Penny wise, Pound-foolish – a toolbox of ideas to protect your museum’s treasures.

Recorded On: 06/02/2020

As you walk through galleries in your museum, have you ever attempted to guess what the total value is of all the objects on exhibit? Or identified where the highest valued objects are located? Or thought about the impact that a catastrophic event may have if it affected a portion of the museum? Drop by our session to learn more how to determine your museum's Probable Maximum Loss (PML) to ensure your institution is purchasing an appropriate insurance limit for your museum's collection. In this presentation, HTB will offer suggestions on how best to determine the right limit of insurance coverage by reviewing inventory conrol techniques, the "Top Ten" list, incoming loans(both short-term and long-term), and Probable Maximum Loss.

Jeff Minett

Casey Wigglesworth

Eileen Goldspiel

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Penny Wise, Pound Foolish - a Toolbox of Ideas to Protect your Museum's Treasures
06/02/2020 at 12:45 PM (EDT)   |  30 minutes
06/02/2020 at 12:45 PM (EDT)   |  30 minutes As you walk through galleries in your museum, have you ever attempted to guess what the total value is of all the objects on exhibit? Or identified where the highest valued objects are located? Or thought about the impact that a catastrophic event may have if it affected a portion of the museum? Drop by our session to learn more how to determine your museum's Probable Maximum Loss (PML) to ensure your institution is purchasing an appropriate insurance limit for your museum's collection. In this presentation, HTB will offer suggestions on how best to determine the right limit of insurance coverage by reviewing inventory conrol techniques, the "Top Ten" list, incoming loans(both short-term and long-term), and Probable Maximum Loss.