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Risk Management Initiatives

Risk Management Initiatives
2022 Risk Management Initiatives

2022 Risk Management Initiatives

Purpose and Scope

Springing as a response to the increased frequency of significant casualty losses, Adventist Risk Management, Inc. (ARM) works with the North American Division (NAD) Risk Management Committee to pursue specific, practical initiatives each year. We have the duty to protect the assets we are entrusted with, and we must provide an environment that is safe for employees, members, guests, and volunteers so the ministry of the Seventh-day Adventist church can grow. We must continue to invest in risk management as an essential part of our ministry.
 
The following initiatives build on the policy guidelines and resources already in place. Complacency regarding risk management is one of the greatest threats we face. As leaders, we can remedy this by making risk management a key priority at all levels of our organizations and by providing more intentional educational resources for our leaders, staff, and local volunteers. Protecting our organizations is something we can accomplish together.

2022 NAD Risk Management Initiatives

This year, ARM emphasizes creating opportunities for organizational leadership to support through quantifiable actions and risk management initiatives throughout their organizations:
  • Informal Relationships
  • Cyber Risk Awareness
  • Protecting the Vulnerable
PLEASE NOTE: Items underlined below indicate a resource ARM will share with the organization’s risk management committee to facilitate implementation of the goal.
Get More Safety Resources

Get More Safety Resources

Subscribe to Solutions, ARM’s free e-newsletter delivering practical risk management tips and safety information customized for your ministry. Solutions is published bi-weekly for administrators, pastors, teachers, and lay-member volunteers.
 
Conference Risk Management Committee

Conference Risk Management Committee

Organization leaders need to set aside time and resources to implement the stewardship of the assets entrusted. A safety committee is a powerful way to uphold risk management and demonstrate that it is crucial to our organization’s long-term ministry.

Schedule/creation of a risk management committee by January 31, 2022
  • As chair of this committee, the president has the opportunity to set a new tone, generating risk awareness and ensuring a commitment to risk management. The ministry of risk management is about protecting an organization’s ability to carry out its mission, and this ministry should be the president’s priority. No one else can lead across all ministry functions in this role.
    • The ARM account executive (secretary) should provide structure to the meetings as they draft the agenda for approval by the chair. They should also provide information, data, and resources to support the committee’s efforts.
    • The committee should include the executive secretary, treasurer, and selected conference ministry leadership, such as youth and education.
  • The committee should meet no less than twice a year with the 2022 schedule of meetings set by January 31, 2022. We are asking that one meeting happen early in the year (first quarter) and the second by or in the third quarter, allowing for communication, planning, and reporting during year-end meetings as well as for the next year.
The Risk of Informal Relationships

The Risk of Informal Relationships

WHY – The Adventist church has seen significant losses related to relationships with outside parties, such as supporting ministries. Due to a lack of clarity defining the distinctness between one organization and the other, the church insurance program was responsible for the supporting organization’s large loss. To mitigate these risks, there must be clear distinctions between the roles and management of each organization.

NAD WP E 85 - Conflict of Interest
“Individuals, who by virtue of their position or based on their place of employment are invited to serve as members on boards/committees of entities/organizations that are not listed in the Seventh-day Adventist Yearbook, must secure approval from their relevant governing body/administrative committee and disclose their membership on such boards/committees.”

WHAT
  1. Account executives to educate clients on church structure
  2. Implement a Conflict of Interest review process
  3. Accept only donations to denominational entities
  4. Review all contracts and land use agreements for potential risks
  5. Review insurance requirements for third parties and implement process to make sure those are in place and followed
  6. Education - ARM to provide articles, webinars, and presentations to educate and equip conference and local-level leaders with knowledge and resources
WHO
  1. Organization officers
  2. Adventist Risk Management
Cyber Risk Education

Cyber Risk Education

WHY
One result of our reliance on technology is an increase in cyber risk. Society is beginning to respond to these risks with more regulatory requirements that impose fines for noncompliance, such as the California Consumer Privacy Act (CCPA), General Data Protection Regulation (GDPR), and New York Department of Financial Services Cybersecurity Regulation (23 NYCRR 500). We can help prevent costly losses by evaluating our cyber exposure and learning the steps we can take to secure our networks, systems, and data.

WHAT
WHO
  1. Organization risk management committee
  2. Employees and volunteers
  3. Adventist Risk Management
Protecting the Vulnerable

Protecting the Vulnerable

WHY – Safeguarding policies and procedures is essential to protect vulnerable adults and children. Everyone, regardless of age, gender, ethnicity, or ability, has a right to participate in an organization without situations of abuse or neglect. To avoid exposing vulnerable adults or children to neglect or abuse, training is imperative, including training employees and ministry volunteers to recognize warning signs of abuse.

WHAT
  • Conferences will review the number of current volunteers and compare against number of screened volunteers.
  • Conferences will assess the implementation of child protection plans at local churches/schools. A sample child protection plan is available from Adventist Risk Management.
  • ARM and conferences will facilitate/provide education on the protection of vulnerable persons, the importance of screening, and the reporting process.
  • Education: ARM offers the following resources on protecting the vulnerable:
WHO
  1. Organization risk managment committe
  2. Employees and volunteers
  3. Adventist Risk Management

How to File a Claim

Step 1
Select your insurance product
Step 2
On product page, select the “Claim Forms” tab and download the form for your claim type.
Step 3
Follow form instructions