ChurchPlaza has signed an agreement with Arthur J. Gallagher & Co. to offer co-branded insurance products to the $49 billion church market.
Sarasota, Fla.-based ChurchPlaza is a supplier of products and services to the nation’s churches and is endorsed by 36 denominations, associations and fellowships representing more than 120,000 churches.
Arthur J. Gallagher is the largest insurance broker for Catholic churches in the United States, insuring approximately 70 percent of all U.S. parishes through its customized Church FIRST program. Under terms of the agreement, ChurchPlaza and Arthur J. Gallagher will develop a branded family of insurance products and services for American churches to be marketed through ChurchPlaza.
The church insurance market is estimated to represent $2.2 billion in annual premiums for property and related liability coverage.
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