When operating an art gallery, getting business insurance coverage to protect your gallery should be top priority.
General liability insurance protects your business from financial strife of customer's legal or medical costs for injuries while on your art gallerys property. This will cover your legal defense and the costs associated with the loss if you are found liable, up to your policy limits.
Property damage, whether it is from fire, extreme weather conditions, or natural disasters, flood from severe rainstorm, property insurance would cover the cost of repairing or replacing your business-related property including structural damage to your building and the business materials you store there.
Workers compensation insurance is required by law in most states of the US. If an employee is injured in a work related accident, workers compensation will pay for their medical care and recovery expenses. Your business will also not be responsible for the damages or sued by your employee.
Your gallery may provide services such as holding art classes or a gallery debut for a new artist. If, after you have completed the contracted services a customer files legal claims against you for those services, this insurance would cover your legal fees and any required settlement.
As an art gallery, you are at largest risk for crimes. Losses by crimes including vandalism, theft, shoplifting and embezzlement by your employees and customers, goods paid with stolen credit cards are covered by obtaining crime insurance.
Vehicle used for business operation such as delivering or picking up supplies for art gallery business should be covered by business auto insurance. Business auto insurance provides coverage against accidents, vehicle damage, theft, or vandalism while using your vehicle for business purposes.
Operating an art gallery offers you the unique ability to work at a job you are passionate about while also running a lucrative business. But running an art gallery is not free from unexpected occurrences. To protect yourself, your business, and your assets, you need to have the right kind of business insurance as a safety net and then you can focus on your passion with confidence.
Regardless of what you showcase or sell, Due to the nature of operating a business such as this, you’re exposed to a variety of risks as accidents, claims of services provided, unexpected disasters, property damage and other potentially expensive problems.
Running an art gallery without insurance is taking a mighty huge risk. Our broad, tailored coverage options and enhancements are based on our deep knowledge and experience in the art gallery insurances, and specifically designed to meet the needs of our customers.
At Business Insurance Agency, we will take the time to get to know your business and assess the risks involved in your business, and can assist you with the right coverage options you need at an affordable price.
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