Cultural Organizations & Museum Insurance

Cultural Institutions Face Unique Risks

Your cultural institution or museum opens its doors to many visitors, presenting unique risks. Visitors can slip and fall, credit card information can get stolen, and property damage can occur to your museum’s fine art.

Museum insurance is a type of business insurance that helps protect you from these risks. You can feel confident knowing Baldon Insurance Group is here to respond if your museum’s collection gets damaged.

Museum Insurance

Having proper insurance coverage is essential to keeping your doors open and exhibits protected. There’s no one-size-fits-all solution for museum insurance. It can be a combination of specific coverages that address your institution’s unique needs. At a minimum, museum insurance includes property and liability insurance coverage to help protect your museum’s:

  • Building
  • Exhibits displayed, on loan, or in storage
  • Employees
  • Guests

It’s important that you have a comprehensive insurance plan that addresses different types of risk. Coverage might only protect you against “named perils.” There are also different levels of insurance coverage, such as:

  • All-risk, which broadly insures against damage to collections and exhibits.
  • Broad property and fine arts coverage, which includes your museum displays and exhibits on loan or in transit.

When you select museum insurance, work with insurance companies or agents to ensure you’re getting the right coverage for your institution.

Recommended Cultural Organization and Museum Insurance Coverage

Property Coverage

This coverage helps protect the property your cultural organization owns or leases. It also helps protect equipment you use to run your institution, such as inventory, furniture, and fixtures. We can thoughtfully craft your commercial property coverage to fit the specific needs of your cultural institution.

Your policy can include coverage if your organization or institution:

  • Is unable to process electronic data.
  • Loses income due to interrupted utility services.
  • Can’t complete transactions because of damaged transmission lines.

General Liability Coverage

Our general liability policy helps cover property damage, including:

  • Damage to rented properties
  • Accidents related to running your cultural organization

This insurance policy can also help protect your organization’s assets if you’re sued for:

  • Bodily injury
  • Libel
  • Slander
  • Misrepresentation in advertising

Professional Liability

Professional liability insurance helps protect your cultural organization or museum if you’re sued for the services you provide. This could include:

  • Acting inappropriately
  • Making an error
  • Omitting something important

Cyber Liability Coverage

This coverage helps cover common cyber liability risks, including:

  • Loss of data
  • Malicious code
  • Hardware theft

If identifiable employee or client data is lost or stolen, cyber liability insurance can help cover costs related to:

  • Notifying impacted individuals
  • Running public relations
  • Paying penalties or lawsuits

Additional Solutions for Cultural Organizations

Additional coverage options can include:

  • Workers’ Compensation Insurance
  • Commercial Auto Coverage

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