Insurance for jewellers
Retailers, manufacturers, wholesalers and valuers carry risks that a standard business pack was never written for. Sarah and Sophie have 40 years' combined experience in Jewellers Block and look after Ardent's jewellery trade clients from first quote to claim.
Stock, storage and the pieces that matter
Jewellers Block
Stock in trade and display stock, customer goods in trust, money, work in progress, goods in transit and the business interruption that follows a loss. Placed with specialist underwriters who know the trade.
Jewellers Block coverPrivate Vault
Cover for jewellery, gemstones, precious metals and documents held in a private vault, and for the trips to and from storage. Vault storage on its own does not insure the contents.
Private Vault coverValuables
Agreed value, worldwide cover for individual pieces and collections: jewellery and watches, fine art, wine and collectibles. Often the right answer for a principal's own items.
Valuables coverCover changes the moment stock leaves the premises
The most common gap we see is the assumption that stock is covered wherever it goes.
Sendings
Shipping and postage of stock to customers, suppliers or other stores. Limits, carriers and packaging conditions all affect whether a parcel is covered.
Outwards entrustments
Stock handed to cutters, setters, polishers and other trades. While it is in their hands it needs to be named in your policy or theirs.
Personal conveyance
Staff carrying stock to the post office, to appointments or to the vault. Most policies set conditions on who carries what, and how much, before the cover applies.
Stock taken between the shop and the valuer
An illustrative example of how Ardent can make the difference in a time of need.
A staff member was carrying pieces to an independent valuer when the stock was taken. The loss happened away from the premises and outside a locked safe.
We had set the away-from-premises limit against how the business actually moves stock, and the carrying conditions on the policy matched what staff were doing in practice.
The loss was paid at the insured value. The policy did not fall over on a carrying condition the business could never have met.
Responds under Jewellers Block
This is an illustrative example. Every claim is assessed by the insurer on its own facts and under the terms of the policy.
What insurers expect to see
Jewellers Block policies carry conditions that most other business covers do not. We go through them with you each year so the procedures on paper match how the shop runs day to day.
- Alarm tested within the last 12 months
- CCTV covering the key risk areas, with footage kept for 30 days or more
- Opening and closing procedures that match the policy conditions
- Stock levels declared after Christmas, and before trade shows
- New staff, refurbishments and new locations reported as they happen
- Professional indemnity for valuations, where you provide them
Our Jewellery experts
QPIB · Dip. Fin. Serv. (Ins Broking)
Client relationships and team leadership
Lynne co-founded Ardent after 45 years in insurance broking, and strong client relationships have run through all of it. In recent years she has worked as a General Manager, bringing general broking experience together with managing a team. At Ardent she supports the staff and keeps the workplace positive, which clients feel in every dealing they have with us.
QPIB · Dip. Fin. Serv. (Ins Broking) · ANZIIF (Snr Assoc) CIP
The jewellery trade, childcare and commercial risks
Sarah co-founded Ardent and has more than 30 years in insurance in the UK and Australia, across commercial, property and casualty, professional risks and claims, with a focus on the jewellery trade and childcare. She works with each client to solve problems, plan ahead and see a claim through smoothly.
Mid-market businesses and jewellers
Sophie has almost 10 years in insurance broking and is studying for her diploma in insurance broking. She looks after mid-market clients across a range of industries, with a long-standing focus on jewellers. She gets to know each business, its risk profile and its appetite for risk before advising, and keeps in touch through the year.
What a client says about Ardent
Sarah assisted me with my insurance queries and helped include professional indemnity under our Jewellers Block. By the end of our conversation, I felt confident in what was required of me
Our partners
Insuring your own jewellery rather than trade stock?
Jewelsure covers jewellery for individuals: single pieces, engagement rings and collections. It sits outside the business covers on this page.
We may refer you to our partners and may receive a fee or commission for the referral. Details are in our Financial Services Guide. Each partner is responsible for the services it provides to you.