Fine Arts Coverage: artwork, collectibles, and similar items qualify as covered property under a standard Commercial Property policy and will be insured on an actual cash value basis. However, many policies contain provisions that limit coverage for such property. Therefore you should not rely on your commercial property policy to cover valuable artwork. To protect your business against losses, you'll need to purchase Fine Arts Insurance. This coverage is often added to a Commercial Property Policy by an endorsement. It may also be written by itself as a separate policy. A Fine Arts Form or Fine Arts Endorsement is often referred to as a Fine Arts Floater.