Jewelers Block Insurance Program


What is the Jewelers Block Insurance Program? First Class Insurance offers the Jewelers Block Insurance Program for the Jewelry Industry. This specialty coverage can protect your inventory such as precious and semi-precious stones and precious metals from loss or damage.


Who We Insure

Property Coverage

  • Retailers
  • Wholesalers
  • Manufacturers
  • Designers
  • Estate Jewelers
  • Watch Dealers
  • Precious Metals
  • Coin Dealers
  • Owned Jewelry Stock
  • Owned Jewelry Stock by Others
  • Traveling with Jewelry Stock
  • Employee Dishonesty Coverage
  • Trade Shows
  • Building
  • Business Personal Property
  • Loss of Business Income


General Liability

  • All Owned Premises
  • All Operations – unless excluded
  • Products – Completed Operations
  • Personal and Advertising Injury
  • Medical Payments


Highlights Include

  • United States Postal Service Registered Mail

– Standard limit $100,000

  • United Stated Postal Service Express Mail

– Standard limit is $25,000

  • Travel limits to/from post office

– Same as shipping limits

  • Mysterious Disappearance

– Stated limits with full limits available by request

  • Wearing of Jewelry

– Standard limit is $25,000

  • Unattended Auto

– With approved alarm system

  • Worldwide Coverage – Appraisal Liability -No Claims Bonus


How do I obtain the Jewelers Block Insurance Program? The process is quite simple really. We don’t complicate things or make them confusing for you. With basic information about your business and security features, the application is completed (See Application Tab for Details).

We present quotes to you from available markets and let you decide how you wish to proceed. Payment can be made online and we are always available for further questions or coverage changes.

Why wait? Request a Quote Today!


Does a BOP cover jewelry?

NO! A Business Owners’ Policy or “BOP” covers your Building, Business Personal Property, and General Liability. A Jewelers Block policy would cover your inventory as jewelry.


Memo Coverage 

There are two scenarios where your insurance policy can cover this merchandise. One is considered “On-Stock taking in of Other People’s Goods” and the other is known in the insurance business as “Giving Merchandise Entrusted to Another”. Memo is basically a consignment transaction, where goods have been loaned to someone else who may be able to sell them.

If they or you can sell the items and pay the other party as previously arranged, then great! But what if something unexpected happens?

If it is your Merchandise, you can be covered in the event that the party you loaned out items to has lost or damaged them. And if you are responsible for the damage or loss caused by someone else’s Merchandise, your insurance policy may provide coverage for the goods belonging to the party that loaned it to you on Memo.

What happens if the items are lost in transit between the two “memoing” parties? Ask us about Shipping Coverage!


Preventing Theft

Preventing Theft is critical, as jewelry businesses tend to be targeted due to the high value of the items you carry. There are several key things you can do to help make your business less vulnerable to theft or robbery.

Before procuring insurance, the insurance company will want to be sure you have certain minimal security features in place. You will identify your current security setup on your application for the Jewelers Block Insurance Program. Once your policy has been bound, an inspection may be scheduled to conduct a risk assessment at your location. This is intended to identify security measures that could improve your existing security.

A Central Station Alarm and adequate safe protection are standard requirements to procure insurance. Additional security features include door buzzers, surveillance cameras with recording devices, alarm system functionality connected to your safe, UL-rated safes, and adherence to opening and closing procedures. Your insurance company typically offers discounts based on the level of security you have in place.



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