They
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.
Valuation
& Insurance of Livery Company Treasures
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.
Livery
Companies Mutual – many
of the hall owning companies have formed this mutual to insure themselves. It
is outside the scope of this paper.
Valuers
The GoldsmithsÕ Company has
recommended Rupert
Huddy of The
Guild of Valuers and Jewellers
The Art ScholarsÕ Company has recommended Alastair
Dickenson for silver valuations. He can be contacted via the Art
ScholarsÕ Clerk.
These professionals will provide photos, detailed
inventories, including written descriptions, engraving text, hallmark details,
maker, weight and size.
Insurers
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.
Brokers
Perkins Slade (successfully used by
the World Traders over many years) is but one of the insurance brokers who
offer expertise in the peculiar needs of livery companies.
Nigel R Pullman
Livery Committee
With thanks
to the Clerk of the Makers of Playing Cards, and all the companies mentioned in
the text.
2nd April 2015
Was this note helpful? Do you have comment? Email nrpullman@btinternet.com