Issue - meetings

To receive a verbal update on the restoration insurance of the Art Collection.

The Committee received an update on the restoration insurance of the Art Collection from the Arts and Heritage Manager who reported that insurance claims for restoration were capped at £20K and that the highest value of conservation during the past year had only amounted to £1,175.

The Committee expressed concern that the restoration insurance was for small scale accidental damage rather than cover for major disaster such as fire or flood damage. 

It was noted that there had been a misunderstanding of the type and level of specialist insurance cover for damage to the collection. In order to resolve the problem it was agreed the Council’s insurer meets with a member of the Advisory Committee to ensure the approach was clear and that competitive approach was adopted, i.e a tender for the insurance policy was sought taking into consideration the Council’s procurement procedure rules. 

Payment method for the insurance would be considered further once a quote had been received.