MADISON, WI, October 30, 2017 – CODAworx, the hub of the commissioned art economy, today announced a new General Liability Insurance Program for artists. The first of its kind and created specifically for commission artists, it covers certain liability claims that arise out of the installation of commissioned artwork on-site.
Commissioned artwork is one of the fastest-growing sectors of the art industry, with site-specific installations being created for airports, hotels, healthcare facilities, high-end residential developments, as well as public art and corporate commissions. This general liability insurance program mitigates the many risks by securing coverage that provides protection during the installation of a commissioned artwork project, including bodily injury, property damage, and illness.
“The growth and diversity of commissioned artwork is driving demand for relevant liability insurance offerings,” said Toni Sikes, CEO of CODAworx. “We continually look for ways to provide the commissioned art ecosystem with the services and resources needed to serve this expanding market in an operationally efficient manner.”
CODAworx teamed with www.sseigroup.com, a leading special events insurance program manager, to develop this new liability insurance program designed for commission artists. The innovative insurance is underwritten by a top-rated (AA/A+) international insurance company. The liability coverage is tailored to meet the individual requirements of the specific artwork installation and provides cost-effective protection for the artist.
CODAworx is the global leader in commissioned art, serving a worldwide community of creative professionals and facilitating transactions with a variety of tools and services. Visit www.codaworx.com/insurance to learn more about the Commission Artist General Liability Insurance Program.
About CODAworx. CODAworx is the hub of the commissioned art economy. We connect all members of the industry, matching creative talent with creative opportunities, and providing digital tools that streamline the commission workflow process. Our network connects artists and creative teams to architects, design and art professionals, and the universe of companies that provide services for commission projects. The website, which launched in 2014, has attracted design + art members from 93 countries. Over 4,000 projects are featured on CODAworx with budgets totaling over $1.3 billion.