Section 8. Local Church Property
8.1 Insurance
8.1.1 Church Property and Liability Insurance
POLICY: Each Foursquare Gospel Church of Canada shall insure all property, vehicle(s) and equipment either owned by the church, or under its control.
Insurance must be secured and maintained for the following risks:
Insurance coverage should also include:
All insurance shall be effected with established and licensed insurers and brokers authorized to practice as such within the province in which the individual church is located.
A copy of the policy provided by the insurance company shall be filed with the National Office of the Foursquare Gospel Church of Canada within thirty days.
Insurance policies obtained shall have as named insured the “Foursquare Gospel Church of Canada” operating as (insert the local church name).
Other parties which may have a vested interest in property owned or controlled by the Foursquare Gospel Church of Canada may be named in the policy [i.e. “Loss Payee” or “Additional Insured”] as dictated by agreements that are in place [i.e. mortgage contract, lease agreements]. If the church has a property loan with the bank, CIBC will need to be named as “First Loss Payee”. Please contact the National Office for further details.
A current inventory of contents and equipment must be maintained. It is advisable to keep a second copy of the inventory at another location.
All property owned or controlled by any Foursquare Gospel Church shall be insured as to provide for replacement or repair in the event of loss or damage and the insurance policy must include a replacement cost endorsement.
The insurance obtained shall not contain a “same site clause” restriction and must include “Building Bylaws Coverage”. Insurance must include:
Except where such amounts are not available, the following are the minimum amounts for liability insurance:
In the event of a claim, each Foursquare Gospel Church, or school, shall send an updated copy of the Workers Compensation report form to the National Office.
Insurance must be secured and maintained for the following risks:
- All Risk Perils including Flood and Sewer Backup
- Third Party Bodily Injury, Personal Injury and property Damage
- Crime (Money, Securities and Fidelity) coverage
- Motor vehicle
- Public Liability and Property Damage Insurance
- Physical Damage Coverage
Insurance coverage should also include:
- Earthquake
- Employment Practices (EPA)
- Counseling (malpractice)
- Abuse
All insurance shall be effected with established and licensed insurers and brokers authorized to practice as such within the province in which the individual church is located.
A copy of the policy provided by the insurance company shall be filed with the National Office of the Foursquare Gospel Church of Canada within thirty days.
Insurance policies obtained shall have as named insured the “Foursquare Gospel Church of Canada” operating as (insert the local church name).
Other parties which may have a vested interest in property owned or controlled by the Foursquare Gospel Church of Canada may be named in the policy [i.e. “Loss Payee” or “Additional Insured”] as dictated by agreements that are in place [i.e. mortgage contract, lease agreements]. If the church has a property loan with the bank, CIBC will need to be named as “First Loss Payee”. Please contact the National Office for further details.
A current inventory of contents and equipment must be maintained. It is advisable to keep a second copy of the inventory at another location.
All property owned or controlled by any Foursquare Gospel Church shall be insured as to provide for replacement or repair in the event of loss or damage and the insurance policy must include a replacement cost endorsement.
The insurance obtained shall not contain a “same site clause” restriction and must include “Building Bylaws Coverage”. Insurance must include:
- demolition endorsement;
- coverage to meet municipal bylaws.
Except where such amounts are not available, the following are the minimum amounts for liability insurance:
- Personal injury $2,000,000.00
- Property damage $2,000,000.00
In the event of a claim, each Foursquare Gospel Church, or school, shall send an updated copy of the Workers Compensation report form to the National Office.
