| Welcome to the Fall Art Season!
This is the tenth edition of the Johnsonese Brokerage Art & Antiques Insurance Newsletter. The goal of our newsletter is to provide useful information about insurance to individuals, businesses and non-profits involved with the fine and decorative arts, antiques and collectibles.
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Deer Crashes Through Gallery Window | |
In the anything can happen category, a deer jumped through the window of a gallery in Alabama this past August. According to an expert at Auburn University, deer have relatively large ranges and it is not uncommon for them to be seen in urban areas.
 Luckily for the gallery, the deer jumped back out of the gallery through the same window.
The Catawampus Art Gallery, which features Alabama artists, did not sustain any major damage beyond hoof prints and of course the broken window. The gallery was closed at the time of the accident.
-Opelika-Auburn News, August 3, 2010
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Storm Recovery Process Slow for Connecticut Gallery |
Heavy rains in March ruined dozens of pieces of original artwork worth thousands, and caused plenty of damage to a nearly century-old Connecticut art enclave. While the building looks fine to the untrained eye, a closer look by professionals revealed warped doors, rusting hinges, damaged electrical systems and more. Contractors drilled sample holes to get inside the drywall. Behind it officials found it was damp, and the wall was crumbling. The water also destroyed the association's computers and backup files.
With no insurance, the art association needs to raise $60,000 to make the repairs and officials said $80,000 worth of artwork was destroyed.
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Wisconsin Man Claims he was Sold Lennon Forgeries |
A Wisconsin buyer alleges in a recent lawsuit that he was intentionally sold more than $100,000 worth of forged John Lennon artwork and memorabilia. The lawsuit claims he was provided fraudulent certificates of authenticity when he purchased 14 sketches allegedly drawn by the late Beatle. Forensic investigators later examined the sketches and found they were drawn using a type of ink that didn't exist at the time Lennon purportedly drew them, the lawsuit states.
 The lawsuit also claims that the plaintiff was sold a microphone that was purportedly used by Lennon while making the "Imagine" album. However, the plaintiff later contacted the company that made the microphone and found out it was made in 1977, six years after the album was made.
This lawsuit again points out the importance of knowing provenance for collectibles as well as fine art.
-Associated Press, July 10, 2010
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California Store Pays $550,000 Fine for Discouraging Workers Comp Claims | |
An investigation determined that managers at a California grocery store regularly suggested that employees turn to their own health insurance for work-related injuries rather than filing workers comp claims. Nearly all states require that employers provide worker comp insurance to cover work-related injuries and diseases.
The store agreed to pay $550,000 in fines and investigation costs, plus $30,000 to an education fund, plus potentially an additional $150,000 for any violations within the next five years.
It is important to know your responsibilities under workers comp laws in your state.
-Compensation Management News, July 20, 2010
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At the Johnsonese Brokerage it is always our goal to reduce your insurance costs! To get started immediately call 773.252.8750 or Email info@johnsonese.com.
Christopher Johnson
Johnsonese Brokerage LLC
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About the Johnsonese Brokerage | The Johnsonese Brokerage LLC is a licensed and bonded independent insurance agency focused on insuring the fine and decorative arts community.
Who we insure:
- Creative Businesses
- Art Galleries & Consultants
- Antique Dealers
- Appraisers & Conservators
- Artists
- Photographers
- Framers
- Furniture & Design Dealers
- Art & Antique Fairs
- Cultural Institutions
- Museums
- Libraries & Archives
- Historical Societies
- Non-Profit Art Galleries
- Monuments
- Historic Buildings
- Collectors
- Corporate Collections
- Art Collectors
- Antique Collectors
- Stamp & Coin Collectors
- Sport Memorabilia
- Classic Cars
- Wine Collections
We are licensed in the following states: - California (license #0G69323)
- Florida
- Illinois
- Indiana
- Kentucky
- Maryland
- Michigan
- Minnesota
- New York
- Ohio
- Pennsylvania
- Wisconsin
- Texas
Upcoming events: - Association of Midwest Museums Annual Conference, October 7 - 8, 2010, Cleveland - look for us at booth #8 in the vendor hall
- Illinois Association of Museums Annual Conferernce, November 4 - 5, 2010, Napperville - look for us in the vendor area
How are we doing? Your feedback is always welcome! |
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Common Insurance Terms
1. EPLI
Employment Practices Liability Insurance; coverage for employers' losses relating to wrongful termination, discrimination, sexual harassment and similar employee claims
2. HNOA
Hired/Non-Owned Auto; coverage for vehicles that are rented or borrowed, but not owned, by the business
3. SIR
Self-Insured Retention; similar to a deductible, it is the portion of a loss that is paid by the insured
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| Our Business Partners
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American Collectors -
AmWins -
AXA -
Chubb -
CNA -
Hartford -
Insurance Noodle -
Markel -
Paychex -
Philadelphia -
Risk Placement Services
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| New Team Member
We are please to welcome a new team member this month. Kate Migon has joined the Johnsonese Brokerage as an agent. She will help us serve our clients even better in the coming months.
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We Now Represent The Hartford!
We have a new appointment with Hartford insurance. Hartford is an 'A' rated carrier that has been in business for over 200 years. We look forward to offering Hartford products to new and old clients alike! |
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