Hi Laura,
I am the records manager for a multi office law firm. We had some
cartons destroyed with out our consent by an off-site vendor and did
collect the minimal box value that was stated in our contract, as well
as the storage costs that we were billed by the vendor from the time the
incident occurred to the time the materials were removed from our
inventory. Not a fun experience.
Jason R. Cebe
Records Manager | Frost Brown Todd LLC
400 West Market Street, 32nd Floor | Louisville, KY 40202-3363
502.779.8707 Direct | 502.589.5400 Main | 502.581.1087 Fax
[log in to unmask] | www.frostbrowntodd.com
-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On
Behalf Of Laura Boldt
Sent: Tuesday, December 22, 2009 1:27 PM
To: [log in to unmask]
Subject: Valuable Papers Insurance
Good Afternoon,
I have been tasked with researching whether or not the urban myth that
companies pay only $2 per box when they loose a box is true. I found
out
that the myth is true. I know one way to deal with this is to buy
valuable
papers insurance. (I did search the archives on this topic.) Are there
any
other methods to compensate for lost or destroyed records that you know
of
and if there are, what are they? If you do obtain the insurance, how do
you
determine the amount to insure your records? It seems to me that that
is the
really tricky part. Also, those of you who have the insurance, have any
of
you collected on it and what was that process like?
Thanks,
Laura Boldt, CRM
Georgia Power
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