Checklist

When researching and comparing policies there are some key considerations artists should take into account when making insurance decisions.

• take specific note of the limitations and exclusions of the policy, this is what the insurer will not cover in part or at all, generally because the risk level is too high. Keep in mind what you need covered, for instance:

  • any upcoming projects that may involve extra risk, e.g. am I creating structural work that members of the public may be climbing on?  

  • risks in your regular work activities, e.g. am I running workshops with children?

  • travel, e.g. will I be working overseas?

  • organisation run events, e.g. will there be performers?   

• take note of excesses you will need to pay in the event you need to make a claim, particular those attached to your highest risks

• consider coverage amounts, especially if you require a specific upper limit 

• check eligibility criteria, such as citizenship or permanent residence status, operating structures, regular income etc.

• evaluate cost

  • are you undertaking enough work or activities requiring coverage that the expense is worthwhile? 

  • can risk be absorbed instead of insuring?

• consider application turnaround times, if you are in urgent need of insurance will the policy take effect immediately or is there a waiting period?

• consider coverage beyond the policy holder, such as extensions to others beyond the named holder, applicability of the policy in the event of transferred artwork ownership etc. 

• ensure that you are covered in all the areas you undertake extra risk and avoid taking out multiple policies; search for one that will cover all your risks, such as a general business policy  

• evaluate continued coverage needs, some activities, e.g. public art installation, will require a policy to be maintained for longer than the initial contract period

• review your cover and how well it applies to your work with your broker one to three months prior to renewal – depending on the complexity of the policy 

If in any doubt around any of these considerations after reviewing the available policy documentation, ask questions of the broker or insurer.