The insurance is divided into two main products: one for heritage buildings, providing specialized coverage for evaluation, restoration, and risks unique to these structures.

The text discusses two insurance products offered by the Ministry of Culture in partnership with the Insurance Authority.

The first product provides coverage for intangible cultural heritage, such as traditional crafts and cultural events.

The second product offers insurance for high-value artworks and cultural assets, including works of art, exhibitions, antiques, and collectibles.

This product also covers the unique requirements of handling and transporting these assets.

The creation of these insurance products resulted from a collaborative project between the Ministry of Culture and the Insurance Authority to assess risks related to heritage assets, develop risk management tools, and support the protection and growth of cultural activities both locally and internationally.

The Ministry of Culture in the Kingdom introduces cultural insurance to safeguard cultural assets in various forms.

This insurance covers high-value assets like heritage buildings and artworks, offering protection against losses through different types of insurance such as third-party damage and business interruption.

It ensures financial stability for the cultural economy, shielding it from financial repercussions of losses, and catering to the needs of exhibitions, particularly those involving loaned assets.

The Insurance Authority plays a role in creating insurance products that align with the latest developments and contribute to the economic growth under Vision 2030.

Cultural insurance supports adherence to best practices and creates a secure investment environment in the cultural sector.