Church insurance: is there a better way?
Parishes will be well aware that the cost of insurance is often one of the highest areas of expenditure and in recent years the increasing cost has become a source of concern for many.
There are a number of actions that parishes can take to help reduce the cost and there is a very helpful buying guide on the Diocesan website at http://www.dioceseofnorwich.org/files/8514/3946/4077/2015-insurance-guide.pdf
Six years ago, aware of mounting concerns about costs, the Diocese looked at the costs and other options, and as part of this, a review of claims and premiums was conducted, which many parishes participated in.
A major Lloyds broker was asked to evaluate the results and the findings were shared at national level which eventually stimulated the buying guide above.
The guide is a very helpful resource but there may be more that can be done and using a local broker, we have decided to test the market again.
To help us to do this we need around 50 parishes, preferably those who may be renewing their policy this year or next, to participate in an information gathering exercise involving details about their current coverage, premium, and claims history over the last five years.
If you would like to take part please contact David Broom on 01603 882367 or by email at email@example.com
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