Museums are among the most important cultural centers in any community and enjoy both public and private support. Whether a museum’s collections consist of art or historical artifacts, the risks that these institutions face are as unique as their exhibits. The need for proper insurance coverage is essential to keeping the doors open and exhibits protected.
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 $100 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 Museum Insurance Needs?
We understand the varied nature of museum collections, there is no one-size-fits-all insurance solution. Our comprehensive policies offer multiple coverage options and provide your clients with a variety of customizable choices related to limits and exposures. Our policies provide worldwide coverage for both the permanent collection and loaned items, while property in transit is covered on a “wall-to-wall” basis. Additionally, our policies cover vandalism and malicious mischief to statuary and outdoor installations, which are particularly at risk at public institutions.
Our policy highlights include:
- Art reference library coverage included
- Coverage for statuary and outdoor installations
- Coverage for owned and loaned objects
- Flexibility in limit changes to accommodate exhibitions
- Newly acquired objects are automatically covered, up to 25% of the policy limit of insurance
- Valuation for owned objects is “current market value,” for loaned objects “agreed value”
- Worldwide coverage
- Minimum premium: $1,000
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, Fine Art Division
As Process and Reporting Manager 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