Jewellery Block Policy
A Jeweller's Block Policy is a specialized, comprehensive "all-risk" insurance package designed for the unique high-value and mobile risks faced by bu...
Jewellery Block Policy
A Jeweller's Block Policy is a specialized, comprehensive "all-risk" insurance package designed for the unique high-value and mobile risks faced by businesses in the precious metals and gem trade, including retailers, wholesalers, and manufacturers.
Comprehensive Coverage
It provides broad coverage for the insured's stock (jewelry, precious stones, bullion, etc.), whether it is:
On the Premises
In safes, showcases, or display windows against perils like fire, burglary, robbery, riot, and natural disasters.
In Transit
Via courier, post, or by the insured/employees during transportation.
In Custody of Third Parties
Like brokers, cutters, or goldsmiths for job work.
At Exhibitions or Trade Shows
Coverage extends to jewelry displayed at trade shows and exhibitions.
Additional Coverage
Additional sections often cover employee infidelity, business furniture and fixtures, and sometimes cash. The premium is typically contingent upon the security measures of the premises, making it an indispensable policy for managing the catastrophic financial risk of losing valuable, easily portable inventory.