Arts and cultural organizations across Perth, Sydney, Melbourne, Brisbane, and Canberra face unique risks, from valuable asset protection to public liabilities during exhibitions and performances.
BAU Risk offers Arts and Cultural Insurance specifically designed to address these challenges, covering property damage, liability claims, and business interruptions. With comprehensive insurance, institutions can focus on delivering inspiring experiences without concerns over unexpected financial setbacks.
According to the Insurance Council of Australia, arts and cultural organizations face an average property damage claim of $40,000 due to fire and theft, emphasizing the need for comprehensive insurance coverage.
The Australian Government’s Department of Communications and the Arts reports that business interruption claims in the cultural sector can result in financial losses exceeding $250,000, underscoring the importance of robust insurance policies.
Arts and Cultural Insurance from BAU Risk includes critical protections. Property insurance secures high-value assets and equipment from potential damage or loss, which is crucial for galleries and performance venues. Public liability insurance handles claims related to third-party injuries or damages during events, while business interruption insurance provides financial support if operations are disrupted. Additionally, professional indemnity insurance offers protection against claims of negligence or errors, which is essential in maintaining trust with clients and visitors. For institutions with staff, workers’ compensation insurance covers on-the-job injuries, while management liability insurance safeguards directors and executives from potential legal or financial liabilities.
To discuss how tailored insurance can support your arts or cultural organization, Request a Callback or Contact Us.
Protects assets and equipment from damage or loss.
Covers third-party injury or property damage claims.
Provides financial support during periods when operations are disrupted.
Provides protection against claims of negligence or errors in professional services.
Covers medical expenses and lost wages for employees injured on the job.
Offers protection against claims related to management decisions and actions.
By investing in Arts and Cultural Insurance, companies can ensure they are protected against various risks, allowing them to operate smoothly and efficiently.
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Keeping your business covered, so you can keep business as usual.
BAU Risk Services Pty Ltd is a Corporate Authorised Representative (CAR No. 001308013) of Apollo Risk Services Pty Ltd AFSL 403727 and provides General Insurance and Risk Management Services to their Australia wide clientele.