Understanding Retro Dates in Church Liability Coverage
Faith, Stewardship, & Insurance: Protecting Texas Churches
In this episode of Faith Stewardship and Insurance: Protecting Texas Churches, host Ron Wadley discusses the significance of retro dates in liability insurance for churches. Using the example of Stan, a church treasurer, Ron explains how a retro date determines the period for which past incidents are covered under new policies. The episode underscores the differences between claims-made and occurrence policies and emphasizes the importance of continuous coverage to prevent gaps in protection. The show also offers guidance on ensuring that retro dates are properly managed to protect against uninsured exposures, especially in areas like pastoral counseling liability and directors and officers liability.
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00:00 Introduction to Faith Stewardship and Insurance
00:31 Understanding Retro Dates in Liability Coverage
03:08 The Importance of Continuous Coverage
04:03 Ensuring Proper Retro Dates and Coverage
05:09 Conclusion and Next Steps
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