The replacement carrier rate is less than 10% for religious organizations and church risks typically stay the same, unless they see increases in claims year over year. With little movement, as long as the account is serviced properly, you’ll be likely to keep the business.
There are roughly 350,000 religious congregations in the U.S. – they can be found in all towns of all sizes and of varying denominational affiliations.
As a producer, you’ll be presenting in front of a church/religious board that is comprised of many local professionals. Many of which will own and operate their own businesses – supplying you with new prospects who have both commercial and personal line needs.
Religious organizations can have varying operations that can round an account and increase your revenue. For example, we provide custom coverages for risks like mission trips, camps, daycares and volunteers.