Insurance for Jewelry Stores

Every Jewelry story has a unique set of Insurance needs and requirements. There are many different programs and options available to cover a wide variety of different types of jewelry store, but which are important? We will give you a run down on the most important coverages for any jewelry store.

Insurance for Jewelry Stores – Property Insurance

Depending on the size and scope of your jewelry stores, Business Personal Property Insurance may be one of the most important coverages you ever purchase. Many jewelry stores have hundreds of thousands of dollars in inventory. If this inventory is stolen, you can receive a full replacement cost on all of it, depending on how your Property Insurance is structured. In addition, you can specifically schedule very expensive items with your carrier to assure that they are fully replaced in the event of a covered property loss.

Insurance for Jewelry Stores – General Liability & Business Owners Policies

General Liability is an affordable coverage that every jewelry store should have. If you have a customer fall and get injured in your store, it is the General Liability that will provide coverage. An alternative to purchasing a standalone General Liability policy is purchasing a Business Owners Policy. Business Owners Policies include General Liability coverage and your Business Personal Property on the same policy. This will provide you with two of the most important coverages, packaged into a single, affordable policy.

Insurance for Jewelry Stores – Other Important Coverages

As mentioned above, scheduling expensive items onto your property coverage is imperative to Jewelry Stores that have expensive inventory. This will assure you obtain you obtain sufficient replacement cost if a claim occurs. If your store has any employees, you are required to carry Workers Comp in case your employee gets injured. Lastly, if your jewelry store does repair work of any kind, it is important that your General Liability includes coverage for products & operations.

If you would like to learn more about important coverages for Jewelry Stores, give us a call! You can reach our specialists at 925-297-4829.

[divider]

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.