Jewelers Block insurance typically costs between 1% and 2% of the total insured inventory value per year.
For most jewelry businesses, this equals $3,000 to $10,000 annually, depending on inventory value, location, security, and risk exposure.
Jewelers Block Insurance Cost (Quick Breakdown)
- $250,000 inventory: $2,500 – $5,000 per year
- $500,000 inventory: $5,000 – $10,000 per year
- $1,000,000+ inventory: $10,000 – $20,000+ per year
High-end jewelers, wholesalers, or businesses with frequent travel and shipping exposure may pay more.
What Affects Jewelers Block Insurance Cost?
The cost of Jewelers Block insurance varies based on several underwriting factors:
- Inventory value and type – Diamonds, luxury watches, and loose stones increase cost
- Business location – High-crime or metro areas cost more
- Security systems – Safes, alarms, and cameras can lower premiums
- Claims history – Prior losses increase rates
- Travel and shipping exposure – Trade shows and transit coverage raise premiums
- Coverage limits and deductibles – Higher limits increase cost; higher deductibles reduce it
Why Jewelers Block Insurance Costs More Than Standard Business Insurance
Standard commercial insurance policies exclude most jewelry-related risks. Jewelers Block insurance is designed specifically for high-value inventory and covers:
- Theft, burglary, and robbery
- Fire and natural disasters
- Inventory in transit or shipping
- Customer property in your care
- Mysterious disappearance (subject to conditions)
Because losses can be severe, premiums reflect the specialized nature of the coverage.
Is Jewelers Block Insurance Worth the Cost?
Yes. For most jewelry businesses, one loss can exceed the annual Jewelers Block insurance premium many times over. The cost is small compared to the financial impact of theft, fire, or transit loss.
Key Takeaway
Jewelers Block insurance costs about 1%–2% of insured inventory value per year, with most jewelers paying $3,000–$10,000 annually.
Pricing depends on inventory value, security, location, and business operations.