Defing Terms And Procedures
Assisting ministries with developing, perserving and restoring trust, with excellence.
First lets define the term insurance, to see how risk management and insurance work together for our clients: The critical element to view this with is balance for your ministry.
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.
Risk Management defined. The process of making and implementing decisions that will minimize the effect of accidental loss for yourself or an organization.
Risk Management, Its importance today:
As a person boards an airplane today, they may find the screening and checking which is required bothersome, but most would not think of boarding without it being done, because of their perceived view of the risk involved today. In like manor people are likely to avoid attending or working with your ministry when these are missing for the same reasons. We believe effective risk management is necessary for a ministry to be dynamic and growing today. We offer to assist your ministry with time saving up to date information, suggested safeguards and other written procedures, workshop at your ministry location, that are effective in bringing your risks into a more manageable position.
Risk management is the foundation for all insurance, without which, you are building on quicksand in our litigious culture of today. It is critical to understand that insurance today is more than the purchase of a policy booklet that is put in a draw. That is like building a house on quicksand. Its foundation must be developed with the assistance of a knowledgable risk manager that reviews your risks and developes a program with techniques that meet your specific risks. Today we need people with integrity, and who are risk management focused, because they have a clear vision of people, property, litigation, and financial loss. People want to know, when they are involved with organizations today, that their children are safe with the organization's programs, transportation, employees, volunteers, and property, and that data record integrity is important. People would like to know that individuals offer the same integrity in their personal dealings today as they interact with them. It is most unfortunate, today, that we live in a society that has far too often chosen to overlook the fact that there are consequences which can be both good or bad for the choices we make concerning our actions, what we think, say, or whatever else, might have an effect on ourselves or the organizations we have chosen to be a part of. These choices often leads us down a path of negligence which is the cause of a lot of property damage, loss of life, limb, moral indiscretions, as well as most litigation today against ourselves and the organizations we are a part of. It is the premise for today's risk management and the reason for its necessity.
Your position with us. As a client we would like you to know that your efforts are an important part of your insurance program with us today. For an insurance program to provide the best possible benefit, at the best possible price, it is critical that we have current data that is specific to your risks which have been properly reviewed for their frequency and severity. The Risk Management that we assist you with is the foundation upon which a good insurance program is built. Without this relationship, which we build with you, you may have a policy with great provisions, but do they meet your specific needs when a loss is presented? I am sure you have known of people and organizations who have coverage with good insurance companies, but when a loss was presented, they were often left with no benefits to assist them with their loss. We firmly believe proper risk management may lessen your risks; some may be spared moral loss, loss of sight, limbs, life, health, property loss or financial loss. Insurance can assist with the aftermath of a risk loss, but only proper risk management may prevent or lessen the effect of risk loss. For a sound risk management program, it takes a team effort that is built on a solid on-going relationship with people who care enough to take the time to be involved with us. We can help you with current insights, training, materials, resources, and our personal involvement to review and encourage your efforts, plus, we can be your advocate to represent your risks and how they are being dealt with to the insurance company. Only an on- going relationship with our clients can offer these benefits.
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The Risk Management Report Card is the data I must collect and review ninety days prior to your renewal with the insurance company home office underwriter. This report has a major impact on your renewal premium. Please take some time to review the elements of this report so that we can work together for your best premium and less risk. To assist us with the advantage of being on the same page, we have included on our web site many sample form suggestions, data collection forms, and other helpful data which covers a wide variety of the risks that you may be presented with, today, as an individual, religious organization, or commercial business. Please locate your risk type on our web site for the specific data that applies, if our relationship is as an individual, religious organization, or commercial business, by back clicking on your brouser to the previous page.
We view our position as your a partner and professional advisor, as you allow us come alongside you and offer professional assistance which most find necessary today. Other agencies can provide you with the source of an insurance policy which you could purchase and file for some future need, but we offer much more with an on-going, growing relationship that is designed to meet your specific needs as we work, learn and interact together. Thank you for the opportunity of allowing us the privilege of working with you for your personal risk and insurance matters or your organization, whichever may be the case for our relationship, in these challenging and changing days that we currently find ourselves in. We will diligently work to provide you with our best efforts, products and service. We trust you will compliment these with your best efforts for the successful team that is necessary for you today. You can contact us with questions, concerns, data updates, or other reasons you feel necessary by email :
dphelps@phelpsfinancial.com or by toll free phone 877-471-7997 for the states of OH, MI, KY, WI, IN
