Property and Liability Insurance
The insurance industry is under-going change as a result of the substantial claims arising from the Canterbury earthquakes.
One leading insurer of Church properties in New Zealand has had a credit downgrade and has advised it is to discontinue earthquake cover.
This year Stewards’ initiated a Group Insurance Scheme for Assemblies. It engaged with an industry professional to set this up and Stewards’ is progressively making the Scheme known to Assemblies thoughout the country.
The rationale behind the Scheme is that as Assemblies operate autonomously in negotiating insurance contracts the advantage of group or ‘bulk’ buying is not being achieved: that is in both premium levels, scope and policy wording.
The Scheme is operating and Stewards’ Executive is very encouraged by the response.
Now is a good time to review insurance arrangements. Stewards’ can offer a professional review of existing contracts with an indication of what the Scheme can offer at your next renewal.
Please contact John Robinson.