National Endowment for the Arts Announces Domestic Indemnity Program

The National Endowment for the Arts (NEA) today announced the addition of a domestic component to the Arts and Artifacts Indemnity Program that will provide significant assistance to American museums while increasing opportunities for audiences to view great works of art. For the first time, exhibitions drawn from U.S. collections are eligible for indemnity coverage while on view in American museums. With the program’s history of unqualified success in covering international exhibitions, it is expected that the domestic component will have an equally profound impact on American museums and the publics they serve.

Since 1975, the NEA has administered the Arts and Artifacts Indemnity Program on behalf of the Federal Council on the Arts and Humanities to reduce the costs of insurance for American museums exhibiting collections from abroad or loaning their objects for exhibitions in other countries. The indemnity agreements are backed by the full faith and credit of the United States Treasury in the event of loss or damage. Because of this program, exhibition organizers, mostly non-profit museums, have been spared nearly $250 million in insurance premiums.

+ Arts and Artifacts Indemnity Program: Domestic Indemnity

Source: National Endowment for the Arts

This entry was posted on Monday, August 11th, 2008 and is filed under Museums & Online Exhibits, Search News. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.