Fine Art Collection Care: Risk Management, Insurance and Claims

Overview

Many people collect artwork for the joy it brings them, while others also focus on the investment angle of their collection. In both cases, collectors should ensure their insurance program and risk management advice aligns with their collecting goals, as well as their estate plans. In this session, we explored how to ensure your insurance policy mirrors your collecting habits and what you expect in the event of a claim. Hear about some case studies involving art collectors, including the implications of installing sculptures with cranes, an international artwork loan to a museum gone wrong, how insurance responded to Hurricane Irma, and what help a collector received in the path of a California wildfire.

How can you protect your interest when you lend artworks to museums? What are some things you should consider when creating a Disaster Plan for your collection? What kind of advice should you receive in the event of a claim? Join us to hear these real examples of how risk management techniques and insurance program structure can affect your collection.

Listen to this webinar and gain:

  • An understanding of basic insurance implications with regard to complex art installation jobs on your property
  • How to create a working list of your requirements when lending to a museum
  • How to begin developing a Disaster Plan for an art collection

Date Published: Wednesday, December 12, 2018

Speaker

Sandy Leon, Senior Vice President, Family Office Practice, Midwest – Risk StrategiesMary Pontillo, Senior Vice President, National Fine Art Practice Leader – Dewitt Stern, A Risk Strategies Company

This webinar recording is available to FOX members and is available for purchase by FOX Public Network Guests.