Specialist heritage insurer Ecclesiastical has launched its latest Heritage Risk Barometer to help heritage organisations consider the risks they face.
… top concern for heritage organisations….is the impact of the cost of living crisis..
The Heritage Risk Barometer 2022 explores the top risks within the heritage sector and focuses on key areas of concern including the impact of the cost of living crisis, attracting local visitors, the recruitment crisis, responding to climate change, and crime.
The key concerns for heritage organisations1 in the UK over the next 12 months are increasing costs (83%), managing volunteer wellbeing (80%), ease of access / adaptation for visitors with additional needs (80%), and recruitment and retention of volunteers (80%).
The top concern for heritage organisations over the next three to five years… is the impact of the cost of living crisis on visitor numbers.
The Heritage Risk Barometer 2022 is the latest in a series of sector insights from Ecclesiastical Insurance, combining independent research with specialist knowledge from the insurer.
Ecclesiastical writes:
Welcome to Ecclesiastical’s 2022 Heritage Risk Barometer. As part of our ongoing support for the heritage sector, the Risk Barometer is a major research-based report that aims to understand the risks the sector faces and what it can do to manage and mitigate those threats.
It is based on interviews with 500 decision makers in the heritage sector, representing the full spectrum of heritage organisations, from museums to stately homes and everything in between….
The main risks identified in the research include increasing costs, volunteer and staff wellbeing and ease of access for visitors.
Faith Kitchen, Customer Segment Director at Ecclesiastical Insurance, said:
‘As the UK’s leading insurer of Grade I listed buildings, we’re passionate about protecting Britain’s heritage. The heritage sector is facing unprecedented economic uncertainty as inflation and the cost of living soars. Heritage organisations are having to face huge challenges and many are looking at ways they can cut costs while still maintaining visitor numbers. We hope the Heritage Risk Barometer 2022 will help heritage organisations think about the risks they face and how best to protect their organisations for the future.’
For more see ecclesiastical.com/heritagebarometer
