Hello all -

I am having an insurance challenge at my state run university. The gallery is new and its direction new as well. We will be bringing in touring/traveling exhibitions and thus the folks in purchasing and risk management are coming to terms with new requirements from lenders. We have plans to borrow an touring exhibition and of course the expectation is the work is insured while on the premises via a fine arts policy. I am being told that since we are paying for the exhibition (I.e. The venue participation fee) that the university will not insure the work. They do not consider that a loan since we are paying for the exhibition. I come from the museum field and have not experienced a self insured state university system. As a state run facility we are not allowed to purchase insurance. 

Any insight would be helpful. 

Thanks

Amy