Subject: RE: Insurance Date: Mon, 16 Jun 2008 21:33:03 -0500 Message-ID: <478D8DA74B45F846A172A672E52230960500681B@MEWMAD1P0128.enterprise.wistate.us> From: "Baker, Susan K - WHS" <Susan.Baker@wisconsinhistory.org>
Rich,
Glad it helped.
Susan K. Baker
Special Events Manager
Wisconsin Historical Foundation
816 State Street
PO Box 260050
Madison, WI 53726-0050
608-261-1856 Tel
608-264-6542 Fax
susan.baker@wisconsinhistory.org
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________________________________
From: localhistory-request@listserve.uwec.edu
[mailto:localhistory-request@listserve.uwec.edu] On Behalf Of Rich &
LeAnn
Sent: Monday, June 16, 2008 9:24 PM
To: localhistory@listserve.uwec.edu
Subject: Re: Insurance
Thank you very much for the information Susan. We will look into this.
Rich
----- Original Message -----
From: Baker, Susan K - WHS
<mailto:Susan.Baker@wisconsinhistory.org>
To: localhistory@listserve.uwec.edu
Sent: Monday, June 16, 2008 9:53 AM
Subject: RE: Insurance
You have some important questions. There is no simple answer.
Consider forming an ad hoc committee of people who have business
experience to investigate your options and weigh the alternatives.
Even if you choose not to insure your collections, be sure to
carry liability insurance to protect your organization from the
inevitable injury at your site to visitors and volunteers.
Also, consider Directors and Officers insurance to protect the
board against errors and omissions.
Insurance on collections has been debated extensively on AAM's
list serve (Museum-L). You may want to get on AAM's website and check
the archived discussions. You will need to be a member to access this.
Look at The American Association of State and Local History website as
well.
Whether to carry insurance on your collections should be done
with plenty of thought. Determine from your insurance sources what it
will cost to cover your building/s. Consider the questions below
relative to your building/s and artifacts.
1. What do you have in your collection?
2. Can the items be replaced?
3. Are there key artifacts that should be considered
separately?
4. Would you replace your artifacts and/or buildings if
what you have was damaged (or artifacts stolen)?
5. How much would it cost?
6. How much are you willing to pay each year for that
protection?
7. What are some alternatives to carrying insurance on
everything?
These are a few of the questions that need to be discussed.
Some organizations choose to not cover their artifacts because
of the answers they conclude to the questions above along with other
questions.
Sources of insurance -- You may need to procure insurance from
different places for the different types of insurance. If your
organization is connected to a municipality, start by talking to someone
in the government about possible options through it. Do you know an
insurance person you trust? Once you learn whether you have options
through government, learn what options you have through various
insurance avenues. (Government options are likely to be less costly than
private.)
Good luck!
Susan K. Baker
Special Events Manager
Wisconsin Historical Foundation
816 State Street
PO Box 260050
Madison, WI 53726-0050
608-261-1856 Tel
608-264-6542 Fax
susan.baker@wisconsinhistory.org
This message contains confidential and proprietary information
and is intended only for the person(s) to whom it is addressed. Any use,
distribution, copying or disclosure by any other person is prohibited.
If you have received this message in error, please notify the e-mail
sender immediately, and delete the message without making a copy.
________________________________
From: localhistory-request@listserve.uwec.edu
[mailto:localhistory-request@listserve.uwec.edu] On Behalf Of Rich &
LeAnn
Sent: Thursday, June 12, 2008 8:50 PM
To: localhistory@listserve.uwec.edu
Subject: Insurance
List Serve Members,
I hope I am sending these questions out right to the members.
Should Historical Societies carry liability insurance if so how much?
And who would people recommend to insure with if so? Also does everyone
insure their collections, buildings, etc. If so where does one go to get
this type of protection?
This list serve is excellent and I have learned alot. If anyone
has any answers for me it would be greatly appreciated.
Rich Hoffmann
President
Shawano County Historical Society