The libraries of today are vital to providing entertainment, enrichment, and literacy to their communities. With their role so essential, it’s equally as important to make sure the facility is protected in the event of a loss. These are the three most important coverages that are found in most library insurance policies.
Since the library houses materials that are mostly made of fragile paper, property damage coverage makes sense. Procedures like systematic library book cleaning will keep materials in good shape, but it’s also necessary to insure against unavoidable tragedies like windstorms and fires.
Since the buildings are open to the public, there is always the risk that someone gets hurt on the premises. This could mean expensive lawsuits and claims for medical bills that can quickly add up. Liability insurance will protect the library and affiliated township, city, or school that runs it from claims made against it.
Since modern libraries are often media centers as well, employee dishonesty becomes more risky. For example, computer systems contain sensitive data and elderly people may come to the library for help with taxes or bills, exposing their personal data to employees who could use it for nefarious purposes.
Libraries are important to the communities they serve. To make sure they’re able to continue operations, it’s important to properly protect them.