Art for Art's Sake – Insurance for Art Galleries

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Reich are always looking out for new initiatives which set us apart from the market. The insurance industry is awash with golf club schemes and schemes for butchers' shops etc.

We wanted something different and we have mentioned in past newsletters our love of the paintings created by the young Kieron Williamson.

The business recently acquired one of Kieron's paintings for our boardroom and following a great deal of research in this highly specialist area, we have created a bespoke insurance package for UK Art Galleries. This offers the highest levels of protection in a single portfolio, which is flexible enough to cater for their individual insurance needs.

In recognition of the demand for specialist knowledge in this area, we have established a team dedicated to the insurance needs of the Art Gallery industry.

Here are some of the key features of the Reich GALLERYSURE insurance package:- 

- Market Agreed Value on items of artwork (subject to internal limits) meaning
no haggling on value in the event of a claim

- Stock declaration - this allows you to instantly increase your cover for
exhibitions you may hold at certain times of the year

- Financial Loss extension to ensure you are protected for providing wrongful
financial advice (subject to internal limits)

- Public Liability - Automatic Cover for working away i.e. exhibitions and art
classes which take place away from your premises.

- Commercial Legal Expenses cover automatically included

- Money cover automatically included

We would never enter a market without ensuring we understand clients' needs fully but we feel there is a gap in the art gallery market for a new approach. We want to bring a highly personalised service to art gallery owners.

We already insure clients in this market and the testimonial below was received from one of our loyal clients:-

"Reich Insurance transformed the way in which I approach the comprehensive cover associated with insuring my art gallery, home and car. Their knowledgeable, efficient and friendly staff are quick to assist fully with any queries and make the trickiest policies seem transparent and easy to understand. Flexible and adaptable policies mean that I have no doubts in my mind that the business is fully covered. With a bespoke account manager I know any information or advice is just a phone call away and not only is the service exceptional the price is unbelievable too."

Adrian Hill, Managing Director, Picturecraft Gallery Limited, Holt, Norfolk

If you know any gallery owners, please recommend us and ask them to call Dean Henson in our Commercial Department on 0161 830 5462.

Tags: art gallery insurance