Insurance for Cultural Institutions
Why choose Zurich for Cultural Institutions insurance?
Cultural institutions need to understand how their unique exhibits and operations influence their property, casualty, cyber, D&O, international operations, and other risks. Zurich can help with an integrated approach which helps these institutions identify and mitigate their risks.
Our Underwriting, Claims and Risk Engineering specialists help you understand the unique exposures your organization has, helping allow for a holistic risk management plan that encompasses prevention through post-event recovery.
Zurich offers a specialized Summit Package designed to help cultural institutions manage complex risks through integrated property and casualty solutions. Our Property Portfolio Protection form provides broad coverage for real and personal property, including underground pipes, foundations and property of others. It features Better Green™ sublimits to help you rebuild to green standards after a covered loss, alongside tailored valuation provisions with no coinsurance contract. We combine this protection with experienced risk engineering services—ranging from water intrusion evaluations to workplace violence training—helping you create a secure environment for visitors and irreplaceable collections.
Insurance solutions for Cultural Institutions
Because your organization heavily interacts with people, both property and casualty coverage should be a part of your risk mitigation plan. Zurich’s Summit Package utilizes our market-leading Property Portfolio Protection insurance form along with our ISO-driven general liability coverage.
An industry-leading property form built for the middle market customer, Zurich’s Property Portfolio Protection form provides broad and flexible coverage with simplified language.
- Real property does not exclude insureds interest in:
- Underground pipes, flues, drains and foundations of buildings, machinery or boilers
- Paved surface
- Personal property includes:
- Personal property of others in your care, custody
- Finished Stock and Merchandise sold but not delivered at Selling Price
- Better GreenTM – coverage to rebuild to the same or higher green standard automatically included via sublimit after a covered loss
- Worldwide Mobile Communications Property
- Flexible Accounts Receivables, Valuable Papers, Computer Systems
- Combined Business Income and Extra Expense Form with no deductible for Extra Expense
- Flexible Extended Period of Indemnity options
- Unscheduled Locations time element coverage sublimit included in base Business Income with Extra Expense Form
- Ordinance or Law applies to all covered property and time element loss, not just buildings
Coverage highlights that include:
- Broad Named Insured (includes Partnerships, Joint Ventures and LLC’s)
- Automatic Blanket Additional Insured
- Automatic Waiver of Right of Subrogation and primary non-contributory conditions
- Definition of Bodily Injury includes mental anguish, mental injury, shock, fright or death
Auto coverage to protect against third-party liability and property damage for owned fleets and non-owned and hired vehicles. Broadening endorsements include:
- Loan / lease gap
- Employees as insureds
- Fellow employee
- Hired car loss of use
- Hired auto-worldwide coverage
- Waiver of subrogation when required by contract
Flexible options include:
- Level and variable dividend options available.
- Loss sensitive programs available.
Zurich’s Cyber Insurance Policy helps address the cyber risks customers face. Our product helps customers respond rapidly to the impacts of cyber attacks, with advice and help from dedicated cyber risk professionals.
Companies can have international exposures even if they don’t have a cross-border physical location. Zurich’s extensive multinational network of more than 200 countries and territories can help keep you protected wherever you conduct business. Coverage can include:
Exporter Solutions (packaged property, casualty and more)
- Coverage for domestic companies moving into the global arena
Zurich Envoy® (packaged property, casualty and more)
- Coverage for companies with an established foreign presence
Zurich Envoy® Global Property
- Coverage for larger and more complex risks, our "all risk" property form was built with both domestic and global clients in mind, providing flexibility and alignment with applicable insurance regulations in all jurisdictions where we provide insurance.
Zurich Travel Assist
- Provides concierge services (e.g., forgotten prescription, lost passport) and facilitation for medical and security needs
Meet our Cultural Institutions specialist
Bill Fahy
Head of Private Equity, General and Developing Industries
U.S. Middle Market
william.fahy@zurichna.com
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Risk Engineering
Through Zurich Resilience Solutions, we provide specialized insights and tools to support our customers with solutions addressing traditional and evolving risks – above and beyond insurance.
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Claims Services
Zurich Claims specialists are strategically deployed in the U.S. and around the globe to help customers mitigate and respond to loss events, and to gain insights into becoming more resilient against future losses.
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FAQs
Cultural Institution organizations that should consider commercial insurance for protection include:
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Our Property Portfolio Protection form applies Ordinance or Law coverage to all covered property and time element loss, rather than limiting it strictly to buildings. This helps provide broader protection for the unique physical assets and business interruption exposures that museums, libraries and historical societies face.
We offer targeted risk engineering services designed to help reduce the potential for claims. This includes water intrusion evaluations through our ACURE program, ergonomic assessments, cyber risk reviews and workplace violence training. Our risk engineers work with you to help mitigate risks specific to public-facing environments and sensitive collections.
Our casualty solutions include blanket additional insured status and a waiver of the right of subrogation with primary non-contributory wording. For commercial auto, we offer a broadening coverage endorsement that adds 23 extensions in a single form. We also provide additional liability protection through a True Coverage A "follow form" umbrella contract.
