Fine art insurance specialist AXA Art Americas Corporation (AXA ART) has formed a strategic business partnership with Trident Insurance Services, LLC, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products. The relationship brings a portfolio of specialty fine art insurance coverage enhanced with options for property and liability coverage for museums, art galleries, libraries and historical sites in the United States.
Through its ArtPLUS program, AXA ART will make available to small and medium-sized museums, art galleries and other cultural institutions with a Total Building Insured Value (TIV) of up to $20 million, selections of all-risk fine art coverage with options for worldwide coverage territory, current market valuation for museums, zero deductible options on fine art inventory for museums and cultural institutions, as well as no schedule requirements for museums, cultural institution and fine art dealers. In addition, through its relationship with Trident, AXA ART will complement its specialty fine art coverage with tailored products for property and liability coverage options including auto, crime, directors & officers liability (D&O), employment practices liability, excess, general liability, property, public officials liability, and workers’ compensation.
ArtPLUS is currently available in Arizona, Indiana, Michigan, Minnesota, and Ohio. Beginning in the first quarter of 2014, the program will be offered in Alabama, Idaho, Illinois, Missouri, New Mexico, Oregon, Pennsylvania, South Carolina, Tennessee, and Utah.
Trident Insurance Services, provider of commercial insurance for small-to-mid-sized public entities in the U.S. The company has a distribution network of 650 brokers in 30 states, serving more than 2,000 municipalities, public schools and special districts. Trident’s public entity insurance program specializes in municipalities with populations of less than 100,000 and counties with populations of less than 500,000.
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