Jewellers Block Insurance

Scared of transporting and exhibiting your precious work of art in national and international exhibitions? Worried that the next earthquake might convert your gold into dust? Never even thought about the fact that a piercing gone wrong could land you in court?

While your standard policy might cover the usual, there is much more that insurance has to offer to help your business grow! WE can help you keep abreast with what’s new, making tailor made policies that are just right for you!

What risks can be covered?

Stock (Jewelry, Ornaments, Pearls & Diamonds and Precious Stones, precious metals/articles)

Within the premises where your business is conducted or other locations where it is deposited/stored.
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While it is being carried, transported, distributed outside the specified premises.
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While in transit (registered post parcel, air transit, angadia, courier, logistics companies)
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While in transit from insured premises/point of origin to the exhibition site, during display and overnight storage at the exhibition site (within India or abroad as opted by you).

Building & other content like furniture, fixtures and fittings

Due to fire and allied perils
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From theft, burglary, robbery, hold up

Stock from employees who might turn rogue (Fidelity Guarantee)

From dishonest acts committed by employee(s), alone or in collusion with others during the policy period
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From specified persons other than employees (on payment of extra premium)

Money in transit

Any loss caused by robbery, theft or other fortuitous event whilst carried by the Insured or its authorized employee.

Important points to be noted

The basis of valuation of your property shall be cost plus 10% (For Diamonds – Selling Price less 10%)
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Your property should be kept in a locked safe/vault or approved security room at all times when not being displayed.
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The stock outside of locked safe and/or strong room but within the insured premises after business hours should not exceed 10% of the total sum insured.
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While on display during exhibition hours, your property should be kept in locked showcases with keys removed, unless being removed from or returned to showcases.
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Your property (if in excess of INR 5 Lakhs in value) should always be stored overnight in a burglar-proof safe during non-business hours.
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Your property should never be left unattended, for any reason whatsoever, while on display during exhibition hours.

Additional/Optional covers

Neon Sign
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Public Liability
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Plate Glass
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Terrorism extension
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Medical expenses/re-imbursement for accidental injury caused during the act of piercing

Some important clauses

Personal Conveyance Clause
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Storage at Residence Clause
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Pair and Set Clause
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Jangad Slip Clause
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Maintenance of Key Clause