Posted on Nov 9, 2018
Museums, like any other organizations, have risks associated with their operations. Property of a fine art nature, as well as other works of rarity, historical value or artistic merit is often extremely costly to repair and nearly impossible replace if damaged or lost. For many museums, their collection is the most valuable asset of their organization. Without their collections, there would be no reason to function as a museum. The valuing and insuring of museum collection items can be a daunting task but securing an expensive and irreplaceable collection of items is well worth it.