At AIRS, we consider there are two important tenets of the Christian faith to consider:
- Faithful stewardship and return on investment. It is God who has so generously given us talents, gifts, assets and resources. We have a responsibility to be faithful in our use of them for his purpose, and his glory. See the parable of the talents in Matthew 25
- Wise risk-taking. The parable of the talents also indicates that when we are given a gift from God, there is an expectation of return. Stewarding gifts requires us to take risks: to not hide our light under a basket, but to shine it on a hill. The key is to take intentional, God-honouring risks, not reckless or uniformed risks.
Risk Management is simply the intentional way we relate to people, the way we manage our assets, and the way care for creation. Insurance is one way that we can be wise in protecting the resources God has given for our care.
Insurance: The Basics
Following are the different types of insurance available through AIRS. Each type of insurance is available when a premium is paid for each, and naturally they are all subject to the insurance policy terms, conditions and exclusions:
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Property (Industrial Special Risks): |
Protection for physical assets, including parish or contents and including some cover for money and personal property. The major covers including flood, storm, fire and accidental damage. Cover can also include loss of income, rentals and other losses consequential to the damage to physical assets. |
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Public/Products Liability |
Cover for liability to pay compensation to third parties for personal injury or damage to property, including liability arising from the ownership of buildings or land used in connection with the business. This is a negligence based cover, so will only be applied when the church is shown to have breached a duty of care. Molestation and abuse is included as part of public liability. |
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Professional Indemnity |
Cover for any civil liability to pay compensation and costs in relation to a claim for a breach of professional duty for an act, error or omission in the professional conduct of a parish or diocese. |
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Management Liability |
Cover for claims against directors, office holders and the parish/diocese legal entity for wrongful acts committed while acting in their capacity as a director or officer. This cover also extends to employment practices breaches. |
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Hall Hirers Cover |
Cover for third parties who hire church and diocese-owned halls. |
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Crime |
This provides protection for loss of money and property as a direct result of any fraudulent or dishonest acts by directors, employees, committees or volunteers of the association. |
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Motor Vehicle |
Insurance for commercial and/or private, comprehensive and/or third party |
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Contract Works |
Insurance for loss or damage to buildings during construction. |
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Corporate Travel |
Various covers for property and people for Anglican church representatives who are travelling overseas or interstate on church-authorised business. These trips need to be declared in advance. They may include some incidental private travel. |
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Voluntary Workers |
Various covers for people injured while engaged in officially recognised voluntary work. This cover is a no-fault cover. |
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Marine Transit |
Cover where property is damaged when being moved from one location to another. This is used predominately for clergy moves. |