Jewellers Dealers Insurance Protection

The watch insurance is an important first line of insurance protection for watch Manufacturers, Wholesalers and Retail. This is an “all risk” policy. What does “all risk cover’ means? It covers all possible risks unless exclusively excluded in the policy. Your stocks will be protected against theft which includes robbery, burglary, water or flood damage etc. On normal circumstances, losses arising from riots, terrorism are excluded.

This policy can insure your premium watches against Shipping and travel-related risks which includes the physical loss or damage to it. 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.

Watch retailers 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. It is an all risk cover insurance policy that covers all perils unless excluded explicitly in the contract.

In your nature of premium watch business, probably you are keeping expensive inventory of assets in business your business premise. Unlike general property insurance, our watch insurance covers your stock 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 premium watches are protected when it is in your business location, it can also cover during transit shipments. You can further customize this policy to add on more protection covers. In fact, 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 watch insurance provides 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 watch insurance underwriting 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. 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.

Please note:

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.

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They are extremely competitive and have provided excellent service to us. Our relationship has been mutually satisfying and we would certainly recommend JA Assure to others as an outstanding insurance solution provider.

P Narayanan
Managing Director, NS Cashpoint Sdn Bhd