Get a quote

×

Join Our Distribution List Today!



×
Need help managing your business risks during COVID-19? – CLICK HERE FOR INFO YOU CAN USE
ALIGNED Insurance

Call Toll Free
1-866-287-0448

Art Dealer Insurance

Art Dealer Insurance
ALIGNED - CLICK HERE to get a FREE insurance quote now - Header - June 2021
Want insurance? Click HERE to get a FREE QUOTE!

Art dealers can interact with valuable art pieces, either as the buyer or seller or the intermediary between the buyer and seller. Some of the artwork that art dealers see can be hundreds of years old and worth thousands or even millions of dollars.

Before putting artwork away in their shop or selling the pieces to a collector or museum, the art dealer must ensure that the artwork is safe and undamaged. And while art dealers are incredibly careful with the artwork they are responsible for, we want to make sure they are protected if an accident ever happens.

ALIGNED can help create a custom art dealer insurance with coverage to protect art dealers in unexpected events.

Why is Art Dealer Insurance Important?

Art Dealer Insurance
Looking for art dealer insurance in Canada? Contact us HERE to get your online quote started now!

All art dealers face risks when handling valuable and sometimes historic art pieces on behalf of their clients. Some of the risks can include:

  • A glass of wine knocks over onto a painting, staining the canvas, which needs restoring or repairing.
  • An art dealer provides facilities for art classes or studios, and one customer is injured or suffers property damage while on their premises.
  • An art dealer is repairing, cleaning, or framing an art piece that a client brings in but damages the artwork in the process.
  • The art dealer’s commercial space or studio can suffer from an act of nature, theft, or vandalism that leaves costly damages.

Any of these risks can create massive debt, leading to bankruptcy or other financial setbacks. 

What Does Art Dealer Insurance Cover?

Art dealer insurance is designed to cover a range of financial losses that can occur on the commercial premise of art dealers.

Commercial General Liability Insurance – Also known as CGL insurance, commercial general liability insurance covers bodily injury and property damage that clients suffer from your services or while on your premises.

Commercial Property Insurance – This covers your commercial premises, studios, pieces of art and most contents against insured perils like floods, theft, fires, and more. Commercial property insurance is essential for art dealers because they carry a lot of inventory. However, depending on the type and cost of the art specialized fine arts and property in transit extensions may be required.

Professional Liability Insurance – This is beneficial if you provide appraisals or authentication of art. You must have valid qualifications, and all art appraisals should have verifications to prevent losses from claims.

Craft a Custom Art Dealer Insurance with ALIGNED

ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Contact an ALIGNED commercial insurance specialist for a free quote, or use our free online tool.

Related Posts: 

It’s time to get insurance value and choice aligned. Want Canadian business insurance that aligns with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448 or click to Get a Quote!

We’re ALIGNED across Canada. The ALIGNED Insurance National Operations Centre in Cambridge, Ontario supports our Toronto, Calgary and Vancouver offices. Our industry peers consistently recognize us as one of Canada’s best insurance teams. 100% Canadian-owned, we are super proud to be one of the fastest-growing insurance brokerages in the country.

We deliver e-news you can use. Get practical business insurance insights in your inbox every month. 19,000+ people subscribe to our free ALIGNMENT Matters e-news. Just click the JOIN OUR DISTRIBUTION LIST button – at the bottom of our homepage – to get connected.

365 | Get ALIGNED. Every day, Canadian business leaders read our insurance insights. Find us on LinkedIn, TwitterFacebookInstagram and YouTube.

Leave a Reply

Your email address will not be published. Required fields are marked *

CLICK HERE TO GET A BUSINESS INSURANCE QUOTE NOW