Industry: Non-Profit Exposure: $13,000,000 in Assets Coverage Benefit: Secured Coverage with a Carrier Specializing in Museums and Addressed Historical Property Coverage Savings: $40,000 or 40% Insurance Problem The museum was founded in 1999 and quickly grew through local donors and national support.  Their policy was written with an insurance carrier that had representation on the board. However, this carrier predominately specialized in personal lines insurance.  The museum had four different policy dates on their five policies, which was frustrating, confusing and often led to things falling through the cracks.  Although their facility was over 100 years old, areas of coverage for a historical building had been overlooked, which could have resulted in great financial loss.  Finally, the rates on their account were 40% above market pricing.

Risk Management Solution

We moved to an A-rated carrier that specializes in coverage for museums, addressed the coverage issues of a historical property and reduced pricing to be in line with the market.


The museum can now focus on things other than insurance with one effective date and a carrier who specializes in insurance for non-profits and museums.  We saved them over $40,000 per year while greatly improving coverage.