Is your church struggling with rising insurance costs? You're not alone! Churches across Texas are facing the same challenge, and some are even considering skipping insurance all together and going uninsured.
But is that really a wise decision?
The True Cost of Going Uninsured
Let’s meet Ted. Ted’s a member of a church finance committee. They recently got their church insurance renewal and the premium had tripled! Ted and the committee were shocked and overwhelmed. Like many churches, theirs was already on a tight budget. Ted thought maybe they could save money by cutting back on their insurance coverage or even skipping it altogether. But going without insurance can expose your church to a world of risk.
Think about it. Texas churches are vulnerable to property damage from hail, wind, fire, vandalism, and theft. Ted’s church is located in Dallas, an area prone to extreme weather. Without property insurance, Ted’s church would struggle to cover the cost of repairs or rebuilding.
And it’s not just property damage that churches need to worry about. Churches are also vulnerable to liability claims. Someone could get hurt on church property and sue. Or an employee could get injured on the job. Without worker’s compensation insurance, the church could be on the hook for a big lawsuit.
The Hidden Costs
What many churches don't realize are the hidden costs of being uninsured. If a lawsuit is filed, the legal defense costs alone can be astronomical. And if your church leaders are personally liable, their financial stability could be at risk.
Going without insurance can also damage the trust your community has in your church. If your church can’t recover from a major loss, it would affect your congregation and the wider community. Your church might not be able to provide essential help and services.
The Importance of Church Insurance
The truth is that church insurance is an investment. It’s about protecting your ministry and your congregation. You don't have to break the bank to get the coverage you need. Talk to an experienced independent insurance agent. They can help you find the right coverage at a price you can afford.
Insurance for Texans: Protecting Your Ministry's Future
Churches have unique needs that require specialized coverage. That's where Insurance for Texans comes in. We offer a True Texas Church Insurance program. It’s a comprehensive plan that can be tailored to meet the specific needs of your church.
Don't let rising insurance costs put your ministry at risk. Get a quote from Insurance for Texans today. We’ll work with you to find affordable, tailored coverage that protects your ministry's future!
