Risk and Insurance Management Manual for Libraries, Updated

Book excerpt: Amidst uncertain times rife with challenges and potential catastrophes, prudently managing risk will bolster your library's resilience in the face of adversity. And by being attentive to lowering risk, you’ll help keep insurance costs in check. This succinct manual for trustees and administrators offers straightforward guidance for designing and implementing a library risk management program. You’ll get succinct advice on such essentials as - the five major areas of risk and loss for libraries, with an overview of the types of property and casualty coverage common to most libraries; - how to determine if the new framework of enterprise risk management is right for your library; - elements of a good risk policy statement; - tips for determining the value of your collection, plus a sample risk assessment template; - the most library-relevant portions of the National Fire Code; - insurance considerations for remodeling or construction projects; - advice on cybersecurity and handling cyberattacks; - setting up an emergency response team that is ready when disaster threatens; - developing a financial plan that assures uninterrupted service despite adverse conditions; and - guidance on the paperwork a claims adjuster will require. This to-the-point resource will lead you onto the best path to safeguarding your library’s assets and future.