Our tailored policies offer comprehensive protection for private fine art collectors. Whether you own paintings, sculptures, or rare antiques, our specialised coverage ensures your pieces are safeguarded from loss, theft, or damage, giving you peace of mind in preserving the legacy and beauty of your fine art collection.
Who we support
Art owners
Art collectors
Art investors
We're specialists in Fine Art Insurance
Through our collective experience, we’ve observed many of the best and worst practices in the insurance advisory market. We’re here to challenge the status quo and aim to establish a new level of service. We’re combining the best traditions of technical advice and client centricity, with modern thinking and smart use of systems and technology to enhance the client experience and create a dynamic workplace for our team.
Challenges you face as a private art collector
When you invest in a piece of art, whether it is a painting, a sculpture, an antique or a rare book, it becomes an asset of significant value – both from a monetary and often sentimental perspective. The last thing you want is for your items to be damaged, lost or stolen, and you realise they are underinsured or not insured at all.
When something does happen, you expect it to be covered by your insurance policy and for the claim to be settled quickly and in full.
Unfortunately, that doesn’t always happen.
How we support
Our advisers really care about our clients, and we invest a significant amount of time understanding them, their lifestyle and things that matter to them. We work with our clients to put in place risk management and protection strategies that take into consideration a wide range of eventualities, such as theft and water damage, so that when an unexpected incident happens, you have the confidence to know you are covered.
Your policy performs
Insurance can be complex, and getting it wrong can produce heartbreaking consequences. We work with our clients to ensure they have the right cover in place, at the right level, so that if and when they do have to make a claim, they are not disappointed.
Whilst insurance cannot replace the emotional attachment, policies tailored for collectors can cover restoration costs and consequent loss in value or finding comparable replacements, easing the pain of loss due to theft, damage, fire and other accidents.
What is Fine Art Insurance?
Standard household policies are generally not sufficient for the majority of art collections. Understanding the value of fine art collections is critical to making sure the terms and conditions of your policy are adequate, and that you’re not paying for cover that you don’t need, whilst ensuring that you have sufficient levels in place for the risks you do face.
The fine art market is very nuanced and it’s important to ensure you are working with a specialist who understands how to support you in protecting your pieces or your collection.
Understanding the exclusions, the various types of cover available, valuing items and ownership rights are just a few of the areas that require specialist knowledge and insight that generally won’t be covered by a standard homeowners policy.
The unique nature of fine art pieces and their value places them outside the level of coverage generally considered in a standard homeowners’ policy. It’s important to understand the value of your items, so that you can make the right decision when it comes to determining what kind of insurance is most suitable for you. A home visit by your adviser is usually the best way to establish the type and level of insurance you need.
Who needs Fine Art Insurance?
Art Owners: Protecting individuals who own art for personal enjoyment, ensuring their treasured pieces are fully covered against loss or damage.
Art Collectors: Offering specialised insurance for those with curated collections, providing peace of mind as their collections grow and evolve.
Art Investors: Supporting art enthusiasts who purchase art as an investment, safeguarding their assets with comprehensive coverage that maintains their value.
Usual Types of Cover for the Fine Art Collection Industry
All Risks
Comprehensive protection against theft, accidental damage, fire, natural disasters, and other unforeseen events.
Worldwide Coverage
Your art collection is insured no matter where it’s located or being transported globally.
Defective Title
Protects against ownership disputes, covering the financial loss if your ownership of an artwork is legally challenged.
New Acquisitions
Automatically covers newly acquired pieces, ensuring immediate protection as your collection grows.
Pairs and Sets
Ensures the value of pairs or sets is preserved, compensating for the loss or damage of one part without diminishing the value of the remaining items.
Avoiding the risk of underinsurance
Did you know 19% of businesses haven’t reviewed their indemnity period in the last two years? Despite this, 91% of SMEs believe they have the right level of cover in place*.
What is underinsurance?
If your business is underinsured, your company’s assets are being insured at less than their true worth, leaving you inadequately protected. Therefore, in the event of a disaster, you would be compensated for less than the true value of your loss.
That’s not what you want to hear when you are making a claim. Click here to read more about underinsurance.
