accurART Fine Art Insurance Broker Ltd. (hereinafter referred to as “accurART”) is an independent insurance broker subject to supervision by the Swiss Financial Services Authority (“FINMA”) within the context of brokerage supervision. This document contains the information to be declared pursuant to Article 45 of the Swiss Insurance (Supervision) Act (VAG). accurART cooperates with various insurance companies, companies working in the insurance industry and companies affiliated with them (hereinafter: “Insurance Companies”). Depending on the Client’s insurance needs, accurART works with the insurance companies in the area of art insurance, in general policies in that area and partially also in other insurance lines of business. accurART is remunerated by the insurers in the form of brokerage fees/commissions. accurART works on behalf of its Client based on the terms & conditions of contract agreed in the brokerage contract and the General Terms & Conditions of Business of accurART as amended. For errors, negligence or incorrect information by advisors in connection with its brokerage work, accurART shall be liable as provided for and pursuant to the liability provisions in the brokerage contract and the General Terms & Conditions of Business of accurART. Personal data will be recorded by the advisors only to the extent required within the context of the service agreed in the Brokerage Contract. accurART undertakes to take all precautions necessary to comply with the applicable provisions of law on data protection. The data will be treated as strictly confidential. As a rule, personal data will be achieved in electronic and/or in paper form. With its signature, the Client hereby authorises accurART explicitly to forward information expressed on to third parties, as long as and to the extent that this is necessary for provision of the services agreed under the Brokerage Contact. Otherwise, the forwarding of such information requires the explicit consent of the Client.
Prior to award of contract the foregoing information shall be provided as part of the duty to provide information under Article 45 of the VAG Act, including a list of the Insurance Companies with whom accurART cooperates.