Art gallery insurance solutions throughout Richmond, VA and all of Virginia.

What you have on display at your gallery accounts for much of your business’s investment. For that reason, having insurance coverage for those works of art is paramount.
What are the most common coverages needed for art galleries?

Depending on the scale of your art gallery, you might have employees who help make your operations possible. If you do, there are some coverages that you’ll need to consider. One such coverage includes employment practice liability insurance, which provides coverage for lawsuits brought by current or former employees at your art gallery. Directors and officers liability insurance (D&O) is also important, as it helps cover the personal assets of directors and officers at your art gallery should they be individually named in a lawsuit. In addition, art galleries thrive on hosting exhibits and other events, which means the cancellation of an event can hurt your business. For that reason, event cancellation insurance for covered events may cover loss of revenue and other related consequences with postponing or outright canceling an event due to covered causes.

The risks of owning and operating an art gallery.

While art galleries are places to experience the beauty of art, there are risks lurking beneath the surface when it comes to owning and operating one. Because of the high value placed on works of art, they are prime targets for theft. If the crowning jewel of your art collection is stolen, do you have enough insurance to recover from such a devastating loss? If you take a work of art to be appraised and it is damaged or destroyed while in transit, is that piece of art properly covered? And if a guest or employee is injured while on the premises of your art gallery, can you afford the costs of potential lawsuits related to those injuries? All of these risk factors are important to understand. Here are some coverage options to consider in your art gallery insurance policy:

  • Art Title
  • Business Income
  • Cyber Liability
  • Directors and Officers Liability
  • Commercial Property
  • Earthquake
  • Employment Practice Liability
  • Flood
  • General Liability
  • Workers’ Compensation
The business side of art galleries.

Your art gallery might not look like most other businesses, but at its core, it needs to be protected. Because of the high volume of foot traffic that your gallery generates, the risks go up simply because of the visitors who walk through your door. General liability insurance is important to have, as it offers coverage for the expenses associated with defending lawsuits brought up by personal injury or property damage claims. In addition, commercial property insurance offers coverage for the building itself, should it be damaged due to a covered event. Also, cyber liability insurance is increasingly vital for art galleries, as the information on buyers and guests could get into the wrong hands during a cyber-attack.

Are you ready to protect your business with art gallery insurance? Contact us to discuss your needs and coverage options.

Let’s discuss your art gallery insurance.

One of our insurance advisors will reach out to you to review your information and present you with the appropriate art gallery insurance solution. There’s no obligation, just good-old-fashioned advice.
KilGO Insurance Agency offers comprehensive art gallery insurance throughout Virginia, including Richmond, VA, Fredericksburg, VA, Charlottesville, VA, and Virginia Beach, VA. We also service Raleigh, NC, Charlotte, NC, as well as Montgomery, MD, and Howard, MD.