Optimally protect art in architecture
Comprehensive protection for artwork on buildings – nextsure secures your investment in art on buildings against a variety of risks. Learn more about our bespoke art on buildings insurance.
Individual Protection
Comprehensive coverage possible
For Artists & Builders
What exactly is a construction art insurance?
Protection from the Planning Phase
Covers Transport & Assembly
For permanent installations
Supplementary Building Insurance
What risks are covered by the art-in-architecture insurance?
A high-quality art-on-building insurance ideally offers all-risk coverage. This means that all risks are insured unless explicitly excluded in the contract. This provides the most comprehensive protection. Typically covered risks include damage or destruction caused by fire, lightning, explosion, water damage, storm, and hail. Additionally, protection against theft, burglary, robbery, and vandalism is a central element. There is often a particular focus on the risks during the construction, installation, and assembly phases, such as damage caused by falling tools, improper handling, or collisions with construction vehicles. Transport risks to the installation site can also be included. Natural disasters like flooding or earthquakes can be insured depending on the tariff and location, completing the protection for your valuable art-on-building.
Your Shield
Tailored protection for your art in architecture
Project Protection
Insured from planning to completion.
Comprehensive insurance
Comprehensive cover against unforeseen events.
Value Retention
Protection of material and intangible value.
Installation Risk
Inclusive protection during installation and setup.
Vandalism
Protection against malicious damage by third parties.
Natural Hazards
Cover for storm, hail, flooding.
Theft Protection
Insurance coverage in the event of theft of the artwork.
Restoration
Coverage for professional restoration.
Individual
Tailored policies for your unique piece of art.
Discover our comprehensive services for artists, builders, and property owners.
Ensuring optimal protection for artwork?
Calculate your rate now!
For whom is construction art insurance indispensable?
This specialized insurance is relevant for a diverse group of stakeholders involved with the creation, financing, or ownership of public art. Primarily, it is aimed at private and public building owners who wish to implement artworks as an integral part of their real estate projects and protect their value. It is also important for architects and planners who design such projects and recommend comprehensive coverage to their clients. For the artists themselves, the insurance offers protection during the creation, transportation, and installation of their works. Additionally, investors, real estate companies, and public authorities (municipalities, states) that possess and need to maintain art in public spaces or within their buildings benefit from this specific protection. Ultimately, it is indispensable for any owner of a building with integrated art to ensure value conservation and restoration in the event of damage.
An overview of the key services
The Art-in-Building Insurance from nextsure is characterised by a comprehensive range of services designed to optimally protect your artwork. A key feature is the replacement value cover, which ensures that in the event of a total loss, the costs for a new creation or an equivalent replacement are covered. In the case of partial damage, the necessary restoration and repair costs are covered, including the costs for expert reports. The insurance cover often also extends to transportation, assembly, and dismantling costs, if these are incurred in connection with an insured event or as a preventive measure. The costs for temporary storage of the artwork may also be covered. Damages caused by third parties, for example during construction work, can also be insured. nextsure offers you a customised policy design to meet the specific requirements of your art-in-building project and to guarantee comprehensive protection.
Kunst-am-Bau-Insurance: Costs and Factors
The cost of an art-on-building insurance, meaning the insurance premium, is variable and depends on several factors. Primarily important is the value of the artwork to be insured – generally, the higher the value, the higher the premium. The type of artwork (material, complexity, fragility) and its location also play a significant role; exposed outdoor installations pose different risks compared to art in protected indoor areas. Existing security measures, such as alarm systems or video surveillance, can have a reducing effect on the premium. The chosen insurance sum and the deductible amount in the event of a claim also influence the premium. nextsure analyses these factors in detail to provide you with a transparent and fair offer. Request a personalised calculation to find out the exact costs for the protection of your art on building.
How to find the right plan at nextsure
At nextsure, we emphasise that you receive exactly the insurance coverage your art-in-architecture project requires. Our process for selecting rates is transparent and customer-focused. First, our experts collaborate with you to analyse the specific characteristics of your artwork, its location, and potential risks. Based on this individual needs analysis, we create a tailor-made offer. You benefit from our digital platform, which allows you to conveniently access a wealth of information online and make enquiries. However, our advisors are also available to assist you personally or over the phone at any time, to answer any questions and tailor the insurance coverage optimally to your needs. Completion can also be done digitally, making the process quick and straightforward. The aim is to provide you with not only comprehensive but also easily understandable and accessible insurance coverage for your art-in-architecture project.
Drone Insurance
Protection for your aircraft
Photovoltaics
Securely insure your solar system
Builder's liability insurance
Essential for your construction project
Distinction: Art-in-Architecture vs. Conventional Art Insurance
Although both types of insurance protect artworks, there are significant differences between construction-related art insurance and a conventional art insurance (often also referred to as valuables insurance). The key difference lies in the location and connection of the artwork to the building: construction-related art insurance is designed for objects that are permanently attached to a structure or specifically created for a certain architectural context. Conventional art insurance covers more mobile art objects like paintings in a collection, sculptures in a gallery, or antiques. This results in different risk profiles and coverage focuses. Construction-related art insurance takes into account specific risks of the construction phase, permanent installation, and constant exposure at the building, while the conventional art policy focuses more on transport risks (e.g., for loans) or risks in exhibition spaces. nextsure helps you identify the right solution for your specific situation.
Loss event: What to do with art in construction?
In the event of damage or loss of your artwork, prompt and accurate action is crucial. Report the damage immediately to your insurer, nextsure. Document the damage as thoroughly as possible: take photos or videos from different perspectives and preserve any traces (e.g., in cases of theft or vandalism). Avoid altering the damage site as much as possible until it has been coordinated with the insurer or an appointed expert, unless immediate measures to mitigate the damage (e.g., covering in case of water damage) are unavoidable. Gather all relevant documents such as purchase receipts, appraisals of the artwork's value, and police reports where applicable. nextsure will guide you through the entire process, involving an expert or restorer and swiftly advancing the damage regulation to restore your artwork to its original state to the best possible extent or provide appropriate compensation.
Prevention: Minimising Risks for Public Art
In addition to comprehensive insurance coverage, prevention is a crucial element for securing art in architecture. Potential risks should be taken into account right from the planning stage. The choice of location is vital: Is the artwork sufficiently protected against extreme weather conditions, vandalism, or accidental damage (e.g., from traffic)? The choice of materials can also contribute to longevity and resilience. Technical security measures such as alarm systems, motion detectors, video surveillance, or physical barriers can significantly reduce theft and vandalism risks. Regular inspections and professional maintenance of the artwork and its fixtures are also essential to identify and address signs of wear or potential hazards early on. nextsure is happy to advise you on suitable preventive measures, which can also lead to more favorable insurance premiums.
What is the difference compared to building insurance?
Professional appraisals and precise valuation are crucial for art-in-building insurance. They form the basis for determining the correct insurance sum. An underestimated sum leads to underinsurance in the event of a claim, resulting in financial losses. A current appraisal by a recognized expert not only documents the material value (manufacturing costs, material value) but also considers the artistic value and any potential market value increases. This appraisal is not only important at the time of contract conclusion but also serves as a key basis for regulation in the event of a claim. It is advisable to regularly review and update the valuation of the artwork, especially in cases of significant market value changes or after restorations, to ensure adequate insurance coverage at all times.
