Like all sectors, the art world has recently seen disruption on a global scale. As the economy very gradually moves out of lockdown, one question has come up again and again: How do we manage the increased risk?

Hallett Independent’s Managing Director Adam Prideaux tackles this very topic in Articheck’s recent webinar.

Covering a broad range of subjects and trends in art insurance such as reinsurance, Business Interruption Insurance, Transit Coverage and protecting your premises – this webinar is vital watch for all gallery and museum owners tackling the challenges which the COVID-19 lockdown has presented to the art world.

At a time when art venues and events couldn’t be facing a more challenging set of circumstances and largely remain closed, Adam covers a broad range of insurance areas including business interruption and unoccupied premises.

“These insurances [business interruption] were primarily arranged to protect businesses affected by physical damage such as a fire or flood to help keep the business going. They’re not designed to meet the macro economic effects caused by a global pandemic. That said some policies may include cover for business interruption resulting from what we call a restriction in access to your premises – restricted access cover.”

To benefit from Adam’s full advice and some money saving tips around unoccupied premises watch the webinar below.

“The heart of the problem is email as a means of communication. People send all their confidential information, and it’s easy to hack and see what they are talking about.”

Here at Hallett independent we see at least one case of cybertheft per week, it’s much more prevalent than the physical theft of an artwork.

By cybertheft – what are we talking about exactly?

Well, often its email scammers trying to trick you into giving them your personal information. Many of these scams use social engineering as a tool to convince people to either divulge sensitive information or send money to mysterious overseas accounts, with scammers researching specific targets in order to pose as someone they trust.

So, what can galleries do to prevent this?

Put some simple measures in places. Password-protect invoices send sensitive information (including pricing details) via WhatsApp or another encrypted messaging service, or even consider using good old-fashioned snail mail.

This is a topic fully explored in Artsy’s latest blog, How Art Collectors Can Avoid Online Phishing Scams and Social Engineering.