Charles Art Insurance | Art Gallery and Private Museum Insurance

Art Gallery / Private Museum "All Risks" Policy Summary

Significant Features and Benefits

You are covered for loss or damage to stock whilst at your premises, including fire, water and accidental damage
Cover extended to stock temporarily removed from your premises up to a pre-agreed limit and within a pre-agreed area
You are covered for fairs and exhibitions, if pre-agreed by us
Cost or artist consigned price
Option for agreed values on special items

Significant Exclusions

Wear and Tear
Inherent defect and breakdown
Gradual deterioration
Loss by insects or vermin
Damage by atmospheric conditions
Damage due to the art undergoing a process e.g. restoration
Confiscation and War
Wilful acts by you or an employee
Radioactive contamination
Losses discovered during stocktaking
Stock not adequately packed for transit
Stock in Unattended Vehicles
Fraud and dishonesty by you, your employees or those you entrust stock to for sale

Insured Name *

Name of Director

Mailing Address *

Name of Contact Person

Tel *

E-mail *

Total Limit of Insurance (SGD) *

Insured Location (s) *

Do you have fire/burglary alarm installed at the Insured Location(s)?

Do you have 24 hour security guard stationed at the Insured Location (s)?

Do you have CCTV cameras installed at the Insured Location (s)?

Are there any other security and Protection?

Will you renovate the Insured Location (s) in the next 12 months?

Will you relocate the Insured Location (s) in the next 12 months?

What is number of years in operation? If less than 5 years, brief previous experience?

Inventory Breakdown by % (i.e painting, sculpture, jewellery, ceramic, Jade, artefact or antique) *

Do you keep a detailed and itemised art inventory?

How often do you check and update your gallery inventory?

What is the average cost price of your art stock per piece? (SGD)

What is cost value of your most expensive artwork?

Do you have consignment agreement with artist?

How many staff do you have?

What was total value of inbound/outbound art shipment in the last 12 months?

Please name art fair (s) will your gallery participate in the next 12 months

How many exhibitions will you have in the next 12 months?

Do you do condition check and report for inbound/outbound art shipment?

What are your gallery annual sales for each of the last three years?

Does your gallery has any loss or insurance claim in the past five years? If yes, please brief. *

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