Artchain brings Transparency and security between artists and the Insurers.

Insurance companies are profit organizations, which means that they are not happy when they have to pay back to their clients. A good provider will work with you to cover your arts, but in the end, they will surely be looking for a way to make up for their own losses, which usually means looking for someone to ask for compensation. They call it “investigation” and the law are really in favour of insurance companies.

If an outside contractor causes damage and your insurer determines that you are not in debt, you may think that is the end of the drama for you. No, your insurer may be planning a lawsuit against this contractor. Be prepared to provide your insurer with all types of documents you may need: provenance, records of interviews with your contractor, recordings of policy adjustments, and any other items related to the preservation of your artwork. It can be more frustrating to be asked to testify or justify in court. But how can you make things easy for yourself in this kind of situation? The Artchain Blockchain system gives a real-time verification system to the art industries to bring security, transparency and speed to all art transactions. In these cases, you can trust your insurer. It is unlikely they will argue against you because that would mean that they will finally have to pay the damage. The only exception to this rule is if you want to be negligent (for example, you have kept records, you have forgotten a security breach or something of the same type). Therefore, it is important to work in hand with your insurer, otherwise, you can be giving back this check.

Artchain.ai

Artcoin.ai