17.–21.11.2021 #artcologne2021

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9th Cologne Art Insurance-Talk

Zilkens Fine Art Insurance Broker

"State liability" - Useful instrument or latent overtaxing of public budgets?

The term "State liability" first appeared in Sweden in 1974 in the context of art exhibitions. Since 1975, the USA have established a very detailed set of rules for granting state guarantees for exhibitions of international importance.

In Germany, state and federal state guarantees have been increasingly issued since 1992. By now parliaments have approved the state guarantees in their public budget with an amount of EUR 6.95 billion, without any budget funds being available for them. For comparison, this amount exceeds the budget of the Federal Ministry of Food and Agriculture or the budgets of the federal states of Bremen or Saarland.

What is the legal basis for state and land guarantees? How is the question handled in other countries? Are sufficient funds immediately available in the event of a major loss? How are claims regulated? Could it possibly be an illegal aid in the sense of EU law? What are the possibilities for insurance companies? Are exhibition insurances really so incredibly expensive? What additional services can be expected from the private sector?

Discussion (in German only) are led by Peter Grabowski (WDR) – inter alia:

• Carolin Scharpff-Striebich, art collector

• Dr. Bodo Sartorius, for many years board member in companies that had art insurance as their focus

• Dietmar Telschow, AXA XL Insurance, Germany

• Lorenz Deutsch, the spokesman for cultural policy of the FDP in the North Rhine-Westphalian state parliament

• Peter Raue, lawyer in Berlin

The invited representatives on the panel promise an exciting and controversial debate and we were pleased to welcome you via live-stream.

The panel discussion