People and businesses involved in arts and antiques have a variety of property and liability exposures in terms of storage, display, transportation, sale, purchase, rental, establishing authenticity, restoration, etc. E.g. it could be a museum displaying famous work of art that is on loan from an individual or another local or foreign entity. The museum may be responsible for care, custody, control while the piece is on display or even during transportation. As such there could be a requirement for all risks of physical loss or damage.

Fine Arts is not limited to paintings or works of arts. Collectibles like high value musical instruments, jewelry held by commercial entities or individuals, coin or stamp collections, all represent high risk assets that need to be protected.