- Appetite
- First approach for a jewellers’ block enquiry, alongside property, business interruption and liabilities.
- Check
- Confirm jeweller eligibility, stock limits, security conditions and cover for customers’ goods and transits.
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Reading the risk
For: Jeweller
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What underwriters will focus on
Jeweller, provisionally treated as a retail shop; the key issue is specialist stock cover rather than a standard shop package. Underwriters will focus on peak stock values, safes, alarms, display protections and any transit or customers’ goods exposure.
Where to start
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We found 108 UK markets that write jeweller risks: 23 insurers, 85 MGAs and 0 Lloyd's markets. Commonly listed: RSA, Hiscox.
Stock security dominates: safe ratings, alarm grading, overnight removal of window stock and goods out on approval. Location, past robberies and any repair or valuation work are also reviewed.
jewellery shop, goldsmith, watch and jewellery retailer, jewellers' block
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