Corporate collections are an important part of a modern corporate presence. They stand for creativity and innovation, create identity for employees and are ambassadors of corporate values. Placed in foyers, meeting rooms and offices, they form prestigious focal points and are part of a vibrant corporate culture.
Yet, due to their setting, these works of art are exposed to countless risks. Risks that call for comprehensive coverage. This is best provided by a partner who is familiar with the special aspects of a corporate collection based on its own experience: ERGO.
Accidents
will happen
Loss examples from our daily insurance business
Office party as scene of the crime
A work of art disappears during a corporate event. The thief has disappeared without trace. ERGO Art & Values reimburses the agreed value and reports the stolen work to the Art Loss Register. So hopefully the work can be recovered quickly.
Beware of smouldering fires
The surface of a photograph is damaged by soot from a smouldering fire in an office kitchenette. The picture is one of a group of three works. ERGO art insurance not only pays for the restoration of the work, but also makes up the loss of value sustained.
Accidental knocks
An employee accidentally knocks a valuable sculpture off its pedestal. The sculpture is cracked and needs to be restored. After restoration, its value has depreciated by 40%. The company opts for the agreed cash option. In exchange for the sculpture, they receive the agreed amount insured and purchase a similar sculpture from the same artist.
Paintings are not part of the furniture
Why your collection is not adequately covered by an office contents insurance
All-risks insurance
ERGO Art & Values protects corporate collections from all manner of risks – unlike a classic office contents insurance, which only covers individual risks such as fire or theft.
Worldwide insurance cover
ERGO Art & Values also covers art and collection objects when they are not in their predetermined location. Unlike an office contents insurance, ERGO Art & Values protects your corporate collection anywhere in the world – for up to six months.
Transit insurance
With ERGO Art & Values, worldwide shipments of art entrusted to you or to a specialised art shipper are insured up to the agreed amount. By contrast, art in transit is not covered by a conventional office contents insurance.
Art calls for first-class services
The highlights of ERGO art insurance for corporate collectors
- Protection of valuables such as paintings, sculptures, antiques, photographs, object art and collection pieces (collectables)
- Valuation of the individual artworks according to going rates
- Comprehensive analysis of the individual risk situation and drafting of a bespoke security concept
- Protection against all manner of damage, destruction and loss based on all-risks cover, including for instance loss through theft and fire
- Worldwide insurance coverage – your artworks are not only insured at the specified location, but anywhere in the world for up to six months
- Insurance coverage for worldwide shipping
- Optional add-ons, such as meeting the costs of an invalid acquisition of ownership or damage by restorers
- Advice on loss prevention, preservation and transport between different company locations
- Sourcing of experts such as restorers, auction houses or specialists in various fields
- Discretion in the handling of your art objects and security details
Great services – also for small formats
Flat-rate insurance coverage for collections of smaller companies and self-employed persons – for example, medical practices, firms of lawyers and notaries – is also possible. Ask for advice – or calculate your premium here with no strings attached:
Special services for special needs
Making more possible – ERGO knows how to do it. Find out all the details of our exclusive services.
More information
All our expertise for your collection
Do you have questions about products, services or bespoke insurance? We will be happy to advise you:
Write us!