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The power of possibility
Martin Howard from Associate Suppliers Hayes Parsons Insurance Brokers responds to the upcoming conference theme.
Whilst chatting to a new museum client recently, we were heartened that they could see how insurance brokers are able to bring a genuine “can do” attitude to solving the varied issues surrounding museum buildings, collections, staff, volunteers, and general activities. With the theme of the 2023 AIM Conference in mind it’s good to articulate some of these possibilities.
We can help you network
Firstly, you are rarely alone in an issue you face. If we know you have a specific challenge or task, we can often link you up to other clients in similar situations.
We can create better insurer outcomes for you
Not all brokers are equal. Those, including Hayes Parsons, that operate in the museum sector are often well thought of by insurers because they know we are not dealing with just one or two museums, but that this area is a key specialism.
We help larger clients with insurer benefits
It’s often possible for larger museums to be helped by their broker when it comes to three key areas. Firstly, fixed rate agreements normally over three years typically help keep premium rises to a minimum at renewal. Secondly, some insurers will add low claim rebates into their agreements, so if you have no claims or low claims, the museum may well be refunded some premium following the next renewal. Finally, it’s worth mentioning risk bursaries. Insurers may be open to giving you a sum towards a key risk improvement that will in their mind improve your risk rating, and thereby lower your chance of claiming.
We help prevent claims, and support you when you do claim
No matter what size of museum you are, we help clients with matters that they themselves can review to prevent common claims. And if a claim does happen, our in-house claims specialist team will support you throughout the process.
We signpost on key issues
Sometimes there are professional services that you may wish to be signposted to. We do this a lot on the rebuild values of buildings, and we also point the way to risk management consultants for those that wish to explore this further.
For a review of your own museum’s insurance arrangements please do get in touch using the below contact details, or come and catch up with us at the AIM Conference in Edinburgh!
0117 930 1668 | 07719 023 194
[email protected]