1. Is there more to RISK MANAGEMENT than PRAYER?

2. David Ellison ACII Insurance Account Executive Kingdom Bank

3. Role of the Risk Manager Tools for the Risk Manager Risk takers for the Kingdom

4. Role of the Risk Manager To identify and manage the exposure to risk Risk averse or Risk taker? Holistic risks

5. Role of the Risk Manager Evaluation of Risk What is the Likelihood? What is the anticipated Severity?

6. Evaluation Likelihood Severity

7. Tools of the Risk Manager Prayer Insurance Risk Assessments Legislation Leaders and Trustees Internet

8. Tools - Insurance Wasted premiums! Effects of under-insurance Unoccupied premises Limits of indemnity Non disclosure

9. Insurance Wasted premiums? Review of All Risks schedule Compliance with policy conditions

10. Insurance Under insurance What is the estimated rebuild of this church?

11. Insurance £ 100,000 £ 500,000 £ 800,000 £1,300,000 £1,800,000 What is the estimated rebuild of this church?

12. Insurance £ 100,000 £ 500,000 £ 800,000 £1,300,000 £1,800,000 What is the estimated rebuild of this church?

13. Insurance Rebuild £1.3M Sum Insured £800,000 69% 31% SELF INSURED

14. Insurance Claim £50,000 £500 excess Insurer £34,115 £15,885 SELF INSURED

15. Insurance Unoccupied properties Not attractive to insurers! Tell a good story Restricted cover (FLEA) High cost Policy conditions

16. Insurance Limits of indemnity How long is a piece of string? Employers Liability Public Liability Professional Indemnity Trustees Indemnity

17. Insurance Non disclosure A Material Fact has been defined as “any fact that may influence the judgement of a prudent insurer in deciding whether to accept a risk and if so, on what terms and conditions and at what premium level.” Inception Mid Term Renewal

18. Fireworks

19. Tools – Risk Assessments Consider “harmed” as not just injury Eg financial losses to the church

20. Tools – Legislation Guidance

21. Tools – Internet Health & Safety Executive Insurers – Ansvar Insurance – Baptist Insurance – Congregational & General (www.spow.co.uk)www.spow.co.uk – Ecclesiastical Insurance – Methodist Insurance

22. Risk Takers “……. I hope that we will be adventurous, take more risks and above all, be Kingdom possibility thinkers!” Rev Lynn Green General Secretary, BUGB

23. Is there more to RISK MANAGEMENT than PRAYER?