If any are sold or displayed, this may render them business property. To avoid the potentially tragic loss of such property, a manufacturer may schedule the pieces that are held for personal enjoyment. Scheduling is a form of inventorying where the insurer submits a list and description of all pieces to be insured with an appraisal of their value. The insurer assumes the risk of loss of all scheduled works without concern as to whether or not they pertain to the business. Insurance on scheduled property is slightly more expensive than that on unscheduled property.
Many battles occur over the value of objects stolen, destroyed or lost.
In anticipation of such battles, you should maintain records of sales to establish the market price of goods and an inventory of all goods on hand. An expert in the field must determine the value of certain kinds of property, including artwork. However, the insurance company can always contest the scheduled value. Work with an experienced lawyer in your state.