Jewelers Standard Pak
This policy combines the Jewelers Standard with the Businessowners Policy, providing a package of property and liability coverages. Jewelry businesses that have maximum property limits of $500,000 under the Jewelers Standard Policy may choose this package.
What's covered
Jewelers Standard provides coverage for:
- Your inventory of jewelry stock for sale.
- Primary coverage for customers' property (from those not in the jewelry business) that has been delivered or entrusted to you.
- Property of others in the jewelry business that has been delivered or entrusted to you; often referred to as "memo goods."
- The cost to hire a trained security guard in the unusual situation we require a guard due to alarm system failure.
- Accounting expenses of an accounting firm you hire at our request to present a claim for property losses caused by covered perils.
Businessowners Policy coverage includes:
- Buildings
- Business personal property such as furniture, fixtures, and tenant improvements.
- Loss of income when your business is interrupted by loss or damage to real or personal property caused by a covered peril, excluding theft.
- Chemical cleanup caused by accidental spilling of chemicals used in the normal course of jewelry operations; includes cost to repair or replace covered property, cleanup of chemical spills, and loss of income.
- Accounting expenses of an accounting firm you hire at our request to prove a loss of income claim caused by covered perils.
Commercial liability coverage for:
- Bodily injury and property damage
- Medical payments
- Products and completed work
- Fire legal liability
- Ear piercing liability
Jewelers Enhancement Endorsement
The traditional Jewelers Enhancement Endorsement is included in the Businessowners Policy for no additional premium. Three other enhancement options are available for manufacturing, retail, and wholesale jewelers. Choose the enhancement that best fits your particular insurance needs.
An Optional Coverage Package is available, as well as other optional coverages such as appraisal liability and employee benefits liability.