Art Dealer Coverage
The art marketplace is drastically evolving as the world becomes more digitalized. While art has predominantly been exhibited in traditional brick-and-mortar galleries, there is a trend toward moving to a flexible gallery/online model. However, the potential for losses due to human error or natural disasters remains a constant concern for the industry, regardless of the physical or virtual nature of the gallery environment.
The business of buying and selling art presents very specific and unique exposures as artwork is constantly installed, deinstalled, handled and shipped worldwide. Accordingly, dealers require comprehensive and flexible coverage that responds to the frenetic pace of the art community, while avoiding any serious gaps in coverage.
Part of Tokio Marine Kiln, one of the largest carriers in the Lloyd’s insurance market, rated A+ by Standard & Poor’s for financial strength
Tailored Insurance Solutions
Broad all risk coverage of physical loss or damage, with low minimum premiums and capacity of $350 million per risk
Expert Claim Handling
Superior claims management and best-in-class customer service paired with loss prevention advice and disaster planning
Why Entrust Us with Your Art Dealer Insurance Needs?
Our art dealer insurance provides coverage for stock and merchandise owned by, on loan to, or consigned to the dealer or gallery. This includes art in transit, in storage, at a restorer or on exhibition.
Additionally, our policies provide broad physical loss or damage coverage for premises, transits and exhibitions on a “wall to wall” basis for domestic and international shows, as well as stock at unnamed locations.
Our policy highlights include:
- Art fairs and trade shows coverage
- Art reference library coverage
- Bailee legal liability coverage enhancement available
- Covered property includes inventory, loaned items, objects on consignment
- Minimum policy deductible: $1,000
- Minimum policy premium: $2,500
- Natural catastrophe exposure restrictions may apply
Submission requirements include:
- Completed application, including prior loss experience
- Sample/template of consignment and loan agreements used
- Documented experience as gallery owner/dealer
- List of projected attendance at art fairs and trade shows
- Sales history
Director of Claims Management, Fine Art Division
Colin Quinn serves as Director of Claims Management for Tokio Marine Highland’s Fine Art Division. With 15 years of claims management experience, Colin joined Tokio Marine Highland from AXA Art Americas, where he … Read more
Process and Reporting Manager, Underwriting Coordinator, Fine Art Division
As Process and Reporting Manager, Underwriting Coordinator of Tokio Marine Highland’s Fine Art Division, Dana Wexler provides development, implementation, and oversight of the division’s policies and procedures. Dana joined Tokio Marine Highland in January 2021 … Read more
Senior Policy Processing Specialist, Fine Art Division
Josie Tse joined Tokio Marine Highland in July 2023 as a Senior Policy Processing Specialist in the Fine Art division. Josie Tse brings 14 years of experience processing fine art policies, documenting processes and guidelines … Read more
Policy Processing Specialist, Fine Art Division
Mary Frodsham joined Tokio Marine Highland in 2021 before becoming a Policy Processing Specialist for the Fine Art Division in 2022. Mary’s diverse background and experiences provide her with an exceptional understanding … Read more