Home > CRSIRP Program

Through our broker, B.F. Lorenzetti & Assoc. Inc., the trust offers all lines of insurance to its members. These lines include property, liability, boiler & mechanical, crime, auto, directors and officers, errors and omissions.

The member deductible varies depending on the line of insurance. The individual member is responsible for this deductible.

In the case of a loss under the property, liability or crime, the Trust collectively contributes a further amount to the loss. This amount is known as the self-insured retention amount (SIR). Each year, the trust sets aside an amount actuarially determined to handle the collective obligation for the losses. The SIR allows the trust to purchase the property / liability and crime coverage at a discounted premium.

Over any one year of the program, the responsibility for paying claims is limited. There is a maximum per claim payable for any one loss. There is also a maximum amount that the Trust pays over any one policy year. Losses that go beyond either amount, i.e. the individual claim amount or the policy aggregate, go directly to the insurer. The money to pay losses is put into a loss fund; residuals in this fund at the end of the policy year belong to the Trust. Unlike a reciprocal, the members of the Trust will never be faced with a retroactive payment based on excessive losses for any policy year.

The members are billed annually for a contribution amount that reflects:

a. the premium costs for each congregation
b. the costs of the Trust loss fund
c. the risk management and loss control costs
d. the cost of the administration of the program

How to Become a Member