Jewelers' Block Insurance for Your Business

Find dependable coverage for your jewelry business.

Specialized Business Insurance for Jewelry Stores

If you own a jewelry store, you face a particular challenge in insurance that most retail stores don't contend with. You can seek out basic coverage through business owners insurance, but many policies exclude gems or precious metals. This is where jewelers' block insurance comes in handy.
Jewelry retailers, wholesalers, and manufacturers face an increased risk of loss or damage because their primary merchandise is highly valuable and easily portable.

A Business Insurance Portfolio Built for Your Industry

Our jewelry store insurance products include all the basic business insurance policies – plus the specialty jewelers' block insurance that is an industry must-have.
  • Jewelers' block insurance: covers damage or loss to high-value merchandise
  • Business owners insurance: cost-efficient policy for general liability and commercial property
  • Equipment breakdown insurance: insure repairs for expensive machinery for design or cleaning
  • Crime insurance: protect against theft and employee dishonesty
  • Workers’ compensation: required coverage for your employees in the event of illness or injury
  • Employment practices liability: protection from employment-related lawsuits
  • Commercial umbrella liability: excess liability as a safeguard in the event of extreme loss
Get a customized insurance plan from an insurance agent familiar with your industry needs. Our agents work with specialty insurance companies to offer you competitive rates on jewelers' block insurance and your other commercial policies.
Watches on display in store

No Gaps In Coverage With Jewelers' Block Insurance

Whether you specialize in antique jewelry or custom-made pieces, gold bracelets or diamond rings, property damage or loss could be extremely detrimental to your business.

For example, your truck of merchandise is burglarized before a trade show event. Or, consider if an employee was undervaluing gold for a cash payoff or embezzling cash and merchandise from your business. Traditional commercial policies for vehicles or crime may exclude jewelry or have coverage limits that do not come close to meeting the value of your merchandise.

Jewelers' block insurance was specifically created to close the gaps in coverage jewelry business owners may face with traditional commercial insurance policies.
Couple looking at watches in jewelry store

What is jewelers' block insurance?

Jeweler's block insurance is a specialty type of inland marine insurance. This is insurance coverage for highly valuable, portable items necessary to your business. The benefit of inland marine and jewelers' block insurance is that it usually offers all risks coverage rather than named peril.

Named peril coverage would mean your insurance policy only covered events stated in the policy, like fire, theft, vandalism, etc. All risks coverage means all losses are covered unless written as an exception. This broader coverage is preferred for the jewelry industry.

Jewelers’ block insurance offers much higher limits than inland marine policies and offers better coverage to your jewelry business.
Jeweler inspecting diamond ring

Which businesses need jewelers' block insurance?

Any business dealing with high-value jewelry merchandise such as engagement rings, diamonds, pearl necklaces, gold bracelets, precious metals, custom-made pieces, and more should consider jewelers’ block insurance.

This can include businesses like:

  • Retailers
  • Wholesalers
  • Manufacturers
  • Pawnshop brokers
Pile of gold jewelry on top of one hundred dollar bill

How much does jewelry store insurance cost?

The cost of your insurance will depend on several factors, including your location and claim history.

Because of the high risk of your industry, insurance companies also consider:

  • Security measures
  • Value of your merchandise
  • Risk management guidelines
  • Anti-theft protocols
Some companies may require certain risk management guidelines be met before they agree to insure you. Others may offer discounts for more strict security measures. Our insurance agents are able to shop policies to find the best insurance plan for your business.

Do you have a question about jewelers' block insurance?

Our agents are ready to answer any of your questions.
Guardian Insurance Group is an independent insurance agency that serves customers in Tennessee, Arkansas, and Mississippi. They offer a wide range of personal and commercial insurance products, including auto, home, and business insurance.

Guardian Insurance Group is committed to providing clients with the best possible service. They have a team of experienced and knowledgeable agents who are dedicated to helping their customers find the right insurance coverage for their needs. Guardian Insurance Group also offers a variety of online resources to help their customers manage their insurance policies.

In 2022, Guardian Insurance Group was voted in the top three for Best Insurance Agency by the DeSoto Times-Tribune. This award is a testament to the hard work and dedication of the agency's team. Guardian Insurance Group has locations in Memphis, TN, Southaven, MS and Byhalia, MS and is committed to providing clients with the personalized and unique service they deserve.
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