Reports & Papers-Evaluating the Risk in the Storage & Shipment of Fine Art

Evaluating the Risk in the Storage & Shipment of Fine Art

Pdf Summary

The document provides insights into evaluating risks associated with the storage and shipping of fine art in the art service industry. It covers various aspects such as selecting fine art service companies, shipping, project management, crating, transportation, field services, couriers, storage, and shipping liability issues. The document emphasizes the importance of proper packing, storage facilities, transportation security, and courier services in safeguarding valuable artworks. It also includes checklists for underwriters to assess transit and storage exposure, and outlines best practices for packing and crating different types of artworks. Moreover, an example wording from a warehouse liability agreement is provided, detailing limitations on the warehouse's liability in case of loss or damage to the stored items. Furthermore, the document highlights the role of the Inland Marine Underwriters Association (IMUA) in providing educational resources for the commercial inland marine insurance industry. It stresses that the document is an informational resource and does not provide definitive guidance on insurance coverage or underwriting decisions.

Keywords

fine art service companies

shipping

project management

crating

transportation

field services

couriers

storage facilities

shipping liability issues

Inland Marine Underwriters Association