Our Gemstones and Jewellery insurance solutions are uniquely tailored protection solutions for Gemstones and Jewellery Manufacturers, Wholesalers, Exhibitors and Retail. Your Jewellery will be protected against theft which includes robbery, burglary, sneak theft etc. This product insures your Jewels against Shipping and travel-related risks which includes the physical loss or damage to gemstones and Jewellery including transit of gemstones out of mining companies to destinations, gemstones and Jewellery static in business environment and transit risks for events like exhibitions and displays as well as government and museum permanent collections. We can also assist in recommending top range security and safety devices like Security Alarm and Camera Systems, Tracking Devices, Lock Systems and Security Safe Boxes.
Jewellers Insurance policy gives you maximum protection against losses arising from theft and robbery during your business and non-operational hours. This policy can provide further protections that includes your property and fixture. It can cover against loss arising from Fire & lightning explosions, aerial device explosion, flood, leakage of water pipes, damage due to burglary or theft and impact to property by road vehicles. Even though it sounds like general property insurance, it is unique in nature.
In your nature of Jewellery business , probably you are keeping expensive amount of stocks in business premise. Unlike general property insurance, Money Services insurance covers your stock (jewels) in premise. This is important coverage for business owners of this nature. In the event of theft or robbery, you are protected against your stock loss that can curtail your business operations.
Not only your Jewels are protected when it is in your business location or during transit, it can also be insured against loss or damage when it is consigned to another Jeweller. You can further protect your business by including terrorism cover. We have many more add on options available for you. Please talk to our professionals to find out more.
You entrust daily business transactions to your employees. You have trusted and placed your faith in them to conduct your business in most ethical manner. Unfortunately, you will never know when there is change in your employees personal or financial life. Financially handicapped employees may decide to make off with your business cash. Since this is a form of internal theft, our Jewellery business Insurance can provide you with additional Fidelity Guarantee insurance coverage. This add on coverage helps you recover your loss in the event your cash has been embezzled by your employees.
Depending on the type of coverage and the amount, the requirements can vary. Here are some general requirements that is expected in order to consider your business for Jewellery business Insurance considerations
- You should keep proper business records such as sales, purchase and other transaction
- Your business premise should be installed with proper alarm system
- Your business premise should be installed with proper CCTV system
- You should have proper SAFE or Vault setup
- Other requirements may apply
The actual cost depends on your security arrangements and your coverage requirements. There is no fixed cost that fits all businesses. The great news is, At JA Assure, we provide you one of the lowest premium rates in the market. Generally, our premiums are competitively priced than the current market rate.
The information provided in this section meant as general information to help you better understand the product coverage. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance.