TED Treasurers Council

Transcription

1 Iceland June 2012 TED Treasurers Council Understanding Property Insurance Jonathan Valls ARM Senior Account Executive

2 While God does protect, He also expects us to take responsibility for what He has given to us.

3 The purpose of insurance is, as far as possible, to restore the insured to the position they were in before the loss occurred. Why do we need Property Insurance Real Property + Personal Property

4 Real Property includes: Buildings Driveways and sidewalks Walls and fences Fixtures permanently attached

5 Buildings includes: Schools Hospitals Offices Factories Stores and Homes. Outbuildings includes: Sheds Barns Stables and Greenhouses

6 Personal Property includes: Money & securities Accounts receivable Inventory records Furniture Computer equipment A/V and other Media Machinery Valuable papers & records Mobile property

7 Methods of Valuing Property Historical Cost Tax Appraised Value Book Value Replacement Cost Reproduction Cost Functional Replacement Cost Market Value Actual Cash Value Economic Value

8 Let s talk about COPE Property Loss Exposures have 4 interdependent attributes called COPE Construction Occupancy Protection External exposure

9 COPE Construction refers to how a structure is built Frame Joisted masonry Non-combustible masonry Modified fire resistive Fire resistive

10 COPE Occupancy Defines the use Office Building School Building Hospital Building Public Utility Building Residence

11 COPE Protection Building sprinklered for fire safety Adequate fire fighting equipment Earthquake proof foundation Reinforced Concrete Walls Foundation elevated to help flood water to retreat

12 COPE External Exposures Natural causes for losses Human causes Economical causes Political causes

13 Natural Causes of Loss Windstorm Earthquake * Flood * Fire & Lightening Hail * Needs special all risk coverage Weight of Snow, Sleet and Ice Water Volcanic Action Sinkhole Collapse Smoke.

14 Human Causes of Loss Riot & Civil Commotion Explosion Vandalism Vehicles Collapse Aircraft Crime Falling Objects

15 Methods of Identifying Property Loss Exposure

16 Liability Exposures Premises and Operations Liability Slip & Fall Slip & Fall in Ice and Snow Premises Security Liability Mobile Equipment Liability

17 Volunteers Liability Volunteers (unpaid) workers are not normally considered to be employees. However, their negligence while operating in the scope of their volunteer activities can be imputed to the organizations that direct and control their activities.

18 What is Safety We define Safety as a definite moral obligation to conduct business in such a way that all people concerned will not suffer any injury or loss of any kind.

19 WHERE? At Home At Work At School At Church On the Road

20 HEINRICH Theory 85% of Accidents occur because of HUMAN Behavior 15% of Accidents occur because of HAZARDS

21 Deacon/Deaconess Sabbath School Teacher Treasurer Safety Officer Adventist Youth Pathfinder

22 Duties of a Safety Officer Coordinating member of the TEAM Help write rules for safety Create a safety awareness Identify probable unsafe areas Apply corrective measures ASAP

23 Duties of a Safety Officer Organize Site Inspection

24 Duties of a Safety Officer Meetings Meet on a regular bi-monthly basis Minutes should be recorded Attend Church board to be abreast of current plans

25 Duties of a Safety Officer Accident Investigation o o o o o o o o o Visit the scene Interview witnesses to the accident Check for causes resulting from anyone s actions, dangerous practices or disobedience Check for poor housekeeping Determine if there was improper apparel Record information on any other poor condition Avoid any signed written statement or description of the incident by witnesses or persons involved Avoid investigation of sexual misconduct incidents Avoid release of information to any unauthorized parties

26 Walking and Working Surfaces Free of tear and slipping hazards Unguarded floor openings Proper handrails on stairs Clear aisles Dark area properly lighted

27 Fire Extinguishers Appropriate type for the location Date last checked Fully Charged Safety pin in place Mounted securely Kept in potential fire hazard areas Instruction on proper use

28 General Fire Safety Exit doors open in direction of exit travel Evacuation routes posted Deacon/Deaconess assigned for evacuation Self closing doors in boiler and furnace room Fire drills conducted on a regular basis Sabbath school room exits clear of storage Cradle Roll/Kindergarten room outlet caps

29 General Fire Safety Exit signs properly lighted Meeting room capacity signs posted Panic Hardware on main doors Smoke detector in kitchen Proper exit provided for fellowship hall Emergency numbers posted must include 911 or Police Department Drapes and Curtains away from any heat source Excess material and supplies properly stored Compressed gas cylinders properly secured Dead-end passageway/corridor properly labeled

30 Baptistry and Electrical Hazards Baptistry equipped with automatic shut off for water and heater Baptistry has non-slip floors, steps and proper handrails Microphone is away from the water Uniform height of the steps Use electricians for major electrical work Circuit box should have routing labels Ground Fault Interrupters at sinks Exposed wires capped Circuit Overloading Don t forget cords can cause tripping hazards

31 First Aid In case of accidents First aid kit a must Adequate supply of stock Inventory kit frequently Note date sensitive items Identify medically trained individuals Arrange medical professionals to be available on a rotating basis Provide first aid and/or call emergency Inform parents or guardians immediately Report to your insurance carrier Give clear and correct information Know who you are reporting to

32 Safety Promotion Bulletin Boards Church Bulletins Newsletters Sermon Material Videos & Films Guest Speakers

33 Building Contractors Renovating Qualified Expertise Licensed, Bonded and Insured Reference Checks Contract pitfalls, have them reviewed Pay for only work completed Give reasonable notice to members Cordon off work area use signage Never leave hazards accessible Never leave work unfinished Assign professional work to Professionals

34 Facility Rental Establish written contractual agreement Certificate of Insurance Additional Insured Endorsement Control Access Set reasonable clauses for Do s and Don ts

35 Negligence that lead to law suits Failure to provide safe facilities Failure to provide safe equipment Failure to provide proper health care Failure to provide proper supervision Failure to provide adequate warning Failure to enforce safety rules and procedures

36 A Caring Ministry We are responsible to ensure that our facilities are properly maintained and hazards identified We are responsible for the use of proper safety equipment during activities. ARM provides solutions to minimize your risks because our Ministry is to protect your Ministry

37 Questions & Answers