From online sales platforms to international museum exhibitions, collectors of fine and decorative art face a number of evolving risks. Chubb's Fine Art Practice has developed a suite of complimentary services to respond to these risks and help preserve your clients' collections for future generations.
Established in May 2014, the Chubb Fine Art Practice has access to fine art and collector specialists in the U.S. who provide consulting and other services to clients who have a Chubb Valuable Articles insurance policy. The specialists—many of whom have degrees and other training in art and have worked in museums, galleries and auction houses—have extensive knowledge in assessing risks in homes, offices, galleries, art warehouses and other locations where clients may store their collections.
Chubb’s Fine Art Practice offers the following services:
- Referrals to fine art service providers. Chubb's fine art specialists can provide referrals to experts worldwide, including fine art packers, transporters, conservators, advisers and appraisers. These vendors are considered best in class and many offer discounts to Chubb clients.
- Guidance on packing and transit. Collectors should use vetted art-handling companies that understand the intricacies of working with fine and decorative art. Chubb specialists can provide guidance on appropriate packing, crating and transit based on an object's fragility and value.
- Off-site storage assessments. As the art market continues to grow, so too has the number of warehouses dedicated to the storage of rare and valuable objects. As collectors increasingly use fine art warehouses, a firm understanding of construction, protection, security, storage conditions and management expertise is more important than ever. For collections valued $1 million and up, Chubb's fine art specialists can complete risk assessments of fine art storage facilities or refer clients to a pre-approved location.
- Fire, security and loss prevention advice. Chubb's fine art specialists are available to review alarm plans, recommend monitoring companies, consult on environmental controls appropriate for a collection and provide tailored advice to protect valuable assets.
- Review of museum loan agreements. More collectors are lending works to domestic and international museum shows, and it's important to understand the risks involved. Chubb's specialists can review museum facility reports and loan agreements to evaluate the acceptability of the borrowing institution from a loss control perspective.
To take advantage of any of these complimentary service offerings, contact Nancy Doherty of Big "I" Markets for the name and contact information of the Chubb collections management specialist in your territory.