Art Collection Insurance: What You Need to Know to Stay Protected
Regardless of the size or location of your art collection, understanding your risks and coverage options is essential for safeguarding your objects.
Navigating the world of art collection insurance can be overwhelming, but you don’t have to do it alone.
We invited Adrienne Reid from Huntington T Block to address the risks and scenarios faced by art institutions today. This presentation will give you practical strategies and expert insights, so you can make informed decisions about your insurance coverage and keep your artwork safe for the future.
- Emergency Preparedness: Explore strategies for protecting your collection in the event of unforeseen circumstances; including mitigating human error.
- Adapting to Changing Risks: As natural disaster risks evolve, learn how to update your insurance strategy to protect your fine art collection from emerging threats, like terrorism.
- Navigating the Claims Process: Get tips for effectively navigating the claims process if the worst happens.
- Insuring loans: Avoid disputes with lenders
- Limits of Coverage & Shipping/Storage Considerations: Understand the limits of your coverage, and what you need to know when it comes to shipping and storing valuable art.
- Risk Assessment: Identify your collection’s vulnerabilities faced from natural disasters to theft to damage during transportation.
- Policy Essentials: Gain insight into the different types of art insurance policies available for your permanent collection, loans and temporary exhibitions.
- Appraisal and Valuation: Learn how to ensure your artwork is properly valued, and why maintaining accurate records is essential for both insurance purposes and long-term care.
Don't miss this opportunity to get advice from an insurance expert so that you can properly insure your collection this year.
About Adrienne Reid
Adrienne has over 20 years of experience as a specialized fine art insurance broker for museums, universities, municipalities, art dealers, private/corporate art collectors, traveling exhibitions, and art shippers.
She is experienced in reviewing loan agreements, providing risk management recommendations, and negotiating fine art insurance placements. She is a manager of a multi-office team of fine art brokers for Huntington T. Block.
Her background is in ocean marine cargo insurance with a degree in Art History & Political Philosophy. She received her MBA in Finance & Management from Tulane and earned designation as a Certified Insurance Counselor. She is a 7 time winner of the prestigious Fine Art Power Broker Award from Risk & Insurance Magazine. She is also a panelist and speaker at museum industry conferences and a contributing writer for URMIA White Paper on fine art insurance.
About Artwork Archive
Artwork Archive is a leading cloud-based art collection management platform designed to meet the needs of museums, galleries, and other arts institutions. With intuitive tools for cataloging, reporting, and showcasing, Artwork Archive empowers organizations to efficiently manage their collections while enhancing accessibility and preservation. By streamlining documentation, improving risk management, and fostering greater engagement, Artwork Archive helps museums ensure the long-term care and stewardship of their collections.
And when it comes to insurance, you'll be prepared during emergencies with a platform like Artwork Archive. Upload appraisals, condition reports and loan agreements. Track artwork values, their locations and important contacts. And, easily share out information with professional reports and Private Viewing Rooms.