Cornerstone Plus
Your religious buildings represents a major financial and personal commitment by your members. The Cornerstone Plus protects your buidlings with a solid insurance foundation. We offer flexible coverage designed to meet your needs.

Why CHOOSE GuideOne?
At GuideOne Insurance, we understand the special challenges organizations like yours face, and we work with you to find solutions. And while some solutions include insurance, we also understand it means offering additional services, from employee screening, to construction, financing, to risk management. By getting to know you and your organization better, we create an insurance plan that's specific to your unique needs. Choose GuideOne and discover why our experience makes a difference.

Insurance, without the foundation of a quality comprehensive risk and disaster study which deals with each realized risk factor, is really a disaster in waiting for your staff and those of your community of faith.  Would you think it a wise choice to never take the time to timely check your auto brakes feeling justified with this decision because you have auto insurance? Healthy life choices, as are checking your auto brakes, are the risk mangement safeguards you choose to put in place in your life, to lesson the risk of the premature loss of your life.  Ministry insurance is like life insurance, which can not stop you from dying, but can assist with the possible financial aftermath of your death. 

PROPERTY COVERAGE
Three options available- Basic Form - Broad Form - Special Form

Basic Form Includes:
  • Fire
  • Lightning
  • Explosion
  • Windstorm and hail
  • Smoke
  • Aircraft and vehicles
  • Riot and civil commotion
  • Vandalism
  • Sprinkler leakage
  • Sinkhole collapse
  • Volcanic action
Broad Form Includes all causes of loss in the Basic Form, plus:
  • Damage by falling objects
  • Weight of snow, ice or sleet
  • Accidental water damage due to leakage or discharge, including overflow of baptistry
  • Collapse of building due to certain specified causes
  • Unlimited breakage of glass
Special Form Includes all causes of loss in both Basic Form and Broad Form, plus:

Any other causes of loss that are not specifically excluded.

Examples:
  • Damage caused by acids of chemicals being spilled
  • Theft or attempted theft of part of the building
  • Theft of contents from house of worship premises


EXTRA COVERAGES INCLUDED IN THE BASIC, BROAD AND SPECIAL CORNERSTONE POLICIES:

  • $1,500,000 for newly acquired property for 180 days
  • $25,000 personal property coverage for ministers and for personal property of others in your house of worship at replacement cost
  • $25,000 coverage for valuable papers and records, cost of research
  • Ordinance or Law: $250,000 for any of the following coverages and $500,000 for any combination- demolition cost, increased cost of reconstruction and value of undamaged portion of building caused by ordinance or law
  • $25,000 appurtement buildings and property in the open
  • $25,000 for property off-premises, including property in transit
  • $10,000 total for trees, shrubs, plants and lawns; up to $1,000 per plant
  • Indirect loss- $50,000 blanket for extra expense, tuition fees, loss of rent, evacuation and proof of loss
  • $7,500 for signs in the open
  • $1,000 for church fidelity bond (higher limits available)
  • $1,000 lock replacement
  • $15,000 anti-arson reward
  • Vacant staff dwelling- no time limit
  • Sewer or drain backup
  • Actual cost for fire department service charge
  • $10,00 pollutant cleanup
  • Debris removal included in building limit (25 percent maximum) including fallen trees;$10,000 additional available
  • $5,000 radio, television antennas and satellite dishes
  • $250 anti-theft reward
  • $7,500 fire extinguisher recharge, refrigerated products loss and automatic fire suppression recharge- blanket insurance


Special Policies Available

Ask us at Phelps Financial for details.

Liability Coverage

GENERAL LIABILITY Coverage includes congregation members, employees (including ministers), officials and volunteers acting on behalf of the house of worship. This coverage protects the house of worship's legal liability (subject to aggregate and occurrence limits):
  • On all premises owned
  • For all activities conducted
  • For products and completed operations (including food consumption at church activities)
  • For advertising/personal injury liability (libel, slander and false arrest)
EXTRA COVERAGES INCLUDED
  • New construction and alterations
  • Volunteer workers and donated labor
  • Spiritual counseling
  • Damage to property of others
  • Worldwide coverage
  • Legal liability
  • Defense costs- including court costs and attorney's fee
  • Newly-acquired premises and organizations
  • Bail bonds
  • Acts of authorized persons
  • Operation by independent contractors


LIABILITY OPTIONS AVAILABLE

Non-Owned and Hired Auto Liability Provides excess liability and medical coverage to the house of worship for legal liabilities arising out of the use of a non-owned or hired auto used by your organization.
Directors, Officers
and Trustees Liability 		Provides coverage for wrongful acts of house of worship directors, officers, trustees, business administrators and ministers.
Employment Practices Liability For organizations selecting Directors, Officers, and Trustees coverage we now provide Employment Practices Liability (EPL).

EPL insurance covers a religious institution in areas relating to employment including discrimination, wrongful termination and sexual harassment.
Sexual Misconduct Liability Limits based on qualifications.
Employee Benefits Provides coverage for your legal liability for injury to the rights and interests of employees or their beneficiaries arising out of improper advice, error or omission in the administration of employee benefits programs.
Corporal Punishment May be available. Coverage subject to qualifications.
Medical Pays all reasonable medical expenses regardless of liability (subject to aggregate and occurrence limits) for members, guests, volunteer workers and campers.
  • First aid at time of accident
  • Necessary medical, surgical, X-ray and dental service
  • Ambulance service as needed
  • Emergency hospital treatment
  • $5,000 for loss of life due to covered injury

    Primary Coverage applies to:
    • Incidents occurring on or off premises

    Excess Coverage applies to:
    • Athletic activities, sports contests, day cares and schools
Medical Options, Day Care and Schools Provides excess payments of medical expenses for accidents resulting from activities scheduled and supervised by you or on your behalf.
Interscholastic Athletics Provides excess payments of medical expenses for accidents that might result from practicing, instructing or participating in athletic activities


Due to applicable state laws, certain coverages may not be available in your state. Please see policy for exact details on coverages. See Phelps Financial Services for coverage availability.

Other Coverage Available

CRIME Provides protection for loss resulting from:
  • Theft
  • Employee dishonesty
  • Forgery and alteration
INLAND MARINE Protects against loss of items such as fine art, data processing equipment, musical instruments, cameras, maintenance equipment, signs, minister's business property and other scheduled property.
EQUIPMENT BREAKDOWN Protects against rupture/explosion of pressure equipment due to corrosion, electrical motor burnout resulting from overload and electrical arcing loss from loose connections.


VALUED SERVICES FOR OUR CUSTOMERS

Any time your house of worship needs a trusted source of assistance with business-related concerns, we likely can refer you to an experienced firm whose record of service, value and integrity match our own. Added services you may take advantage of include:

For more information on these value added services, see us at Phelps Financial Services.

  • Construction
  • Financing
  • Employee and volunteer screening
  • Volume purchasing