Insurance
Does ARTEX have insurance?
Yes, we have all the insurance that we are legally required to carry. The terms and conditions of our Bill of Lading (and/or Warehouse Receipt) contractually limit our liability for your shipment to $0.60 per pound based on the actual weight of the items. If you want insurance coverage for the full value of your shipment you must purchase insurance.
Isn’t $0.60 per pound liability too low?
This limit of liability is standard in the transportation and storage business. Most of our customers maintain their own “wall-to-wall” insurance coverage of their artwork, which is in force at all times, even while their artwork is in the care, custody and control of ARTEX or another transportation company. Customers who maintain “wall-to-wall” insurance coverage can avoid purchasing additional insurance from us. This is a cost effective alternative for customers who routinely ship artwork or store artwork at a contractor’s warehouse.
What does the insurance cover?
If an ARTEX employee is able to inspect the artwork and determine that it is adequately packed, then the coverage is for all risks excluding wear, tear, gradual deterioration, moth, insect, vermin, inherent vice or nature of subject matter insured.
Can ARTEX provide insurance while another shipper is handling the artwork?
No. We only offer insurance coverage while the artwork is in the care, custody and control of ARTEX.
