If you’re looking for antique insurance, it's advisable to consider a tailor-made quote from a specialist provider. There are plenty to choose from – many also offer fine art insurance for anyone who's interested.
Whether you trade from home, a shop, an antique centre or the fair circuit, there will be a policy to suit your needs. The total sum insured on jewellery, fine art and antiques must represent the full market value or cost of replacement.
In some cases your standard cover will include loss or damage of any kind on the premises. You’ll then need to extend it if necessary, to cover fairs, exhibitions and the premises of repairers, restorers and private / commercial clients premises together with aution rooms, your own residence and elsewhere in the world. As well as in transit – often an essential part of the policy.
If your antique business employs other members of staff, make sure you obtain employer’s liability insurance. It’s a legal requirement and will cover your business in the event of any costly staff injury. Standard cover should also protect you against damage to employee property, as well as compensation for court attendance, legal costs, and financial loss.
Always consider including Business Interruption cover as part of your antique insurance policy. This will insure your business against any loss of trading and increased cost of working, as a result of damage or loss of stock / premises.
Don’t forget that the value of your antiques will fluctuate, so it's wise to review your policy regularly.
Policies are liable to change and are subject to the terms and conditions of the individual insurers.
The content of this website is for information purposes only and must not be taken or used as 'advice' on the type of financial product that is most suited to your needs.
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