A Short Guide To Library Insurance

If you run a library, it is important that you ensure the books and other items within your library are safe and/or replaceable at all times. While libraries are not typically places where you imagine things suddenly going wrong, things can and do still happen. Part of protecting the items within your library is having comprehensive insurance coverage. Library insurance can offer the protection you need to ensure that everything in your library is financially backed, no matter what happens.

What Insurance Policies Should Libraries Have?

Libraries need to consider two main types of insurance coverage: property coverage and liability coverage. In terms of property coverage, you should have policies that cover all the items in your library, including books, computers, fixtures, furniture, and HVAC systems. You should also make sure you have coverage that protects against crime and extreme weather events. In terms of liability coverage, a comprehensive general liability policy should suffice.

How Much Does Library Insurance Cost?

Unfortunately, it’s difficult to give an exact price for library insurance, due to the large number of factors that insurance companies take into account when deciding how much to charge each customer. The point of this is to determine your risk level and the likelihood that you’ll file a claim.

Libraries are typically fairly benign places, but they’re still vulnerable to many of the same risks as other public organizations. Luckily, library insurance can help.