and officers of not-for-profit organizations, your church or related ministry should have D & O insurance protection for several reasons:

  • D & O insurance provides defense funds to refute a claim or to prove immunity under the state law.
  • Although your state may have legislation protecting not-for-profit directors and officers from lawsuits, a covered claim may fall outside the protection of the state statute.
  • D & O coverage usually includes the organization as an insured; state immunity statutes often don’t.
  • If state laws don’t protect your ministry and its board, and someone brings a successful suit against you, D & O insurance pays covered financial damage claims that directors and officers are legally responsible to pay.

Check with your insurance agent to learn more about how this valuable coverage can protect your ministry and its leaders.

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HR Document Library at your Fingertips
HR Document Library at your Fingertips
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Highlights from Recent Security Training Events
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Wind and Hail – Deductible Buyback
Wind and Hail – Deductible Buyback
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Common Questions About Our Agency
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Kingdom Advancing Grant
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ACG Retreat in Kansas City
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Loaning Your Ministry's Facilities
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Protecting You and Your Ministry Partners
Tags: insurance, coverage, ministry
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Better Achieve Your Mission in 2023
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November 18, 2022
Our Team is Growing, Again!
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We Want To Hear From You!
We Want To Hear From You!

There are a lot of hats worn in any growing ministry – and we want to serve every one of them. 

Tags: insurance
November 10, 2022
Evaluate Your Ministry's Fire Safety Plan
Evaluate Your Ministry's Fire Safety Plan

With the holiday season right around the corner, it’s wise for ministries to evaluate their fire safety plan. Whether your ministry is hosting a holiday party, prepping treats for charity, or running a community kitchen, make sure you’re well-prepared with these tips.

Tags: insurance, property, volunteer safety, fire safety
November 10, 2022
Holiday Season Safety & Security: 3 Things to Plan Before Christmas
Holiday Season Safety & Security: 3 Things to Plan Before Christmas

The holidays present unique opportunities and challenges for churches that aren’t typical during other times of the year. A lot of the ministries that I work with are seeing steady increases in attendance and are praying for a significant jump in Christmas service participation this year. 

Tags: insurance
October 26, 2022
October 2022 Blog: What is a 403(B)(9) Retirement Plan?
October 2022 Blog: What is a 403(B)(9) Retirement Plan?

In this article, Brad Brown from Plan A Wealth Management gives a wonderful insight into why ministries might consider choosing a 403(B)(9) retirement plan.  

Tags: insurance, property, taxes, retirement, retirement plan
September 21, 2022
Inflation's Major Impact on Ministries
Inflation's Major Impact on Ministries
Tags: insurance, schools, churches, building, property
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Report Reveals How Students are Feeling About Their Safety at School
Report Reveals How Students are Feeling About Their Safety at School
Tags: insurance, schools, building, property, child safety
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Top 10 Requested Forms
Top 10 Requested Forms
Tags: insurance, schools, churches, building, property