In the world of high-value retail, particularly for jewelry stores, inventory isn't just stock; it's a collection of significant, often irreplaceable, assets. Standard retail security measures frequently prove inadequate against the sophisticated internal and external threats that can lead to devastating financial losses. The slow drain of shrinkage, stemming from
So, let's get right to it: how much does jewelry insurance cost? The quick answer is you can generally expect to pay 1-2% of your jewelry's appraised value each year. That means for a $10,000 engagement ring, you’re looking at a premium between $100 and $200 annually for solid, reliable
When you hear "commercial crime insurance," don't let the name intimidate you. It’s simply a specialized policy built to protect your jewelry business from financial losses caused by crime. Think of it as a dedicated security system for your cash and accounts, guarding you against threats that your other policies,
Excess liability insurance is a second line of defense that only comes into play after your primary policy, like a Jewelers Block policy, is completely tapped out from a major claim. Think of it as a critical financial backstop for your jewelry business, standing between a catastrophic lawsuit and your
Cargo Insurance protects your high-value pieces in transit. Liability Insurance steps in when a customer slips, falls, or their property gets damaged at your shop. Together, these two policies create a robust safety net for jewelers facing everything from stolen shipments to third-party claims. For jewelry store insurance or insurance
If you're in the jewelry business, you know your risks aren't like anyone else's. That's why your insurance can't be either. Jewelers block insurance is the industry standard—a specialized, all-in-one policy built from the ground up to protect the unique, high-value world you operate in. Think of it as a
When it comes to insuring an engagement ring, the first question everyone asks is, "What's this going to cost me?" The good news is, it's probably far less than you think. A solid rule of thumb is to budget between 1% to 2% of the ring's appraised value for your
Here’s a startling truth that trips up too many jewelers: the insurance your carrier has is not designed to protect you. Jewelers block insurance is a comprehensive policy that protects your inventory, but what about when you ship? When you hand a package to a carrier, they are covered by
Think of Jewelers Block insurance as the ultimate security detail for your jewelry while it’s on the move. It's a specialized policy designed to protect your high-value pieces from the moment they leave your hands until they’re safely signed for at their destination. For any jeweler, this isn't just an
When you hear the term "insurance loss control," don't think of it as just another industry buzzword. It’s a complete shift in how you protect your jewelry business. Instead of simply reacting to a theft or disaster after it happens, you're getting ahead of it—actively preventing losses before they ever
