Webinar - Fine Art Collection Care: Risk Management, Insurance and Claims
Overview
Many people collect artwork for the joy it brings them, while others also focus on the investment angle of their collection. In both cases, collectors should ensure their insurance program and risk management advice aligns with their collecting goals, as well as their estate plans. In this session, we'll explore how to ensure your insurance policy mirrors your collecting habits and what you expect in the event of a claim. Hear about some case studies involving art collectors, including the implications of installing sculptures with cranes, an international artwork loan to a museum gone wrong, how insurance responded to Hurricane Irma, and what help a collector received in the path of a California wildfire.
How can you protect your interest when you lend artworks to museums? What are some things you should consider when creating a Disaster Plan for your collection? What kind of advice should you receive in the event of a claim? Join us to hear these real examples of how risk management techniques and insurance program structure can affect your collection.
Attend this webinar and gain:
- An understanding of basic insurance implications with regard to complex art installation jobs on your property
- How to create a working list of your requirements when lending to a museum
- How to begin developing a Disaster Plan for art collection
***Those that attend this webinar and complete the conditions of participation are eligible to receive 1 hour of CPE credit.
Speaker(s)
With more than 20 years of experience working with some of the world’s wealthiest, Sandy understands the complexities inherent in protecting dynamic lifestyles.
As Senior Vice President and Midwest Family Office Practice Leader, she and her team are exclusively focused on simplifying the challenges of personal insurance and risk management for Family Offices, successful individuals and athletes.
Committed to providing the highest level of service, confidentiality and information security, Sandy has a proven track record of providing effective asset protection, worldwide services, and customized protection for home(s), automobiles, valuable articles, jewelry, fine art, wine collections, yachts, and aircraft.
Sandy’s extensive experience makes the intake audit process quick and easy, often uncovering potential liabilities missed by others. In additional to personal property and casualty products, Sandy’s team is able to provide insurance and risk mitigation education services for both Family Office and Family Members, including informal discussions and formal seminars.
A FOX member for over 15 years, Sandy is a PRMA (Private Risk Management Association) member and earned a CPRIA certification (Chartered Private Risk and Insurance Advisor) endorsed by St. John’s University School of Risk Management. She founded WIFO Group (Women in Family Office) sits on various panels discussing topics related to art coverage, family office and personal security.
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In her current position as Senior Vice President and National Fine Art Practice Leader at DeWitt Stern/Risk Strategies, Mary handles and produces Fine Art accounts including Fine Art dealers, private collectors, and museums, artist foundations among others, along with the Property & Casualty policies associated with these accounts. In addition Mary consults on client Fine Art exposures firm-wide.
Before joining DeWitt Stern in May 2006, Mary worked at Huntington T. Block Insurance Agency/Aon for over three years as a Fine Art Insurance Underwriter and Account Manager, handling large line Fine Art accounts. In addition, she taught art in Norfolk, VA, for two years and served as a docent at the Smithsonian Institute’s Hirshhorn Museum and Sculpture Garden in Washington, D.C.
Mary earned her Bachelor of Arts degree in Fine Art and Masters in Art History from James Madison University. She also completed the Appraisal Studies and Art Business certificate programs at New York University.
In 2010, 2011, 2012, 2014, 2015, 2017 and 2018 Mary was recognized as Power Broker: Fine Art category by Risk & Insurance magazine, as well as the Enterprising Achiever Award from NAIW. In addition, in 2011, Risk & Insurance magazine awarded Mary the Responsibility Leader designation.