Jewellery shops and businesses - Insurance cover information

Jewellery shops usually contain a great deal of expensive stock. Warrings provide a combined jewellers insurance policy (or Jewellers Block Policy) that can be fashioned to an individual jeweller's requirements.

Our combined policy is designed to include a comprehensive range of cover for the requirements of most jewellers. At the same time, Warrings provide flexibility for business owners to select quotes and levels of cover they are comfortable with to minimise the cost of insurance.

Warrings insurance provides protection for jewellers in the event, say, a jewellery shop is broken into or damaged by fire, flood or anything else beyond control. Here we list more details about the range of features and benefits available with Warrings insurance policies:

Jewellers Insurance Features and benefits

The Jewellers Block Insurance we promote is designed to meet the needs of the various Jewellery Trades and to be customised to your exact requirements.

Cover features include:

Stock, Goods In Trust and Money

• Stock, Goods entrusted to you and Money insured on an All Risks ‘Jewellers Block’ basis, both at your premises and as required away from the premises carrying stock/money to bank, post office repairers and the like.
• Our Jewellers Insurance Policies can be extended to provide an automatic increase in the sums insured for stock during those periods when higher amounts are being held, eg before Christmas.
• Cover can be tailored to include sendings, stock taken home, entrustments to third parties, exhibitions and displays in hotel showcases.
• For wholesalers or manufacturers Cover can be included for a representative’s or agent’s ranges and the policy can be extended to provide cover for losses from unattended vehicles, and cover at Private Homes.
• The policy covers the wearing of stock by staff or your relatives. Automatic limit of cover: £5,000.
• Damage to stock (jewellery) whilst it is being worked on, including cover for damage to stones. Automatic limit of cover: £5,000.
• The cost of changing locks following loss of premises keys. Automatic limit of cover £2,500.
• The cost of employing security staff in the event of Alarm malfunction. Automatic limit of cover £2,500.
• The insurance can be extended to include Fidelity - a loss through staff dishonesty - up to a maximum of £250,000 or the Stock Sum Insured whichever is the lesser.
• Warrings Jewellers insurance can be extended to include Defective Title - This extension particularly applies to retailers who buy second hand goods and applies to goods that are sold to you by a vendor who does not have the legal right to sell, subject to your always taking the appropriate precautions in identification. Selectable limit usually either £5,000 or £10,000.
• Cheque Cashing and other cash activities can be catered for.

Cover for All Other Contents

Cover is Commercial All Risks basis with full reinstatement and includes:

• Trade contents including but not limited to Furniture Fixtures & Fittings like jewellery display cabinets, Shopfront, Security equipment, Machinery, Tenants decorations and improvements, Exterior clocks and signs Patterns moulds models, plans and designs.
• Fixed Glass where responsible including costs of temporary boarding up restoring displays and other similar temporary work or expense to reinstate window cover. The cost of reinstating computer records up to £250.
• Cover for employees’ tools and personal property on your premises up to £500 any one employee.
• Cover is included for the Fixtures and Fittings away from the premises.
• Including Professional fees incurred in reinstating property following loss.
• Debris removal costs for removing trade contents following an insured loss.
• Additional costs incurred to meet Public Authority requirements.
• Damage done to premises by thieves.

Buildings Insurance

If you own your buildings coverage can be provided on a Commercial All Risks basis with an option to include subsidence.

Business Interruption

Serious violent and forcible theft will affect your trade and ultimately the company profits and the policy therefore includes cover for this eventuality in addition to the normal covers for Consequential Loss following fire, storm, flood etc, on a Commercial All Risks basis.

• The Sum Insured is based on 133.33% of the Estimated Gross Profit (EGP) and thus provides a margin for increases.
• Premises Theft Losses are included
• Supplementary additional costs for security protections up to 10% of the EGP or £26,000, whichever is the lesser, is included such security protections do not directly reduce the loss.
• Extensions for the following events at the premises infectious disease, murder or suicide, food poisoning, or drainage sanitary orders.
• Loss through denial of access caused by a nearby premises suffering a loss which would be covered at the insured premises or closure due to Civil Authority such as a security situation (subject to waiting period).
• Loss at a Public Utility through an insured loss that interrupts the insured business.

Rent Payable

If you are responsible for continuing rent payments if your jewellery shop of jewellery trade premises are damaged and this is not catered for under your lease this insurance can provide cover.

Personal Accident Assault & Personal Accident Cover

This section provides cover for the proprietors staff and customers for serious injury or incapacity following an assault on the Insured’s premises or whilst carrying stock or money outside.

Public Liability, Products Liability & Employers Liability

Warrings can arrange for your jewellers insurance policy to be extended to cover your legal liabilities to the public and your employees.

Professional Indemnity Extension

Cover for liability at law for damages and claimants costs and expenses arising from wrongful valuations with a selectable limit of indemnity of either £10,000 or £20,000.

Terrorism insurance

Cover for acts of terrorism causing loss or damage to your stock or contents and Business Interruption can be included.

Protection summary from Warrings

Warrings jewellery insurance details described on this page are a brief summary of protection that is available. They do not constitute an insurance policy or contain full terms and conditions of insurance cover. Also, they do not contain policy exclusions or limitations - and they can not be said to be representative of any cover or insurance contract that may eventually be provided.
A Warrings insurance representative will be happy to supply, upon request, summaries of cover and full policy wordings.

Pay premiums monthly

A monthly premium payment plan is available from Warrings to assist jewellery businesses when budgeting for insurance costs. Simply ask one of our account managers about our pay-by-instalment facilities.

For help and information about our jewellers insurance policies, you can call 0844 209 0566 now or use one of our online contact methods listed above.