Specialist heritage insurer Ecclesiastical has launched its latest Heritage Risk Barometer to help brokers talk to heritage clients about the biggest risks they face in the short, medium and long-term.
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 organisations 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 is encouraging brokers to share the Heritage Risk Barometer 2022 and speak to their clients about the risks they face.
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. Brokers play an important role in helping heritage clients understand the risks they are facing and in ensuring they have the right cover in place. 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 brokers encourage their heritage clients to think about the risks they face and how best to protect their organisations for the future.”
The Heritage Risk Barometer 2022 is available to view on the Ecclesiastical Insurance website here: www.ecclesiastical.com/heritagebarometer