Protecting your jewellery business against risks like theft, robbery, and loss is crucial, especially considering that approximately 30% of household wealth in India is tied up in gold, precious stones, and jewellery. That’s where Jewellers Block Insurance comes in – offering tailored protection for jewellers and diamond traders.
Coverage:
Jewellers Block Insurance provides a broad spectrum of coverage for various risks, ensuring comprehensive protection for your business:
- Theft and Burglary: Financial losses due to theft, shoplifting, snatching, burglary, robbery, dacoity, and housebreaking are covered.
- Employee Infidelity: Coverage for losses due to dishonesty by employees and business partners.
- Fire and Natural Calamities: Protection against financial losses from fire, flood, earthquake, tsunami, storm, typhoon, and other natural disasters.
- Transit Losses: Insures valuable items lost in transit, whether through courier companies, postal services, air cargo, or other transportation methods.
- Exhibition and Repair: Covers losses incurred while jewellery is being exhibited, repaired, or cleaned.
- Terrorism and Riots: Financial losses due to terrorism, riots, and strikes are covered under this policy.
- Office Equipment and Fixtures: Protects furniture, fixtures, office machines, and other business-related equipment.
Policy Sections:
- Section I: Covers fire, allied perils, burglary, and robbery for jewellery, cash, and valuables at the insured premises.
- Section II: Insures jewellery and valuables in transit under the custody of the insured or their representatives.
- Section III: Covers loss or damage to stocks in transit with third-party transporters, postal services, air freight, inland waterways, rail, or road.
- Section IV: Protects furniture, fixtures, and office equipment against fire, allied perils, burglary, and robbery.
General Exclusions:
- Unexplained Losses: Financial losses without clear explanation or proof are not covered.
- Mysterious Disappearance: Losses under unclear or mysterious circumstances are excluded.
- Dishonesty by Customers or Traders: Losses due to dishonesty by customers or other traders are not covered.
- Unattended Stock: Losses of unattended stock are not considered valid for compensation.
- Non-Declared Items: Only items mentioned in the proposal form and used for
For any insurance solutions, please contact Beacon Insurance Pvt Ltd at https://www.beacon.co.in/
Insurance is a subject matter of solicitation