The Life Cycle of Risk (Your Growing Church)

Host Ron Wadley of Insurance for Texans wraps up week two of a series on church growth by covering phases three through five and how insurance needs change as churches expand. Phase three, the seven-day church with a permanent lease and weekday activities. This phase requires coverage beyond general liability, including pastoral liability for counseling, abuse and molestation coverage for youth programs, and workers’ comp as staff are hired. Phase four is becoming a property owner. It brings the need for full property insurance and other insurance policies such as cyber liability insurance. Phase five is the megachurch with large or multiple campuses and programs like schools or counseling centers. This phase involves complex risks and additional insurance needs. Connect with our church insurance team at insurancefortexans.com Download a free copy of our book, The Promise of Certainty, at thepromiseofcertainty.com 00:00 Show Intro 00:26 Series Setup 00:47 Phase Three Seven Day Church 01:30 Phase Four Property Owner 02:10 Phase Five Mega Church 02:50 Coverage Must Match Reality 03:15 Next Week And Resources 03:35 Closing Charge