2 September 2015Insurance cover for valuable or historic archive collections
Establishing the necessary insurance cover for valuable or historic archive collections can be a very difficult and sometimes a seemingly impossible task.
As was demonstrated by an incident involving the Museum of Wales in 20131, the loss of irreplaceable or valuable archive material can be damaging to an
organisation’s reputation and costly in terms of recovery and reinstatement.
The purchase of cover for these items can require a number of questions to be considered, such as:
- Is there a detailed inventory of all of these items?
- Do we hold current valuations?
- Could we replace them if they were lost?
- Where are they stored and protected?
Organisations do not always want to purchase insurance against their entire collections and may not hold or be willing to pay for a full valuation; however there could be a concern that you may have substantial archives with significant historical value and no provision for cover in the event of damage.
Read the full article insuring archives.pdf