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CORNERSTONE PLUS

CORNERSTONE PLUS. Your Program of Protection Should Include:. Property Liability Crime Inland Marine. Your Program of Protection Should Include:. Life Equipment Breakdown Workers’ Comp Umbrella. Business Auto. Property Coverage. Basic Form: Fire Lightning

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CORNERSTONE PLUS

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  1. CORNERSTONE PLUS

  2. Your Program of Protection Should Include: • Property • Liability • Crime • Inland Marine

  3. Your Program of Protection Should Include: • Life • Equipment Breakdown • Workers’ Comp • Umbrella. • Business Auto

  4. Property Coverage Basic Form: • Fire • Lightning • Explosion • Windstorm or hail • Smoke • Sprinkler leakage

  5. Property Coverage Basic Form: • Vandalism • Riot or civil commotion • Aircraft or vehicles • Sinkhole collapse • Volcanic action

  6. Property Coverage Broad Form: Includes all basic form perils, plus: • Falling objects • Water damage • Building collapse • Glass breakage • Weight of snow, ice or sleet

  7. Property Coverage Special Form: • Includes all Basic and Broad Form perils, plus any cause of loss NOT specifically excluded

  8. Property Coverage Special Form Examples: • Kitchen damage due to appliance failure • Theft of church contents from premises • Theft, or damage to building from attempted theft. • Damage from acid/chemical spills

  9. Property - Extensions • Newly acquired property • Personal property of others • Valuable papers and records • Property off premises • Appurtenant structures

  10. Property - Extensions • Property in the open • Outdoor trees, shrubs, plants, and lawns • Signs • Indirect loss • Fire department service charge

  11. Property - Extensions • Debris removal • Lock replacement • Anti-arson reward • Sewer/drain backup • Ordinance or law • Automatic fire suppression recharge

  12. Property - Extensions • Awnings, canopies, fire extinguishers, refrigerated products • Pollutant cleanup • Church fidelity bond • Vacant staff dwelling

  13. Property - Options • Replacement cost • No deduction for depreciation on covered property losses • Agreed value No coinsurance penalty at time of loss

  14. Liability Coverage Includes: • Church members, employees, officials, and volunteers acting on behalf of church • World-wide coverage • Damage to property of others

  15. Liability Coverage Includes: • Advertising/personal injury • Newly acquired organizations • Legal liability • Clergy and lay counseling coverage

  16. Liability Coverage Medical payments: • Pays ALL reasonable medical expenses of church, regardless of liability • Covers members, guests and volunteers • Primary coverage on or off premises • Excess coverage for athletic activities • Loss of Life

  17. Liability - Optional Coverage • Directors, officers and trustees • Hired and non-owned auto • Sexual misconduct • Employee benefits • Day/nursery/student medical • Corporal punishment

  18. Crime • Church theft: • Provides blanket coverage including money and securities • Include double money coverage for four days of your choice

  19. Crime • Employee dishonesty • Provides coverage for dishonest acts of officers, ministers and duly appointed or elected officials • Forgery and alteration

  20. Inland Marine • Musical instruments • Fine art • Data processing equipment • Maintenance equipment • Minster’s business property • Signs • Scheduled property

  21. Equipment Breakdown Common exposures: • Cast iron heating boilers: • subject to burning, cracking • Air conditioning systems: • susceptible to burnout

  22. Equipment Breakdown Common exposures • Electrical wiring, circuit breakers and switches subject to overload • Communication equipment susceptible to power surges

  23. Special Policies Available • Workers' compensation • Pays benefits to employees as required by state law • Provides protection for lawsuits brought by employees

  24. Special Policies Available • Umbrella • Provides excess limits of liability when underlying limits are exhausted • Provides primary coverage for many losses not covered by an underlying policy

  25. Special Policies Available • Business auto • Provides liability and physical damage coverage for church-owned vehicles

  26. Group Life Coverage for church employees • 2-year rate guarantee • Death benefit from $10,000 to $250,000 • No medical exams

  27. Group Life Coverage for church employees • Seat belt rider • Accelerated death benefit • Charitable contribution benefit

  28. Why Choose GuideOne? • America's leading specialty insurer of churches • 50 years of making a difference • Excellent ratings and denominational endorsements

  29. Why Choose GuideOne? • Claims offices coast-to-coast; catastrophe teams on call • Loss control services available • Over 3,000 professionally trained agents serving their local communities

  30. Cornerstone Plus

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