Insurance
Issues relating to insurance are a key subject for art and antiques dealers, auctioneers, collectors and curators.
The insurance market has long provided specialist cover in this area but firms have begun to broaden their scope with regard to risk assessment and management.

Portobello dealers ‘left reeling’ as flood hits shops and arcades
19 July 2021Portobello Road dealers are cleaning up after “a month of rain in 90 minutes” flooded homes and businesses in the area last week.

FCA insurance ruling welcomed by the trade
25 January 2021News of the Supreme Court ruling that will allow thousands of small businesses to receive insurance payouts covering losses from the first national coronavirus lockdown has been largely welcomed within the art and antiques trade.

Loaning art at home and abroad – a check list
23 December 2019As a collector, there are a number of attractive reasons why you may wish to loan an artwork or antique to an institution, either temporarily or long term, writes Petra Warrington of Hunters Law.

Hey big lender - options for collectors
23 December 2019Building your collection can involve a lot of thought along with the time and money involved, but it is also worth spending a while thinking about how to share it.

Policy aims at non-traditional gallery dealers
24 June 2019A new insurance policy targeting dealers who do not work in traditional galleries has been launched by London and Lymington brokers Hallett Independent,.

COMMENT: The art market challenges
24 June 2019The principle of insurance is to put you back into the position that you were in before the loss occurred. This can be challenging when navigating the art market, writes Dr Abigail Price.

COMMENT: How we can step in to help
24 June 2019We have recently acted for a number of clients who either have had the misfortune of having to call on their insurance when a piece of artwork has been damaged or where we have been instructed by insurers to bring a swift resolution to a spurious claim, writes Rudy Capildeo.
ATG letter: Insurance implications of the 'sleeper'
28 January 2019MADAM – I totally agree with the comments made by Eddie Holt (‘Spectacularly wrong valuations? No thanks’, Letters, ATG No 2376) regarding valuations given by ‘experts’.

INSURANCE: Steps buyers and sellers can take in a business fraught with risks
17 July 2017The business of trading in art and antiques is fraught with risks. With the added complexity of Brexit looming, ATG outlines the insurance steps buyers and sellers can take...

INSURANCE: Get ready for Brexit realities
17 July 2017The UK and European Union now face an uncertain future, with cross-border controls a key concern for exporters and importers as politicians debate memberships of the single market and customs union. What does this mean for the art market and its insurance needs?
Insurance on a budget: top tips for art market professionals
17 July 2017“There are insurers in the market who purport to be specialists but who have little, if any, experience in settling difficult claims, such as those involving depreciation as a result of damage. Their premiums are very competitive, but brokers have no knowledge of how claims will be settled.

‘All risk’ insurance won’t cover Dutch theft
10 April 2017An audacious robbery in Amsterdam has left a dealer without insurance cover for the theft of more than 250 Asian works of art.

Insuring valuables in a changing world: the art and antiques market takes cover
20 July 2016Increased risk around compliance, global trade and even terrorism suggests antiques firms need to insure a wider range of activities. But how can they do so without breaking the bank?
Insurance for conceptual art
28 April 2015US insurance firms Crystal & Co and AIG Private Client Group are working together to create a new product for owners of conceptual art.
Art insurers cover auctions blighted by technical failure
02 February 2015Specialist fine art insurance brokers Anthony Wakefield & Co. are to offer cover for auctions cancelled or abandoned due to technical failure.
Hiscox launch self-valuation policy online
30 January 2014Hiscox have launched what they say is a unique insurance policy allowing collectors to value their own items and sign up online for cover in minutes.
Christie’s new insurance for UK private clients
02 November 2009CHRISTIE’S have launched a one-stop insurance service for UK private clients, taking in all their insurance requirements in a single-payment policy package.
Insurance expert sounds alert over consignment premiums
06 February 2009A LEADING fine art insurer has alerted UK auctioneers that they may be breaking the law in the way they provide insurance cover for items consigned for auction.
No premium rise for private collectors say art insurers
10 March 2008Fine art insurance premiums for private collectors will not rise following the recent spate of high-value art thefts, despite speculation to the contrary, say industry experts.
South Africa insurance deal struck
10 March 2008ARTINSURE have secured an arrangement to act as specialist insurance product provider to the South African Antique Dealers’ Association.

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