We know how hard you work running your jewelry business. Whether you’re setting a stone, repairing a ring or making a sale, get the peace of mind you need from specialized insurance made for jewelry business owners.
What Is Jewelry Store Insurance?
Running a successful jewelry store can be stressful. From employee injuries to stolen jewelry items, there are many incidents that can put your business at risk. That’s why having the right business insurance is essential to managing your small business.
Jewelry Business Insurance Requirements
Many jewelers start with a Business Owner’s Policy (BOP) for their insurance needs. It combines three common types of insurance coverage to help protect your business from various risks with one jewelry insurance cost.
General liability insurance can help cover claims that your jewelry shop caused bodily injury or property damage.
Commercial property insurance helps protect your owned or rented building and the equipment you use to run your jewelry shop. This includes:
- Jewelry-making tools
- Display cases
- Security systems
- Computers and point-of-sale systems
Additionally, some insurers also offer jewelers block insurance, which provides specialized jewelry insurance coverage for the unique risks associated with handling high-value items. This coverage helps protect your inventory both on and off the premises, including during transit.
Business income insurance can help replace your lost income if you can’t open your jewelry shop because of damage to your property.
And with jewelry makers insurance, you can run your business without worry, even when there are unexpected issues.
Additional Coverage Opportunities
Consider additional jewelry insurance coverage options tailored to your specific needs, such as:
- Appraisal liability
- Employment practices liability
- Commercial flood insurance
- Management liability insurance