Welcome to the Dog Days of Summer! This is the seventeenth 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.
And follow-us on Facebook for updates on insurance info concerning the arts between our quarterly newsletters.
Take advantage of this slow period of the year to
review your insurance for potential savings. Contact me today to schedule an appointment!
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Quick Security Tip for Collectors |
Burglar alarms are good, but many people fail to actually use them. Who hasn't left their house and forgotten to set their alarm? (Or maybe your kids or your dog walker left without setting the system.)
Collectors should consider arming individual objects with motion-sensor alarm systems, so that they will be protected even if doorways and windows are accidentally left unarmed. This back-up system especially makes sense when just a few items make up a large portion of a collection's value.
-Reuters, April 13, 2012
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Photo Shoot Wrecked $300,000 Sculpture, Collector Alleges |
A magazine was blamed in a lawsuit for shattering a 2,630-year-old Nigerian terracotta sculpture during a photo shoot last May at a Manhattan collector's residence.
The piece was appraised after the accident at $300,000. The collector did not have enough insurance to cover the sculpture's full value.
-Bloomberg Business Week, April 21, 2012
If you are going to open your gallery or home to a photo or film shoot, you need to understand the insurance implications. Typical photographer's and videographer's insurance policies exclude coverage for fine art at shoot locations. You may want to request that the photographer/ videographer purchase special coverage for your artworks.
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National Hurricane Center Says Don't Tape your Windows | |
In a challenge to conventional wisdom, National Hurricane Center officials are encouraging residents to skip taping their windows when a hurricane is heading their way. They believe it leads to a false sense of security and actually increases danger. Taping windows can create larger and deadlier shards of glass when winds blow through a home.
Instead, NHC says residents should use proven methods such as hurricane shutters or impact-resistant windows.
-Insurance Journal, March 29, 2012
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Guide to Understanding the Business Owner's Policy | |
 The Business Owner's Policy (BOP) is an insurance package policyspecifically designed to the meet the needs of small to medium-sized service businesses. Hartford, one of our insurance partners, recently released a helpful guide to understanding this type of policy.
Click here to review the guide. Then let us know if you have any additional BOP-related questions.
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Independent Contractor or Employee? | |
 One of the toughest questions for our clients is often determining whether a worker should be classified as an employee or independent contractor for Workers Compensation Insurance. The short answer is that when in doubt, consult a labor attorney. But Best's Review magazine recently ran an article that at least helps with understanding the issues involved in this determination.
According to the article, the most important factor is whether the company has the right to control the manner and means by which the worker accomplishes the desired result. In other words, does the worker manage their own work process.
Secondary factors include:
- Whether the worker is engaged in a distinct occupation or an independently established business.
- Whether the worker or the company supplies the tools or instrumentalities used in the work.
- Method of payment, whether by time or by job.
- Whether the work is part of the regular business of the company.
- Whether the worker has a substantial investment in the business.
- Whether the worker hires employees to assist him or her.
-Best's Review, April 2012
Want more information on Workers Compensation insurance? Hartford, one of our insurance partners, has released an interactive guide to help understand it.
Click here to check it out.
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The Johnsonese Brokerage can assist you with most of your art insurance needs. To get started immediately call 773.857.0242 or Email info@johnsonese.com. Thanks for reading our newsletter, Christopher Johnson
(dba Johnsonese Insurance Agency LLC in CA)
insurance for the creative community
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About the Johnsonese Brokerage | |
The Johnsonese Brokerage LLC is a licensed and bonded independent insurance agency focused on insuring the creative community.
We are licensed in the states of Arizona, California (license #0H55862), Florida, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas and Wisconsin.
Who we insure:
- Creative Businesses
- Art Galleries & Consultants
- Antique Dealers
- Appraisers & Conservators
- Artists
- Book & Manuscript Dealers
- 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
- Book & Manuscript Collectors
- Stamp & Coin Collectors
- Sport Memorabilia
- Classic Cars
- Wine Collections
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Common Insurance Terms
ISAOA - Its Successors And/Or Assigns; often appears on certificates of insurance
ATIMA - As Their Interests May Appear; often appears on certificates of insurance
CPM - Cyber, Privacy, and Media Risks; growing areas of insurance covering claims due to the exposure or loss of others' information
Storm Chasers - con artists who follow natural disasters and attempt to take financial advantage of victims
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We Are a Trusted Choice ® Agency
Trusted Choice® agencies are insurance firms whose access to multiple companies and commitment to quality service enable us to offer our clients competitive
pricing, a broad choice of products and unparalleled advocacy.
"You need an independent insurance agent"
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Our Business Partners
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AmWins -
AXA -
Berkley -
Chubb -
CNA -
Hartford -
HCC Specialty -
Insurance Noodle -
Markel -
Philadelphia -
Risk Placement Services
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We Appreciate Referrals!
As a service business, referrals are our biggest source of new clients.
If you know of any other organization needing insurance, please let us know. We promise to give them the same personal and professional service that you've come to expect from the Johnsonese Brokerage. |
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Please Welcome Our New Employee!
Jeff Henderson has joined us as an Account Manager. Jeff came to us from the world's largest insurance agency for the opportunity to work personally with clients. You can reach Jeff directly at jeff@johnsonese.com. |
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