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Artists' insurance policy (AIP)
Outlining the Artists’ Insurance Policy and its key features for AIR members.
In addition to the free £5m Public and products liability (PPL) insurance for UK-based AIR members, brokers Hencilla Canworth Ltd and a-n The Artists Information Company have developed the Artists’ Insurance Policy (AIP) for practising visual and applied artists. This enables AIR members to buy additional insurance such as for artwork and materials, studio and contents, and employers’ liability at a highly competitive price, with policy benefits tailored to reflect the diversity of work practice and professional requirements of visual and applied artists. Through negotiations with policy underwriters, AIR members exclusively benefit from discounted premiums, lower excesses and enhanced cover.
Practising individual visual and applied artists who are not already AIR members can join AIR by buying an a-n+AIR subscription online in order to be eligible to purchase the Artists’ Insurance Policy. To join go to www.a-n.co.uk/subscribe.
Activities
The Artists’ Insurance Policy (AIP) covers a range of risks for visual or applied artists. ‘Visual or applied art’ includes painting, drawing, printmaking, photography, digital or time-based media, sculpture, ceramics, community arts, glassmaking, textiles, jewellery, mixed media, interactive arts, crafts, live art and physical performances.
Geographical scope
AIP is available to purchase by AIR members who normally practice in the UK and includes temporary work undertaken outside the UK, although special terms and/or higher premiums may apply for work in USA or Canada.
Main policy benefits
• All risks' cover for artwork including stock of materials and work-in-progress
• Completed work insured for net sale price
• Worldwide cover available including exhibition, storage and transit risks
• Cover for tools, equipment and studio contents
• Automatic cover for reduction in gross profit following an insured incident
• Employers' Liability and additional Public Liability Insurance as required
How to apply for quotation or cover
EITHER: you select from four ‘off the peg’ options summarised below, created for AIR members based on surveys of likely needs and at a highly competitive cost, that provide the same benefits as the main policy but with alternative ‘bands’ providing different maximum levels of cover.
OR you can ask for an AIP Individual quotation.
AIP – off the peg options
| Option 1 | Option 2 |
|---|---|
| Artwork (Worldwide Cover): £5,000 Artwork – Single Article Limit: £1,000 Precious Metals, Precious Stones & Jewellery: £500 Artists Tools, Equipment & Studio Contents: £1,000 Computer Equipment: £500 Artists Tools and Equipment (Worldwide cover): £1,000 Audio Visual, Photographic and Film Equipment (Worldwide Cover): £500 Business interruption: Gross Profit: £50,000 |
Artwork (Worldwide Cover): £7,500 Artwork – Single Article Limit: £1,500 Precious Metals, Precious Stones & Jewellery: £500 Artists Tools, Equipment & Studio Contents: £2,000 Computer Equipment: £500 Artists Tools and Equipment (Worldwide cover): £2,000 Audio Visual, Photographic and Film Equipment (Worldwide Cover): £500 Business interruption: Gross Profit: £50,000 |
| ANNUAL PREMIUM: £94.50 | ANNUAL PREMIUM: £136.90 |
| Option 3 | Option 4 |
|---|---|
| Artwork (Worldwide Cover): £10,000 Artwork – Single Article Limit: £3,000 Precious Metals, Precious Stones & Jewellery: £1,000 Artists Tools, Equipment & Studio Contents: £3,750 Computer Equipment: £1,000 Artists Tools and Equipment (Worldwide cover): £3,750 Audio Visual, Photographic and Film Equipment (Worldwide Cover): £1,000 Business interruption: Gross Profit: £50,000 |
Artwork (Worldwide Cover): £20,000 Artwork – Single Article Limit: £6,000 Precious Metals, Precious Stones & Jewellery: £2,000 Artists Tools, Equipment & Studio Contents: £7,500 Computer Equipment: £2,000 Artists Tools and Equipment (Worldwide cover): £7,500 Audio Visual, Photographic and Film Equipment (Worldwide Cover): £1,000 Business interruption: Gross Profit: £50,000 |
| ANNUAL PREMIUM: £174.00 | ANNUAL PREMIUM: £333.00 |
Important notes:
1 All premiums quoted are inclusive of 5% Insurance Premium Tax and £10 administration fee
2 You should select the option that will protect against the maximum value of risk, as under-insurance will lead to subsequent claims being proportionately reduced. For example if you choose Option 2 that includes artworks cover up to total value of £7,500 and at the time a claim is made your artwork has a value of £15,000, any claim you make will be reduced by 50%.This is often called ‘averaging’.
To apply for one of the ‘off the peg’ options, download the AIP Application Form:
AIP Off-the-Peg Application Form in .pdf format »
AIP Off-the-Peg Application Form in .rtf format »
AIP – individual quotation
If you want more (or less) cover than an Off the peg option, have special requirements, or don’t comply with eligibility criteria listed in the AIP Application Form on www.a-n.co.uk/AIR_insurance just apply for an individual quotation by:
• Speaking to Hencilla Canworth 020 8686 5050, 9am-5.30pm Mon-Fri.
• Downloading and completing the AIP Proposal Form and sending it by email to air@hencilla.co.uk or by post to Hencilla Canworth Ltd, Simpson House, 6 Cherry Orchard Road, Croydon, Surrey CR9 5BB. You can also fax the completed AIP Proposal Form to 020 8686 5559.
To ask for an individual quotation, download the AIP Proposal Form:
AIP Proposal Form for Bespoke Cover in .pdf format »
AIP Proposal Form for Bespoke Cover in .rtf format »
or by post to Hencilla Canworth Ltd, Simpson House, 6 Cherry Orchard Road, Croydon, Surrey CR9 5BB. You can also fax the completed AIP Proposal Form to 020 8686 5559.
Other information
AIP is available to AIR members who meet the eligibility criteria in the AIP Application form. To check the details, download:
AIP Policy Summary » with exclusions
AIP Policy Document» with full wording.
These documents are also available from www.hencilla.co.uk AIR@hencilla.co.uk
Note that AIP applications require an AIR reference number, a unique set of letters and numbers attached to a current a-n subscription + AIR membership record. If you don’t know your AIR reference number ask subs@a-n.co.uk
Insurance advice
a-n The Artists Information Company cannot provide advice or further information on insurance matters to AIR members or to other enquirers. All enquiries on insurance issues should thus go direct to Hencilla Canworth AIR@hencilla.co.uk
About the policy
Insurance is available direct from Hencilla Canworth Limited an independent insurance intermediary with over twenty-five years experience in arranging tailored insurance for the arts, underwritten by the International Insurance Company of Hannover Limited.
First published: a-n.co.uk September 2008
Back to topComments on this article
I am currently covered through AIR as an individual. Together with a colleague (also covered) we are negotiating rental of building to set up studios for sublet, gallery and spaceto run workshops - what additional cover might we need? Thank you.
posted on 2011-09-25 by Keith Parkinson
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Artists who are current subscribers to a-n may download or print this text for the limited purpose of use in their business or professional practice as artists.
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For all your insurance needs you just need to contact air@hencilla.co.uk who can advice on a quotation and cover to meet your specific needs.
posted on 2011-12-07 by Susan Jones