The displaying venue should be the primary insurer of any consigned
jewelry while it is in their possession.
Supplemental insurance is available to the artist through a
craftsman insurance policy or a business insurance policy.
Jewelers Mutual offers this coverage, as do others. Many home owners
insurance companies are becoming much more accommodating and
competitive to the small business owner due the volume of home based
business and residential art studios. Cost for the coverage is based
on the value of the jewelry as well as the situation of the venue
where it is displayed; safe, alarm, security practices, previous
claims or losses, etc.
In the event of a loss the artist’s insurance will generally only
pay as a last resort, they will be expecting the displaying venue to
be the first
responsible party. Any venue that does not provide insurance for all
consigned work would be a very questionable situation to place your
valuable jewelry in.
Michael David Sturlin