Category Archives: Artist Insurance

How Important is my advice

I have been in the insurance business for over 35 years. The experience and situations I have encountered are many. When it comes to protecting your Assets, there are many variables which one must consider. Not all policies have the same terms and conditions.

Possible Exclusions are many, Earthquake, Flood, Named storms, Mold, Water, Theft from premises. Terrorism, other than Named locations, while in Transit, etc.

Conditional: vary too. Alarm warranties, Shipping, and packaging, Schedules, Unscheduled, appraisals. Notifications for removal from storage, vaults, when loaned at exhibitions, travel outside the continental USA. reporting form,

Valuations: variables are, Agreed amount, Appraisal value, percentage less sale price, percentage plus consignment, Onus of Proof.

Sub-limits: Bouillon, Jewelry, Electronics

Territory restriction, World wide, continental USA,

Deductibles: $1,000, 2,500, 5,000, 25,000, 100,000

Payment Plans: Direct Bill< Credit Card, Wire transfer, Check and Cash.

Insurance Company: Admitted. Non-admitted, Risk Retention Group, Foreign, AM Best Ratings

The above are just a few items which are negotiated during the process.  I like to speak to all my customers to get a sense of what they situations are and how to protect them from a financial loss.

Not everything is ever covered by a policy, most can be.  I have found many different niches which companies give very good policies, service, and prices.

Work with me and you can feel the importance of working with a human who can relate to your Insurance exposures.

www.artinsurancenow.com

William G. Fleischer, CIC

President,

Bernard Fleischer & Sons, Inc.

http://www.artinsurancenow.com/

How to insure an Artist Estate?

This week, I insured an individual who was left with over 2 million worth of Art from an artist. There were over 1,000 works on paper, 600+ works on canvas. It is in the process of being cataloged and photographed. There were no appraisals since it’s in the gathering portfolio stage.
The call was triggered because some of the work was going to be exhibited and they wanted to protect the Art.

I recommended using the collector’s application instead of the Dealer application.  The main difference is how the settlement option works.  As a collector, you will be paid for the Art at Fair Market Value and as a dealer, it will be 30% less of the sale price.

Call me 212-566-1881 ext 111

William Fleischer, CIC

 

APPLICATIONS:

Art Dealers
Artist Transit/Exhibition/Studio Insurance New Program
Auctioneers
Conservators/Restorers
Corporate Collections
Personal Collections
Exhibitions
Museum Collections
Business Owners Liability

Artist who Exhibits… Read further.

artists-expenses

I have been working with many artists who have opportunities to exhibit in venues where the venue only offers the space but not the Insurance for the Art installed.

Many times as I interview these Artists, I find out the Artwork limits requested and the time period required will trigger the policy minimum premium of $1,000.

Being that I care about artists and the expenses they go through I explain for the same cost, Insurance is available to cover Artwork in the studio, in storage, while in transit and while the Art is at exhibitions.

Call me at 1.800.921.1008 to find out how you can protect your artwork or fill out the artist application here at www.artinsurancenow.com

William G. Fleischer CIC

Bernard Fleischer & Sons

 

Artists can insure their own work

For the past few weeks, I have written Fine Art policies for Painters, sculptures, and photographers.  The coverage is broad enough where the Art is covered in Transit, at the Gallery or Venue, and most important while it is in the studio.

The value of the art is based on the selling price minus 30%than the sale price. If the piece is sold. There is one catch, for the work to be covered, it must be for sale.  Living with an artist, I know everything in the studio is for sale, the question is at what price.

Which brings me to another determination.  The sale price is based on previous sales, just to keep the numbers real in an event of a loss.

Download the application here Artist’s fine art Insurance