Superstorm Sandy caused the largest loss to artwork since World War II, with more than $500 million in losses paid for by the insurance industry. Disaster plans are now required by insurance carriers and lenders as a result, and if you are an artist, art gallery or warehouse, or an art collector, you should attend a special one-day workshop on what you need to now to protect yourself before another disaster.
The workshop is by DeWitt Stern, the 114-year-old risk management and insurance brokerage firm specializing in the arts, to equip galleries and collectors with a formal written disaster plan, specific to their inventory or collection, that can be implemented before the next storm. It is the only such workshop that exists, instructed by Claire Marmion, president of the Haven Art Group, a privately held fine art claims adjustment and management firm.
The workshop is 9:30am to 4 pm, Tuesday, September 24th. Register now. The art insurance workshop will be held at Soho House in the Meatpacking district, and includes breakfast, lunch, disaster kit, private consultations, personalized and customized disaster plans. The workshop, which seeks to bridge the existing knowledge gap and help the fine art community better prepare for a catastrophic event, costs $250 for clients of DeWitt Stern and $300 for non-clients. But you are likely to save more than the workshop cost in knowledge and an insurance gameplan for the future.