This note is one of a series placed in the ClerksÕ Almanac by the Livery Committee. Most are written by its chairman, of whom you may read more at the foot of the Contact pageThey are intended to be of guidance to livery clerks, especially new ones, or those seeking advice on a particular topic. They are not prescriptive, and how individual companies choose to conduct their affairs is, of course, entirely up to them.
The insurance needs of the various livery companies will vary widely, and any clerk who plans to review their companyÕs insurance needs will be wise to consult a broker. This note simply serves to offer some initial guidance.
Companies such as Hiscox (contact James Standen 020 7448 6000) and Zurich (contact Julian Glaeser 020 7648 3046) specialise in fine art all risks property insurance and work with clients to put preventative measures in place that help protected rare and valuable possessions. For example, for irreplaceable items such as paintings and decorated silver, high resolution detailed images can be stored such that in the event of total loss, such works of art can at least be replicated.