DISASTER PLANNING: MANAGING THE FINANCIAL RISK

A disaster such as a fire, earthquake, hurricane, or flood can cause extensive damage to a library and its collection. Part of an effective disaster preparedness program is making sure your library will be able to absorb the financial risk should you need to replace or repair damaged materials. This article explores the various options for defraying the costs of a disaster, including self‐insurance, federal aid, and the different types of insurance coverage that are available.