Many thanks to those who responded to my enquiry(below).
For those interested in the responses, I think the general view is that
unless you cover it yourself - you are generally only covered for physical
asset, e.g. £1 per box.
However attributing a value (based on their value to the company) and
getting a broker to cover for this is difficult.
So although you may have the opportunity to arrange separate insurance- it
is usually a box rate e.g £50 per box- again not much use if not having a
certain document could cost you £1000's.
Regards
Caroline
On Mon, 24 Jul 2006 13:40:38 +0100, Caroline Ives
<[log in to unmask]> wrote:
>The recent fire at Iron Mountain's facility in London has prompted us to
>look at our own insurance provisions for records (particularly vital
>records) held by third party storage contractors and on our own council
>sites.
>
>Our initial concern is whether we are only be covered for the value of the
>physical records, e.g the paper (minimial amounts) rather than their
>content/importance(which may be substantial if the Council was not able to
>provide these for one reason or another).
>
>I wondered if any list members could share their experience; particularly
>whether:
>
>1)They are only covered for cost of paper and how they manage this, (e.g
>distaster recovery plans/being able to sue if negligence is cited).
>
>2) They have different insurance arrangements for all/selected records?
>(Does this exist for records you hold the records or are terms entered
into
>with storage contractors?)
>=is it impossible to insure records?
>
>Any feedback would be much appreciated and if members would prefer to
reply
>off-list; I will collate and anonymise any responses and feedback.
>
>Many thanks
>
>Caroline Ives
>========================================================================
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