Community and Public Library Insurance
Specialist insurance coming soon for community and public libraries.
What is library insurance?
Specialist library insurance provides financial protection for community and public libraries in case of an accident or third-party claim. Through Ripe, the cover is flexible and can be adjusted depending on your needs.
Why should I consider library insurance?
Libraries are one of the most enriching organisations a community can have. So, you may want to consider protecting them from various risks through specialist library insurance.
If your library employs others, you’ll legally be required to take out Employers’ Liability cover. But other forms of library insurance are also available if you want to protect your library from as many risks as possible.
Say a member of the public slips on a wet floor and makes a claim against you, or the library is damaged during a fire—this could have a huge financial impact if you don’t have sufficient protection in place.
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How much does library insurance cost?
The cost of community and public library insurance varies depending on a few factors that affect the premium, such as:
- annual turnover
- number of employees
- the location of the library
- the type and level of cover you choose
Many companies only provide pre-bundled packages, which isn’t always helpful if they include cover options you don’t need.
At Ripe, you can build your own policy online, so you never pay for cover you don’t need.
Is it a legal requirement for libraries to have Public Liability insurance?
You’re not legally required to opt for Public Liability cover as part of your community or public library insurance policy.
However, you may want to consider this cover option to protect the library against third-party claims, which can devastate businesses without adequate financial protection.
Employers’ Liability cover is the only form of compulsory insurance if you employ others at the library, which protects your business against claims from employees.
