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Risk Management Glossary of Terms and Concepts
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The Initial Risk Management Study: Our engagement with our clients starts with a quality foundation developed by a comprehensive risk management study of all ministry aspects and elements so as to review the frequency and severity for each discovered risk factor. This foundation then provides the necessary support for effective risk management, safeguards, disaster recovery plans, and insurance benefits that can provide proper application to each possible area of ministry. These ministry areas may include, employee and volunteer management, financial management, data management, property management, transportation management, children's ministry management, and adult ministry management elements, all of which may or may not be present in your ministry.
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Ministry Stewardship Tools
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Ministry Stewardship Tools* The Initial Risk Management Study: Our engagement with our clients starts with a quality foundation developed by a comprehensive risk management study of all ministry aspects and elements so as to review the frequency and severity for each discovered risk factor. This study includes an on site inspection and review of your ministry property, staff, programs, and any written procedures or other written materials related to your ministry operations. There is also a discussion with your ministry leaders about the ministry's history, its present aspects and area of ministry and future goals so as to collect all relevent information of your ministry that may have any berring on its risk factors. This Initial Risk Management Study provides the necessary support and coaching that will follow if desired for the effective application of each stewardship tool, risk management, written safeguards/procedures, disaster recovery plans, ministry financing and planning, and effective matching of insurance benefits to your risk factors. Ministry areas may include, employee and volunteer management, financial management, data management, property management, transportation management, children's ministry management, and adult ministry management elements, all of which may or may not be present in your ministry.
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Secure & Economical Data Storage Is Critical For Protection of Litigation & Data Preservation
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Proper and economical data storage is critical in today's culture. Litigation is growing faster then data storage avenues are able to be developed to meet this growing demand. Information and data are growing in multiples that stagger the mind today; security and integrity are vital. Please remember we are not in the business of offering legal advice or IT advice; we only offer suggestions that should provoke your thinking to action as you review this area of risk in your organization. Please check with your IT and legal advisors before you complete your plans for this area of risk.
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The Key Person Risk Is Critical To Review Today
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As I interact with camp and retreat centers, church leaders, business administrators and risk managers today, I am often asked what risk I feel is the worst for today's religious orgainzation to deal with. If the engine is removed, how long will the train continue to move? The key person risk stands out as it is really no different than the family that protects those who produce the income and the possible income loss, as well as the person who may not be the main income producers but who is also a key person in making the family function and survive. This risk can affect an organization at the most critical times of its ministry, and it will sometimes bring total destruction to the ministry because it is often the least prepared for or even thought of. From what I have seen when reviewing presented losses, key person insurance is as critical today as liability coverage. Both causes of loss can cause the demise of the organization in a very abrupt and painful manner. For most organizations, this risk can be covered for just a few hundred dollars per year. The most critical times for this, though it is not limited to just these, for medium to large organizations and the fairly new organization, are:
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Survivorship Universal Life (2nd to Die)
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The Survivorship Universal Life Plan *
The Survivorship Universal Life Plan : offers the benefit of a permanent life insurance policy that protects two people with one policy. The death benefit is paid when the second death occurs. The plan may cost less than purchasing two individual plans for the security of those you love. Any two people who share a mutual financial interest can purchase the plan. This could include business partners, married couples or others with mutual financial interests. For a couple, this plan offers an affordable option to provide security for their legacy, and their estate can pass on to their heirs with less of a tax burden.
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Ministry Financial Planning
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Financial Ministry Principles For Today's Challenging Culture, That Can Reduce Financial Risks 1. The ideal financial budget anchors that can build a growing ministry which is sustainable over time. Developing a balanced financial plan is critical with these in mind. - Ministry programs 30%
- Salaries 30% or less
- Debt service 30% or less
- Daily operations 10%
2. A ministry missing financial balance functions much like a vehicle with a flat tire. A ministry missing financial balance will find it difficult to sustain its mission principles over time unless its flat is fixed. Flat tires develop very naturally as a ministry find it necessary to pull funds from one key area to maintain the growing demands of another.
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When You Find Your Life Is In Transition or You Are Alone In Life Again
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When You Find Your Life Is In Transition or You Are Alone In Life Again Regardless of what resulted, when you find yourself alone again in life the reality of the fact in today's culture, usually puts you in quite vulnerable position but you do not realize it. You may feel like a disconnect looking for a connection to relieve the pain and hurt. Hasty, and unwise choices could find you jumping from the frying pan directly into the fire. Time is necessary for healing to position you to make wiser choices as each year passes. According to the Life Insurance Institute and Property and Casualty industry which review risk factors, most people should give themselves three years before making life changing choices. Below are some suggestions you may find helpful as you work to sort your life out and make sense of things you are presented with at this time of life. These suggestions are drawn over time from our education and thirty plus years of experience in assisting persons dealing with life transitions.
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Safeguards For Ministry Youth Staff and Youth, Including Specific State Reporting Info for Sexual Misconduct Issues Included
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Developing Written Safeguards And Procedures For Your Ministry Employees And Volunteers Assisting ministries with developing, perserving and restoring trust, with excellence. Effective considerations for sexual misconduct, child abuse, sexual harassment embezzelment issues that can reduce issues of neglect and offer prudenance for protection from litigation and accusations.* 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.
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Background Checks Using Screen Now Directions
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Directions For Using Screen Now for Background Checks  Suggested procedures for background screening: Reason for doing, to cover ministry neglect: Each worker should be screened both paid and volunteer. Before you proceed with the process you should have each individual that is to be screened sign a background and criminal check release form. We have suggestions for this on our site under the Sexual Misconduct Safeguard Strategies page. If you have questions on this, please contact us.
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