House of Worship Insurance Trends for 2023

Contact Us
window with light shining through

House of Worship Insurance Trends for 2023

Over the past few years, the COVID-19 pandemic, international crises and natural disasters have greatly changed the economy and how businesses operate. As 2023 begins, evolving insurance underwriting trends will likely affect many types of organizations, including houses of worship. The following are five insurance trends regarding houses of worship that are likely to be prominent in 2023:

  1. More avenues for sexual abuse claims—Reviver statutes give adult survivors of childhood abuse the opportunity to bring forward civil claims even after the statute of limitations has expired. Since there are many instances in which adults interact with children at houses of worship, there may be an increase in sexual abuse claims in 2023. Underwriters may change how they word their policies and assess whether limitations are appropriately adjusted. 
  2. Promotional efforts for smart buildings—Houses of worship often have outdated electrical, plumbing and other building systems. Insurers can help leaders of these organizations understand the risks and benefits of upgrading their facilities. For example, integrating smart technology and using smart buildings can help monitor hazards like standing water, intruders and other incidents that occur on the premises. 
  3. Increased need for cybersecurity—The COVID-19 pandemic brought many industries and organizations online, including houses of worship. While most congregations have resumed in-person worship, some services have remained online, increasing the need for cybersecurity measures. In 2023, insurers will continue to monitor rates of cybercrime and the measures their clients have taken to become less vulnerable. 
  4. Increased property values—Inflation, supply chain problems and labor shortages have resulted in increased property values, meaning houses of worship are likely worth more than they were just a few years ago. Underwriters should keep this in mind during the valuation process and include this during renewal discussions. 
  5. Higher levels of catastrophe underwriting—The increase in hurricanes, wildfires and other catastrophic events across the country add more complexity to underwriting property peril on insurance quotes and renewals. 

These trends are similar to those predicted for 2022, which also included the emergence of smart buildings, increases in catastrophe underwriting, changes in reviver statutes, increased property values and the need for cybersecurity measures. However, 2022 was more affected by COVID-19 precautions—such as masking and vaccine mandates—than 2023 is expected to be. 

Understanding insurance trends can help house of worship leaders better utilize their funds for coverage and bring peace of mind. For more information, contact us today. 

Share this post?


Leave a Reply


bo togel

togel toto

bandar togel

Situs Bandar Togel Online Terpercaya dan Terlengkap 2023

situs slot gacor online gampang menang slot88

bandar togel online dan situs toto macau 4d

situs slot pragmatic play gacor maxwin

situs bandar toto togel macau 4d online

daftar situs toto togel online 4d

situs slot gacor dan slot88 online

toto togel 4d

situs toto togel terpercaya

situs togel terpercaya

toto togel

situs togel online 4d judi togel toto macau

togel online

link togel resmi

Situs Bandar Togel 4D terpercaya Toto Togel Terbesar

bandar togel terpercaya

situs togel

Bandar Toto Togel Online 4D Togel Lengkap 2023

Bandar Toto Togel 4d Judi Toto Online Terpercaya

Daftar situs Togel Toto online 4d

situs togel terpercaya

situs bandar togel online terpercaya dan terlengkap 2023

situs bandar togel terpercaya hadiah toto togel 4d 10 juta

daftar bandar togel online 4d terpercaya

bandar toto togel online 4d terpercaya

situs bo togel terpercaya dan togel 4d hadiah 10 juta

situs togel online dan toto 4d terpercaya

bandar togel online 4d terpercaya

daftar situs togel toto online 4d

Situs BO Toto Online 4D Toto Togel Terpercaya

situs togel 4d hadiah 10 juta

situs togel toto online 4d hadiah 10 juta

situs bandar toto togel macau online 4d

Batmantoto| situs judi togel 4d terpercaya

situs togel macau togel hkg togel sgp

situs bo togel terpercaya bet 100 perak

situs judi togel dan agen slot terpercaya

Bandar Togel Online 4D Terpercaya

10 situs togel terpercaya

situs bandar togel terpercaya dan terlengkap

Situs Togel 4D Online

Daftar Situs Judi Togel 4D Online Resmi terpercaya

Daftar Togel Online

situs togel resmi

Agen Bandar Togel Online-Judi Slot Online Hoki 100%

bandar togel online

bo togel terpercaya

Togel Deposit Pulsa

situs togel 6d

Toto Macau : Bandar Togel Online 4D Jackpot Paus Pasti Di Bayar

Situs Bandar Togel Terbesar an BO Togel Terpercaya