It’s A Risky Business: Why Insurance Matters In The Art Industry

By Vivian Costandy Michael, Esq.

“Art and insurance” may not roll off the tongue like “art and design” or “art and wine,” but those in the art business should know they are an equally natural pairing. Insurance is a way of managing risk, and no industry, including the art world, is immune from risk.

In recent headlines, the COVID-19 pandemic has brought every industry to its knees in a matter of weeks, and the art industry is no exception: art fairs, exhibitions, and other art events are canceled or postponed throughout the world.