Most people appreciate ART. Some people enjoy collecting, buying and selling ART. Very few people get excited about ART insurance. We love it, especially insurance for ART GALLERIES.
D.J. Colby Co., Inc. can help place coverage for art galleries, studios, museums and personal art collections.
Coverage for ART GALLERIES starts with a good business owners policy (if too big for a BOP, we can place on a commercial package). Typically, BOPs provide fairly broad coverage at a reasonable premium, but not all BOPs are the same. Our BOPs are competitive, include broadened property and gl endorsements and can be tailored to include needed coverages. The flexibility to add and remove coverage allows us to customize policies for galleries that include provisions for special events, host liquor, epli and others. But even with this flexibility, BOPs themselves can come up short.
Business Owner Policies
So great coverage for galleries may start with a good BOP, but BOPs come up short covering one thing that is particularly important to art galleries - THE ART. That is because BOPs typically have limits for fine art, property of others, property in transit and property off premises. Also, when it comes to ART, valuation can be complicated and sometimes small commercial carriers do not have expertise with fine art. Finally, BOPs may exclude property damage caused by certain perils including humidity, molds, vermin and others. We want to avoid situations where a Gallery owner thinks that their art is covered under their BOPs BPP, only to find out after a claim that their coverage is not adequate. To provide the best coverage for the above situations, the solution is an ART DEALER FLOATER.
ART DEALER FLOATERS
ART DEALER FLOATERS are design specifically for dealers and galleries and can remove gaps in coverage. The coverage can protect the artwork every step of the way — from when it is packed at the artists studio, while it is displayed either at the gallery or off premises (i.e. in a building lobby or at an art fair), to when it is is delivered to a buyer or sent back to the artist. Our carriers that provide FINE ART DEALER coverage have specialists with knowledge to provide risk control and expert claims handling. We can quote coverage for small or large galleries just send us the acord along with this specialized app -ART DEALER COVERAGE APPLICATION.
For art galleries, we can help you place the BOP together with a floater or either coverage individually. We can also consider the WC, Umbrella, Foreign Liability and other lines. In addition to galleries, we can help place coverage for art studios, art schools, museums and even personal collections. Contact us if you have any questions or want to discuss a particular risk, 212-937-0024 or email.
We wish you the best and look forward to working together on your art risks.