As a non-profit organization serving your community every day, would you and your staff know what to do if something terrible were to happen? How would you and your staff react to an unexpected life-threatening, chaotic or emotionally charged situation? While it is impossible to anticipate every event, you can develop a framework for responding … Read more
Art Appraisals: What is Fair Market Value? In simple terms, fair market value is the price an object could be sold for if it were put up for sale on the open market. For example, if you offered it for sale on a website and you and a knowledgeable, willing buyer agreed on a price. … Read more
Insurance Issues As an art auctioneer you require proper insurance protection for your solely-owned, jointly-owned and consigned estate property, any articles on your premises, during domestic and international transit, and for works at exhibits, auctions or on display. Your insurance policy should include broad protection from the time the artwork is taken by you, from … Read more
Insuring your personal collection As a collector and owner of fine art and collectibles, you know and understand the importance of individual pieces of art and the unique qualities that make up your collection. Regardless of the size of your collection, you are better protected with a specialized art insurance policy and attention should be … Read more
Fine Art Insurance The art and antique dealer requires appropriate levels of insurance protection from unforeseen events. And many renowned dealers stack up art pieces that have historic importance and relevance. An art piece once damaged loses its value therefore finding the right insurance coverage is critical. Protecting the pieces while on exhibition and during … Read more
Conducting an art exhibition requires thoughtful contemplation and preparation for the potential of unforeseen events such as theft and damage to or destruction of valuable artworks during transportation and while at the exhibition venue. Although losses are rare, they can be very expensive. Purchasing art insurance provides peace of mind for the one-time event or … Read more
One of the myths associated with nonprofit D&O exposures is that there are few sources of claims since nonprofits do not have shareholders. While it is true that the vast majority of lawsuits filed against nonprofit boards are filed by current or former employees that are alleging wrongful employment practices, nonprofits serve large and varied … Read more
Thank you for your interest in our specialty insurance programs. The following items should be considered when purchasing insurance specific to your exposure. We hope this insurance protection synopsis is helpful. We will be more than happy to assist you in the insurance application process. As always, you are welcome to call us at any … Read more
Thank you for your interest in our specialty insurance programs. The following items should be considered when purchasing insurance specific to your exposure. We hope this insurance protection synopsis is helpful. We will be more than happy to assist you in the insurance application process. As always, you are welcome to call us at any … Read more
To date many states have enacted legislation that limits the liability of the non-profit boards of directors to some degree. As a result, some organizations have concluded that they do not need to carry Directors and Officers Liability insurance for their organization. This is a mistake. Since tort reforms are mostly untested in the courts, … Read more