(888) 900 0205Art Gallery Business Insurance
Art galleries offer a space for people to browse and purchase various artworks, from sculptures to paintings and prints. As a gallery owner selling to the public, you need coverage in case something goes wrong. While running an art gallery may seem lower-risk than some businesses, accidents can still happen. To safeguard your gallery, your livelihood, and your assets, having a well-rounded small business insurance policy is a must.
Art Galleries General Liability Insurance
The basic type of coverage you will have in any commercial insurance policy is general liability. This gives you broad protection from a variety of incidents. It can cover your expenses when someone is injured in your gallery, when a customer sues your business, or if someone entering your gallery loses or has personal property damaged. The three main areas of coverage include:
- Premises Liability – Your premises, or your gallery space, is a place where customers, employees, mail carriers, delivery workers, and others come and go frequently. You and your business are liable for injuries and damages that occur there. The premises liability portion of your business insurance will cover your costs if a visitor falls on a wet floor, has wine spilled on their dress, and in many other instances.
- Products Liability – The products liability component of your commercial business insurance protects you from complaints lodged regarding the products you sell. If, for instance, a customer purchases a painting and the equipment for hanging it, a faulty piece may cause it to fall from the wall and cause damage. In that case, you will be protected from costs for repairs and litigation.
Art Gallery Business Owners Policy
As a business owner, you have several needs for your commercial insurance. You can package them all together into a business owners policy, or BOP. A BOP will come with general liability to which you may add coverage such as coverage for additional galleries as you open them, employee dishonesty coverage, protection of electronic data, and many other types of coverage.
Workers Comp Insurance For Art Galleries
You likely employ one or more people in your gallery, which means you are required to carry workers compensation as part of your small business insurance. Workers compensation covers costs associated with an employee’s illness or injury that results from working for you. This could include an accidental injury in the gallery or an illness caused by exposure to materials in the building. The coverage includes medical costs as well as missed income for recuperation time.