Good risk management alone will not always be enough to help protect your prize exhibits. Specialist insurers are happy to help
26819.008_Eccles_Frame_Heritage_AttractionsMan_Apr10_100x210_v1_. 24/03/2010 11:31 Page 1
can happen, in even the best run muse- ums, was at the Fitzwilliam Museum in Cambridgeshire, where a visitor tripped over his shoelaces and fell, breaking three of a set of fi ve 17th century Chinese vases. Ensure that the right types and levels of security measures are in place – such as CCTV and locks on doors and display cabinets – and that visitors’ access to items and different areas in the museum is carefully controlled. Specialist heritage and fi ne art insurers are always happy to help museums with expert advice on the display of items, installation of security measures, visitor access and handling of artefacts.
Good risk management alone, however,
will not always be enough to protect a museum from the perils of life. It should always be coupled with the right type and level of insurance cover from a specialist insurer who understands the particular risks and can give the best advice. It’s often diffi cult to work out the values
of the items in a museum collection. Here, specialist insurers are best placed to help decide which items need to be individu- ally valued, which items can be grouped together for insurance purposes. They can also discuss how to go about agree- ing values for your collection.
Besides exhibiting their own collec- tions, museums nowadays often also loan out their own items and exhibit items on loan from other museums. This is where a specialist art-in-transit insurance cover becomes particularly important as you may not know or be able to infl uence the risk management processes of the lending or receiving museum. Although not perhaps always an easy
task, putting the right risk assessment processes and the right level of insurance cover in place should help anyone juggling the tasks of managing a museum to keep all the balls in the air at the same time. ●
Heritage insurance. From visitor attractions to castles, you’re in good hands
Thousands of the nation’s heritage businesses are already insured with Ecclesiastical. Find out why 92%* of customers are very or extremely satisfied and why brokers consistently vote us best insurer for heritage.**
Ask your insurance broker about us or visit
www.ecclesiastical.com/ingoodhands
*98% customer satisfaction, 92% extremely or very satisfied with the way Ecclesiastical handled their claim in 2009.
**Of those brokers who named an insurer in the survey, the majority named Ecclesiastical as the best insurer for Heritage insurance. Research carried out by FWD, an independent market research company.
AM 2 2010 ©cybertrek 2010
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