After a busy holiday season, are you preparing for a much-needed vacation?
Be aware that you may not be the only one looking forward to the break you'll be taking from your business.
Criminals welcome the buffer provided by an extended weekend or holiday. The store’s extra closed-to-business period gives criminals more time in which to use their tools and torches to defeat the safe. It can also allow more time for the criminals’ trail to grow cold before the jeweler and law enforcement become aware of the crime.
Jewelry wholesale and manufacturing businesses may think they don’t need umbrella liability insurance to protect them against high-dollar lawsuits. After all, non-retail jewelry businesses have much less worry about customer foot traffic in their business facility, so their liability risks ought to be much less, right?
Where do they get some of those odd code words and phrases that they use in the spy movies?
Jewelers Mutual advises jewelry businesses to adopt a secret code word or phrase that store staff may use to alert each other of suspicious activity. However, we advise against borrowing a ridiculous phrase from a B movie.
Jewelers of America, the national association for businesses serving the fine jewelry marketplace, offers Professional Certification in the areas of sales, marketing and bench jewelry.
The certification exams measure the proficiency of jewelry professionals against the highest industry standards. JA Certified Professionals can better communicate their professionalism to consumers seeking trustworthy jewelers.
Although many business operators know that an umbrella insurance policy provides protection against the risk of being the target of a high-dollar lawsuit, too many neglect to obtain this important insurance protection. They mistakenly believe that they are not vulnerable to the possibility of being sued for $1 million or more.
However, any of these business owners whose employees operate a vehicle as part of the conduct of business should think again.