Products: RK Harrison provides cover for EU-based art dealers and conservators
RK Harrison Insurance Services has launched a new professional indemnity (PI) product for art dealers, conservators, advisers and other art market professionals based in the European Union.
It provides cover for legal costs in cases relating to faulty attribution or authenticity, defective title and negligent valuation.
The broker claimed the product was the first of its kind and described it as “unique in the scope of coverage and high limits it offers”.
Filippo Guerrini-Maraldi, executive director of the fine art team at RK Harrison, said the market had moved beyond coverage for stock as incidents of litigation have increased, with settlements and fees amounting to millions of
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