Jewellers Block Insurance

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Everything You Need to Know

What is it? What is Jewellers Block Insurance?

What is Jewellers Block Insurance?

Jewellers Block Insurance is a specialized insurance policy designed for jewellers, manufacturers, wholesalers, retailers, and traders dealing in high-value inventory. It provides comprehensive protection for jewellery, diamonds, precious stones, bullion, and cash against a wide range of operational and financial risks.
The policy covers assets across the entire business lifecycle, including stock held at premises, in transit, at exhibitions, custody of authorized representatives, and fidelity helping businesses safeguard their inventory and maintain operational continuity.

Theft & Burglary Fire & Act of God Transit & Exhibition Fidelity Liability

Why is it important? Why is This Policy Vital for Jewellers?

Why is This Policy Vital for Jewellers?

Jewellery businesses operate with high-value inventory, complex supply chains, and significant exposure to loss events. A single incident can disrupt operations, impact cash flow, damage customer confidence, and create substantial financial strain.
Jewellers Block Insurance acts as a critical risk-management tool by protecting business capital, preserving financial stability, and enabling faster recovery from unexpected losses. It helps jewellers focus on growth with confidence, knowing their business is protected against risks that could otherwise have long-term consequences.

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Understand Your Insurance Before Buying

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Who Needs Jewellers Block Insurance?

Retail Showrooms & Jewellers

Stock on display and vault inventory coverage.

Manufacturers & Bench Jewellers

Raw material, work-in-progress and finished goods protection.

Diamond / Gem Traders

Transit and custody safeguards for high-value parcels

Exhibition Participants

Jewellers displaying at IIJS and similar shows, trade shows, and international export shipments.

Antique & Luxury Dealers

Specialized coverage for vintage pieces, estate jewellery, and rare gems with appraisal-supported valuations.

Types / Add-ons Commonly Offered

Stock on Premises Cover

Transit & Exhibition Cover

Money in Safe & Transit

Fidelity / Employee Dishonesty

Stolen/Spurious products

Employees/ third party custody

What Jewellers Block Insurance Can Cover

Theft & Burglary

Fire & Explosion

Transit Losses

Exhibition Damage

Mysterious Disappearance

Robbery & Snatching

Flood & Natural Perils

Riots & Strikes

Employee Dishonesty

Inclusions & Exclusions

✓ Inclusions 5

Stock on Premises Loss or damage to declared stock inside insured premises.

Transit & Exhibition Goods covered while on transit or at shows (when opted).

Money in Safe Daily takings and cash in safe as per schedule.

Employee Dishonesty (Fidelity) Losses from internal theft (if included).

Valuation Cover Appraisal-supported settlement when add-on taken.

✗ Exclusions 5

Willful Misconduct Deliberate acts by the insured.

Wear & Tear Gradual deterioration or faulty manufacturing not covered

Voluntary Parting / Fraudulent Parting Losses from deceit without theft evidence.

Unreported / Uninsured Items Items not declared in schedule.

War / Nuclear / Sanctioned Events Standard political exclusions.

Claims — Process & Examples

Claims information will appear here.

Frequently Asked Questions

Are items covered when if stolen by the customer? +

Yes, shoplifting is covered under the policy.

Are precious stones covered separately from finished jewellery? +

Both loose stones and finished jewellery are covered, but they must be specifically declared in the policy.

What documentation is needed for claims? +

FIR, inventory/valuation schedule, purchase invoices, non-traceable certificate (for theft), and surveyor’s report. Indian insurers commonly require these.

Is coverage available for international exhibitions? +

Yes, but international exhibition coverage requires special arrangements and higher premiums.

Are antique and heritage jewelry pieces covered? +

Yes, but antique pieces may require professional valuation and tailored terms.

Know Your Client. Earn Their Trust.

“We've worked with CoverBizz on our showroom and inventory cover for a few years now. They review it every year, so we're never under-insured.”

★★★★★

Puneet Mehra

Owner, Gandaram & Sons Jewellers Delhi

“CoverBizz put together a stock and transit cover that actually fits how we work. Claims have been quick, with none of the usual back-and-forth.”

★★★★

Ankur Bansal

Owner, Tirupati Diamonds Delhi

“In our line of business, trust matters more than anything else. CoverBizz took the time to understand us before suggesting a policy, not just sending a standard quote like everyone else does.”