Fine Arts Coverage and 2 more items

The University of Nebraska Board of Regents awarded a contract to AON Risk Services for fine arts and valuable items insurance coverage effective June 12, 2026, through December 31, 2099. The total contract value is $626,454.00. AON Risk Services, operating as Commercial Risk Solutions, serves as the insurance broker facilitating this renewal proposal, which includes Fine Arts Coverage and Valuable Items Delivery disclosure insurance with multiple participating carriers.

The university accepted the primary Fine Arts Coverage option quoted at $322,739 annually, which represents the first line item in the contract award. A secondary Fine Arts Coverage option valued at $303,715 was declined by the university. Additionally, a Terrorism Risk Insurance Act (TRIA) coverage option was presented but not quoted and subsequently declined. The scope of services emphasizes the university's commitment to museum collection management best practices, including maintenance of updated applications confirming Total Insurable Value by location, review of exhibition schedules, maintenance of loan records, and insurance of assets to maximum values. Premiums exclude Surplus Lines Taxes, policy surcharges, taxes, and additional fees.