A museum is a demanding business. You have to look out for stampedes and slip-and-fall accidents when hosting an auction event that will invite prominent people. Fire and sprinkler leakage can happen and damage the rare books donated by libraries.
You also have to think how devastating things can get if a conservator makes a mistake and damages a piece of antique from the bygone days that has a great cultural and moral value to the place where your museum is operating.
Art gallery, exhibition, and museum insurance protects you from financial losses caused by lawsuits, property damage or loss, employee injuries, and other risks. Policies you can get from this tailored coverage are general liability, workers’ compensation, employer’s liability, commercial property insurance, and more.
Limits Of General Liability Insurance
|General liability per occurrence limit||$250,000-$1 million|
|General liability aggregate limit||$1 million-2 million|
|Products and completed operations limit||$2 million|
|Advertising injury coverage limit||$1 million|
Your museum and art gallery will admit people. You have liability over the bodily injuries or property damage of people who experience an accident while on the premises of your business.
Operate without worries by getting general liability insurance. Your museum and art gallery will find this insurance useful when:
An attendee slips and falls on a wet floor, where an employee forgot to place a caution sign
An exhibit of your museum goes haywire and injures an attendee
An accident happened during an activity in your museum, and the participants sustained injuries
An attendee falls from your museum’s stairways
Your employees were installing a heavy exhibit. They made a mistake and the exhibit fell on someone, causing injuries or property damage
Museums and art galleries get general liability insurance to cover claims for bodily injuries or property damage. Every time you face a claim, general liability insurance takes care of these costs:
Medical treatment of the attendee or any other third party who sustained an injury
Refunds for the damaged property of the claimant
Defense costs such as attorney fees, investigation fees, court filing fees, etc.
General liability insurance for museums and art galleries has additional coverages that protect you from other exposures. The most common ones are:
Advertising Injury Coverage-Advertising injury coverage of general liability insurance will take care of expenses if another individual or business entity accuses your museum and art gallery of copying promotional materials, visuals, and other intellectual properties. Another thing, the advertising injury coverage of general liability insurance also applies if your museum and art gallery faces a claim for slander, libel, invasion of privacy, and breach of confidentiality.
Products And Completed Operations Coverage-The products and completed operations coverage of general liability insurance will cover expenses when an attendee files a claim for bodily injury or property damage after joining one of the activities of your museum and art gallery.
Rented Premises Liability Coverage-The rented premises liability coverage of general liability insurance takes care of indemnification if a space, your museum and art gallery is renting for a few days, gets damaged or destroyed because of a fire.
Get all the best quotes from leading providers in a click of a button!
Limits Of Commercial Property Insurance
|Building coverage limit||$25,000-$1 million|
|Contents coverage limit||$5,000-$500,000|
|Outdoor property coverage limit||$2,500|
|Valuable papers and records coverage limit||$10,000|
|Accounts receivable coverage limit||$10,000 (on premises)|
$5,000 (off premises)
|Coverage limit for property of others in your custody||$50,000-$100,000|
A commercial property policy will also be included in your museum and art gallery insurance. Get this to protect yourself in case something happens to the establishment where the equipment, artifacts, books, and artworks are displayed and stored.
Your museum and art gallery can use commercial property insurance to recover losses and pay for reconstruction or repair expenses in case the building is damaged or destroyed due to:
Other covered perils
Commercial property insurance doesn’t cover artworks, , and artifacts stored and displayed in the building. However, the policy can reimburse losses if HVAC, electric generators, computers, fixtures, and other similar business properties become damaged or lost due to the perils above.
Fine arts insurance protects your museum and art gallery’s artworks against theft, fire, malicious mischief, and sprinkler damage. When a covered peril happens, this insurance will reimburse your losses based on the total value of all covered artworks.
You get up to $50 million coverage from fine arts insurance. Some insurance companies also cover the following items inside your museum and art gallery with this policy:
Stamps and coins
Limits Of Commercial Auto Insurance
|Auto liability coverage limit||$25,000 per bodily injury|
$50,000 per accident
$15,000 per property damage
|Uninsured motorist coverage limit||$25,000 per bodily injury|
$50,000 per accident
|Underinsured motorist coverage limit||$25,000 per bodily injury|
$50,000 per accident
|Medical payments coverage limit||$5,000 per person|
|Rental reimbursement coverage limit||$50 per day|
It’s impossible to operate an art gallery or museum without a commercial vehicle. After all, you need a ride in order to move exhibits to other cultural establishments and transport employees or officers.
Insure the commercial vehicle of your museum and art gallery with commercial auto insurance. Commercial auto insurance covers risks associated with the ownership of a commercial vehicle. Your business can avail the following from this policy:
Auto Liability Coverage-Your museum and art gallery is liable if an accident happens because of the commercial vehicle. Auto liability insurance takes care of this exposure. When an accident happens, the auto liability coverage of commercial auto insurance for museums will take care of the costs
Physical Damage Coverage-Commercial auto insurance takes care of vehicle maintenance on behalf of your museum and art gallery. It has a physical damage coverage that you can get as comprehensive or collision insurance. Collision physical damage coverage will take care of parts repair or replacement expenses if your museum and art gallery’s commercial vehicle sustained damage after crashing into an object or another vehicle. Comprehensive physical damage coverage will take care of costs if fire, weather, vandalism, theft, and other covered perils caused the damage to your business’s commercial vehicle.
Uninsured/Underinsured Motorist Coverage-Uninsured/underinsured motorist coverage will cover the medical treatment of the driver and passengers if your museum and art gallery’s commercial vehicle gets involved in an accident caused by a vehicle with no insurance or no adequate insurance.
Rental Reimbursement Coverage-Rental reimbursement coverage takes care of car rental expenses while your commercial vehicle is being repaired after getting damaged due to weather, vehicular accidents, theft, and other covered perils.
Medical Payments Coverage/Personal Injury Protection-Medical payments and personal injury protection are coverages in commercial auto insurance which cover the medical treatment of the driver and passengers regardless of who is at fault for the accident.
You can’t run a museum without permanent and part-time employees. When you have employees, it ultimately follows that you get them covered with workers' compensation insurance.
Workers' compensation insurance takes care of costs if an employee of your museum and art gallery sustains a work-related injury or disease. Here are some situations where you’ll find this policy useful:
A clerk of your business sustains carpal tunnel
An employee falls from a height while installing a display
An employee slips and falls on a wet floor
An employee sustains cuts or burns while handling a display
So how does workers' compensation insurance work? Workers' compensation insurance provides the funds you can use to cover these costs when an employee sustains a work-related injury or disease:
Employee Medical Treatment-Workers' compensation insurance allows your museum and art gallery to cover first aid treatment, emergency medical care, and surgeries when an employee sustains an occupational disease or injury.
Hospitalization-Your museum and art gallery can use workers' compensation insurance to cover food, room, and nursing fees if an employee needs to stay in the hospital after sustaining an occupational disease or injury.
Medication-Workers' compensation insurance is also designed to cover the cost of medication so that an employee can get needed medicines without using his own money or asking money from your business.
Rehabilitation-Your museum and art gallery can use workers' compensation insurance to cover rehabilitative care, so that its employee can fully recover and resume working.
Lost Wages-If the employee of your museum and art gallery can’t work because of an occupational disease or injury, workers' compensation insurance covers lost wages. Coverage for lost wages comes in the form of a weekly allowance equal to two-thirds or 67% of the average weekly wage.
Death Benefits-Workers' compensation insurance provides death benefits. In case a covered employee dies because of an occupational disease or injury, this insurance will cover funeral expenses and provide financial assistance to dependents.
Limits of Employer’s Liability Insurance
|Per employee injury limit||$100,000-$1 million|
|Per employee injury by disease||$500,000-$1 million|
|Employee injury per policy limit||$100,000-$1 million|
Employer’s liability insurance is offered as part of workers' compensation insurance policies. Its job is to provide funds in case an employee files a lawsuit against the employer after sustaining a work-related injury or disease.
Theft is the biggest threat when it comes to running a museum and art gallery. This is why you need to get multiple levels of protection against it.
Commercial crime insurance is an effective deterrent against financial losses if an employee or third party commits a crime against your museum and art gallery. The perils covered are:
Employee theft, larceny, skimming, forgery, and social engineering
Burglary or theft committed by third parties
Limits Of Art Exhibition Insurance
|Art exhibition general liability per occurrence limit||$1 million|
|Art exhibition general liability aggregate limit||$2 million|
|Art exhibition advertising injury coverage limit||$1 million|
|Products and completed operations aggregate limit||$2 million|
|Non-owned/hired auto liability coverage limit||$1 million|
|Rented premises liability coverage limit||$1 million|
|Medical payments coverage limit||$5,000|
|Liquor liability coverage limit||$500,000-$1 million|
Also called art show insurance, art exhibition policy is a specialized type of special events insurance that covers art shows held in museums and art galleries.
You typically get this as a short-term coverage that lasts for hours, days, or weeks. Art exhibition insurance offers the following:
Rain insurance for art shows covers non-refundable expenses such as equipment rental. It will also cover any financial losses resulting from reduced sales and event cancellations. Coverage also applies to extra expenses when rescheduling the art show.
Art exhibition insurance automatically comes with a general liability coverage. This covers medical treatment, property damage reimbursement, and defense costs if an accident happens at the art show resulting in injuries to attendees, vendors, visitors, and other members of the public.
Art exhibition insurance comes with liquor liability coverage. If you’re serving alcoholic drinks and a drunk guest sustains injuries or property damage, this insurance will take care of the costs. Coverage also applies if the drunk guest injures someone or damages the property of others.
Art dealer insurance is a specialized coverage for those involved in the sales of artworks. Inclusions are general liability and professional liability insurance. Some insurance companies also offer commercial auto and commercial property insurance with this tailored insurance plan.
On average, museum and art gallery insurance cost $46 per month or $552 per year for a $1 million general liability coverage. Factors that affect pricing are revenues, size of business operations, claims history, and more. In connection, here’s a table showing the rates of the carriers worth trying:
|Cost per Month||Cost per Year||Best for|
|CoverWallet||$30||$360||Art gallery, art dealer, and museum insurance quotes comparison online|
|Tivly||$33||$588||Comparing museum and art gallery insurance quotes over the phone|
|Hiscox||$36||$432||Art dealers and art galleries|
|Thimble||$40||$480||General liability insurance for art dealers and art galleries that covers the property of others in your care, custody, and control|
|Markel||$42||$504||Tailored insurance for non-profit museums and art galleries|
Get all the best quotes from leading providers in a click of a button!
Read the reviews below to know the recommended carriers' pros, cons, and pricing for a $1 million general liability coverage.
Allows you to find and buy the offers of carriers underwriting tailored coverage for museums, art galleries, and art dealers
Cancel your policy anytime
No hidden charges
Sells a tailored museum, art dealer, and art gallery insurance offering four insurance options
Not an insurance company but an insurance broker
CoverWallet’s tailored museum insurance offers four options - general liability insurance only, general liability and commercial property insurance, business owner’s policy with workers' compensation insurance, and a custom plan. Note that this company’s art gallery and art dealer insurance offers the same insurance options.
Use this insurance broker’s online quotes comparison tool to find carriers that underwrite tailored insurance for museums, art galleries, and art dealers. It won’t take long. All you have to do is provide basic business information, and quotes will be coming your way.
Note that CoverWallet allows you to cancel a policy. Furthermore, it has online claims filing and insurance payment process. If you need help with policy management, CoverWallet’s agents can be reached by phone or the MyCoverWallet app.
Best for: Art gallery, art dealer, and museum insurance quotes comparison online
Average cost: $30 per month
Our rating: 10/10
Responsive customer service
A partner of many reputable insurance companies
Call and compare museum and art gallery insurance quotes over the phone
You need to call to get a quote
Many reputable insurance companies such as Thimble, Progressive, and NEXT will refer you to Tivly (formerly CommercialInsurance.NET) if they can’t cover your museum and art gallery.
Tivly has a very broad underwriting appetite. This is why you need to call to request a quote.
Policies you can get from this carrier are general liability, commercial property, workers compensation, and others.
Call Tivly now to compare museum and art gallery insurance quotes over the phone.
Best for: Comparing museum and art gallery insurance quotes over the phone
Average cost: $33 per month
Our rating: 10/10
14-day money-back guarantee
Upgradeable general liability insurance
Doesn’t provide coverage for museums
Hiscox provides coverage for art galleries and art dealers. Policies you can get are general liability and cyber liability insurance. There’s also a business owner’s policy that bundles general liability and commercial property insurance for art galleries and art dealers. Hiscox’s general liability insurance provides $250,000-$1 million coverage for each claim.
Best for: Art dealers and art galleries
Average cost: $36 per month
Our rating: 10/10
Quick to issue an estimate of your rates
Manage your insurance online
Decide to have no deductibles
You can only contact customer service online
Thimble offers general liability, commercial property, and workers compensation insurance for art dealers and art galleries.
Each time a claim is filed, Thimble’s general liability insurance provides $1 million-$2 million coverage. The policy also grants a $2,500-$5,000 coverage for business personal property and property of others in your custody.
Remember that Thimble’s policies are customizable. You can add or remove optional coverages, choose policy limits and deductibles, and even pause or cancel your policy anytime.
Best for: General liability insurance for art dealers and art galleries that covers the property of others in your care, custody, and control
Average cost: $40 per month
Our rating: 10/10
Covers 18 types of museums
Comprehensive coverage for museums and art galleries
No online quotes for most of its business insurance policies
Markel’s museum and fine arts insurance is perfect if you’re running a non-profit art gallery or museum. Policies included are general liability insurance, professional liability insurance, special events coverage, and abuse and molestation insurance. Note that, since nonprofits mainly work with volunteers, Markel’s museum and fine arts insurance names them as additional insureds.
Best for: Tailored insurance for non-profit museums and art galleries
Average cost: $42 per month
Our rating: 9/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow