Jewellers' Block Insurance

In Plain Terms

Jewellers’ Block insurance is a specialized commercial policy designed to protect jewelry businesses against the loss, theft, or damage of high-value inventory and precious materials.

01
Stock

Diamonds, gold, gemstones and finished pieces.
02
Movement

Couriers, airfreight, exhibitions and travel.
03
Exposure

Burglary, robbery, shoplifting, loss in transit.
04
Protection

Cover follows the stock, including client items.

Key Coverages

Stock and Inventory: Protects diamonds, gold, gemstones, and finished jewelry pieces. With extension, valuable watches can be covered as well.
Transit and Shipping: Covers items while being transported via couriers, airfreight, or armored services.
On-Premises and Off-Premises: Guards against burglary, robbery, and shoplifting at your shop, exhibitions, or while travelling.
Client Possessions: Extends protection to customer items left in your care for repair or appraisal.

Common Exclusions

Normal wear and tear: gradual deterioration or damage from routine handling.
Unattended vehicles: losses occurring from vehicles left unlocked or unsecured.
Employee dishonesty: fraud or internal theft (unless a specific fidelity extension is added).
While being worn: accidental loss or damage while jewelry is actively worn by individuals (unless specifically endorsed).