Art

Chubb Gives Art Collectors Additional Risk Management Services

Eliane Chavagnon Editor - Family Wealth Report December 3, 2015

Chubb Gives Art Collectors Additional Risk Management Services

Chubb, the global insurance firm, is boosting its fine art practice to include more risk management services.

Chubb Personal Insurance is offering art collectors four new risk management services to help protect artwork from damage caused by events such as natural disasters and home renovation.

The new services include disaster planning consultation, renovation consultation, household staff training and post-auction review.

They are being added to a suite of other services, including collection valuation reviews; collection risk assessments; fire, security and loss prevention advising; off-site storage assessments; digital home inventories; loan and consignment agreement reviews; referrals to art professionals; art exhibition tours; and educational lectures and events.

"By bringing together our risk management, underwriting and claim expertise through the establishment of the fine art practice more than a year ago, we have gained greater insights into the risks our clients face," said Melissa Lalka, vice president and worldwide fine art manager for Chubb Personal Insurance. "As a result, we have been able to create four more services to help clients protect the significant investments they have made in art."

Click here for a recent interview with Chubb.

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