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What Is Jewelers Block Insurance?

What Is Jewelers Block Insurance?

Jewelers Block Insurance is a specialized form of commercial insurance that protects jewelry businesses — including retailers, wholesalers, manufacturers, and designers — from the loss, theft, or damage of their valuable inventory.

Unlike standard business insurance, which often excludes high-value merchandise, Jewelers Block Insurance offers all-risk coverage, meaning it protects against most causes of loss unless specifically excluded in the policy.

In Simple Terms:

Jewelers Block Insurance is a comprehensive policy that protects jewelry, gemstones, and precious metals owned or entrusted to your business, whether they’re stored in your shop, shipped to clients, or displayed at trade shows.

What Does Jewelers Block Insurance Cover?

A Jewelers Block policy typically includes coverage for:

  • Theft, burglary, or robbery – Protection against stolen merchandise or break-ins.

  • Fire, flood, or natural disaster – Covers loss or damage to stock and property.

  • Mysterious disappearance – Covers missing items with no clear explanation.

  • Goods in transit – Protects jewelry during shipping, mailing, or transport.

  • Trade shows and exhibitions – Extends coverage while attending events.

  • Employee dishonesty – Covers losses due to theft or fraud by employees.

  • Property of others – Protects consigned or loaned jewelry in your care.

Who Needs Jewelers Block Insurance?

You should consider Jewelers Block Insurance if your business involves any high-value jewelry or precious metals, including:

  • Jewelry retail stores

  • Wholesalers and distributors

  • Manufacturers and designers

  • Appraisers and watch dealers

  • Estate and antique jewelers

If your business handles, stores, or ships valuable jewelry, this coverage is essential.

How Much Does Jewelers Block Insurance Cost?

The cost of Jewelers Block Insurance varies based on your inventory value, location, security measures, and claims history.

Average Cost Range (U.S.):

  • Small retail jewelry stores: $1,000 – $5,000 per year

  • Mid-sized jewelers or wholesalers: $5,000 – $15,000 per year

  • Large national operations: $20,000+ annually

Key Factors That Affect Premiums

  1. Type of jewelry business – Retailers vs. manufacturers face different risks.

  2. Value of merchandise – Higher stock values increase coverage needs.

  3. Location & crime rates – Urban or high-crime areas can raise premiums.

  4. Security systems – Discounts available for safes, alarms, and cameras.

  5. Claims history – Prior losses may increase premiums.

  6. Coverage limits & deductibles – Higher limits offer better protection but raise cost.

Pro Tip for Jewelers

Insurers often reward jewelers who invest in advanced security measures — such as UL-rated safes, alarm systems, surveillance cameras, and employee training — with policy discounts and lower premiums.

Benefits of Jewelers Block Insurance

  • Comprehensive protection for high-value items

  • Coverage worldwide, including trade shows and travel

  • Peace of mind against theft, loss, or mysterious disappearance

  • Customizable options for any jewelry business type

  • Claims support from specialists who understand the jewelry industry

Why Choose First Class Insurance

At First Class Insurance, we specialize in Jewelers Block Insurance and serve jewelry professionals across the U.S., Canada, and Latin America.

Our brokers partner with top-rated carriers, including Berkshire Hathaway (GUARD) and National Indemnity, to provide tailored protection for your business at competitive rates.

We insure:

  • Retailers and kiosks

  • Wholesalers and manufacturers

  • Designers and estate jewelers

  • Watch and precious metals dealers

With worldwide coverage, mysterious disappearance protection, and policy discounts for enhanced security, we make sure your jewelry business stays protected — no matter what.

How to Get Jewelers Block Insurance

  1. Request a Quote – Visit lightgray-raven-514153.hostingersite.com/ or call (954) 241-4680.

  2. Discuss Your Needs – Our specialists tailor coverage for your inventory and operations.

  3. Get Protected – Receive your policy and start protecting your business immediately.

Featured Snippet Summary (for SEO Rich Answer Box)

What is Jewelers Block Insurance?
Jewelers Block Insurance is specialized coverage that protects jewelry businesses against theft, loss, or damage to valuable items such as gemstones, precious metals, and finished pieces — both in-store and off-premises.

How much does Jewelers Block Insurance cost?
Costs typically range from $1,000 to $15,000 per year, depending on business size, inventory value, security systems, and location.