Jewellers Block Insurance: Your Ultimate Protection for Precious Assets

Protecting your jewellery business against risks like theft, robbery, and loss is crucial, especially considering that approximately 30% of household wealth in India is tied up in gold, precious stones, and jewellery. That’s where Jewellers Block Insurance comes in – offering tailored protection for jewellers and diamond traders.

Coverage:

Jewellers Block Insurance provides a broad spectrum of coverage for various risks, ensuring comprehensive protection for your business:

• Theft and Burglary: Financial losses due to theft, shoplifting, snatching, burglary, robbery, dacoity, and housebreaking are covered.
• Employee Infidelity: Coverage for losses due to dishonesty by employees and business partners.
• Fire and Natural Calamities: Protection against financial losses from fire, flood, earthquake, tsunami, storm, typhoon, and other natural disasters.
• Transit Losses: Insures valuable items lost in transit, whether through courier companies, postal services, air cargo, or other transportation methods.
• Exhibition and Repair: Covers losses incurred while jewellery is being exhibited, repaired, or cleaned.
• Terrorism and Riots: Financial losses due to terrorism, riots, and strikes are covered under this policy.
• Office Equipment and Fixtures: Protects furniture, fixtures, office machines, and other business-related equipment.

Policy Sections:

1. Section I: Covers fire, allied perils, burglary, and robbery for jewellery, cash, and valuables at the insured premises.
2. Section II: Insures jewellery and valuables in transit under the custody of the insured or their representatives.
3. Section III: Covers loss or damage to stocks in transit with third-party transporters, postal services, air freight, inland waterways, rail, or road.
4. Section IV: Protects furniture, fixtures, and office equipment against fire, allied perils, burglary, and robbery.

General Exclusions:

• Unexplained Losses: Financial losses without clear explanation or proof are not covered.
• Mysterious Disappearance: Losses under unclear or mysterious circumstances are excluded.
• Dishonesty by Customers or Traders: Losses due to dishonesty by customers or other traders are not covered.
• Unattended Stock: Losses of unattended stock are not considered valid for compensation.
• Non-Declared Items: Only items mentioned in the proposal form and used for 

For any insurance solutions, please contact Beacon Insurance Pvt Ltd at https://www.beacon.co.in/

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