Our team of specialist Fine Art brokers are passionate about art and cultural heritage and understand the importance of insurance to our clients, whether it is for an art business, a private collection or public institutions, we can cover all your fine art and specie insurance needs

PRODUCTS AND SERVICES

Fine Art & Specie Insurance

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Expert protection for valuable and precious items - specialist fine art and specie insurance

Our team of specialist Fine Art brokers are passionate about art and cultural heritage and understand the importance of insurance to our clients, whether it is for an art business, a private collection or public institutions.

Our teams have an excellent reputation with insurance markets, being able to provide knowledgeable and timely response to all enquires. You can take advantage of our proven track record as we can facilitate a fast and efficient placement. Our experts handle all types of Fine Art and Specie business.

In modern terms, Specie describes the interests of banknotes, coins, securities, cheques, bullion, precious metals and jewellery. Lockton’s Specie provides insurance solutions for such interests anywhere in the world.

Our Specie team recognize that Check Cashing, Currency Exchanges, Pawnbrokers & Jewellers are closely linked and often operate hand in hand and hence our team of brokers work seamlessly together across these classes to find the best and most comprehensive solutions for our clients.

What we bring to your business

Experience and Service

Our Fine Art & Specie team, numbering 30 associates, have been arranging art and specie insurance for over 25 years. Our art and specie teams are made up of industry experts who have an in depth understanding of the insurance covers and specialist insurers to provide you with the cover you require.

We provide a single point of contact and high level of service to our clients something that the Lockton Companies have done for over 50 years.

Trust

As a broker we understand the importance of trust, not just between us and our clients, but also between us and our insurers. We maintain a high level of professional service and we will ensure that your insurance requirements are met.

Global Reputation

We are a Lloyd’s of London broker, which means we only work with specialist insurers and negotiate directly with them on your behalf to obtain the most competitive premiums and broadest cover to suit your requirements. We have developed a reputation as a broker that delivers above and beyond our clients expectations, something we strive to do for every client.

We are supported by the Lockton Global Network and our Global Partnership, which means we have expertise in 130 countries. Using local experts, we will support you and your requirements around the World.

Claims

Our in-house specialist claims team understand the intricate nature of art and jewellery objects. They will help you when something goes wrong and manage every step of the process on your behalf so you don’t have to worry unnecessarily. They will work with your insurers to repair and restore the damaged items and negotiate any resulting depreciation in value as a result of the damage.

Fine art and specie insurance wholesale solutions

Accessing both the London and worldwide (re)insurance markets, our team of fine art and specie insurance experts ensure that the most appropriate, comprehensive, and cost-effective risk management solutions are delivered to our fine art and specie clients.

With a global reputation and key relationships amongst fine art and specie insurance underwriters, our highly skilled risk experts will secure the most responsive coverage possible, specialising in placements for both retail partners and fine art and specie clients.  

For wholesale insurance solutions, please contact our specialist fine art and specie insurance team below.

Fine Art and Specie Insurance Team

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Colin Hasler

Business Unit Leader
colin.hasler@lockton.com
+44 207 933 2230

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Lauren Wake

Fine Art & Specie Operations Manager
lauren.wake@lockton.com
+44 207 933 2207

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James Ferrer

Head of Fine Art
james.ferrer@lockton.com
+44 207 933 1501

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Philip Dalton

Head of General Specie
philip.dalton@lockton.com
+44 207 933 2532

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James Peate

Head of Jewellers Block
james.peate@lockton.com
+44 207 933 2300

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David Solomons

Head of Business Development and Marketing
david.solomons@lockton.com
+44 207 933 1135

News and Insights

Lockton, the world’s largest independent insurance broker, is proud to announce two key senior promotions within its Crisis Management team. Helen Sandford has been appointed as Head of Special Crime and Freddie Schlesinger has been appointed as Head of Product Recall and Reputational Risk, effective 1st May 2024. They will both support the continued growth of the Crisis Management team, which includes War, Terrorism & Political Violence, Special Crime, and Product Recall & Reputational Risk under one roof. Helen and Freddie will report to Matt Humphries, Head of Crisis Management.Lockton announces senior promotions in Crisis Management team

Law firms: limiting liability in engagement letters

Most firms very wisely seek to limit their liability to clients in their engagement letters. It makes sense to do this so the firm and the client both know how much financial compensation might be available if things go wrong. 
But while limiting liability is good risk management practice, such clauses must be drafted carefully to be effective. Problems arise where the perceived losses are more than the limit of liability contained in the engagement letter. And if restrictions and exclusions are too onerous, they could be deemed unenforceable, leaving liability unrestricted.
Most firms very wisely seek to limit their liability to clients in their engagement letters. It makes sense to do this so the firm and the client both know how much financial compensation might be available if things go wrong. 
But while limiting liability is good risk management practice, such clauses must be drafted carefully to be effective. Problems arise where the perceived losses are more than the limit of liability contained in the engagement letter. And if restrictions and exclusions are too onerous, they could be deemed unenforceable, leaving liability unrestricted.

Hydrogen vehicles and refuelling stations: property considerations

Increasing fuel costs and the  ongoing need to reduce carbon emissions means that businesses continue to look at reducing their reliance on the fossil fuel internal combustion engine.  Electric vehicles are at present the main contender, although hydrogen-based technology could provide another alternative for commercial vehicles. Hydrogen has been used for many decades in various industries and provides a high energy density  fuel when burned, producing no greenhouse gases. However, hydrogen also presents several hazards and there are safety factors to consider when planning its storage and use. Increasing fuel costs and the  ongoing need to reduce carbon emissions means that businesses continue to look at reducing their reliance on the fossil fuel internal combustion engine.  Electric vehicles are at present the main contender, although hydrogen-based technology could provide another alternative for commercial vehicles. Hydrogen has been used for many decades in various industries and provides a high energy density  fuel when burned, producing no greenhouse gases. However, hydrogen also presents several hazards and there are safety factors to consider when planning its storage and use.

Golden thread: BSA requirements create additional cyber exposure

The Building Safety Act 2022 and the associated Building (Higher-Risk Buildings Procedures) (England) Regulations 2023 introduced significant information retention requirements through their ‘golden thread’ provisions. These apply to buildings defined as ‘higher risk’ in the legislation.

The golden thread comprises information to create a proper understanding of a building and consequently the steps needed to keep both the building and people safe. It is envisioned as a building’s ‘single source of truth’, and to avoid obsolescence and omission errors, it is not intended to be held across multiple sources or even duplicated (save back up).

The legislation stipulates that the golden thread information must be held digitally, and to protect both personal information and the security of the building, it must be held securely.The Building Safety Act 2022 and the associated Building (Higher-Risk Buildings Procedures) (England) Regulations 2023 introduced significant information retention requirements through their ‘golden thread’ provisions. These apply to buildings defined as ‘higher risk’ in the legislation.

The golden thread comprises information to create a proper understanding of a building and consequently the steps needed to keep both the building and people safe. It is envisioned as a building’s ‘single source of truth’, and to avoid obsolescence and omission errors, it is not intended to be held across multiple sources or even duplicated (save back up).

The legislation stipulates that the golden thread information must be held digitally, and to protect both personal information and the security of the building, it must be held securely.
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