Jewelers Block Insurance
Jewelers block is the signature policy of the jewelry trade. It's an all-risk inland marine coverage that protects your stock of gems, precious metals, and watches wherever it is — in your showcases, in the safe, in transit, and even on memo from a vendor.
Jewelers Block Insurance Explained
Jewelers block is the specialty policy built specifically for the jewelry industry. Standard business property policies cap "money and securities" and high-value stock at a few thousand dollars — nowhere near the value sitting in your cases and safe. Jewelers block fills that gap with all-risk coverage on your entire inventory.
What Jewelers Block Covers
- Your stock: Loose diamonds, colored gemstones, finished jewelry, gold and precious metals, and watches
- Theft, burglary & robbery: Including armed robbery, smash-and-grab, and safe burglary
- Mysterious disappearance: Unexplained inventory loss that can't be attributed to a specific event
- Property in transit: Stock you carry or ship to trade shows, gem buying trips, and customers
- Goods on memo / consignment: Inventory you hold from vendors and other jewelers
- Property off premises: Items in a bank vault, with a contractor, or being repaired off-site
Why Standard Policies Aren't Enough
A typical Businessowners Policy (BOP) limits theft of jewelry to as little as $2,500–$5,000. For a store carrying six or seven figures of inventory, that leaves you almost entirely exposed. Jewelers block is rated specifically on your stock values, protective safeguards, and location — and it's the coverage carriers like Jewelers Mutual built their business around.
How Premiums Are Set
Carriers look at your total inventory value, the percentage kept in the safe overnight, your alarm and safe ratings (UL TL-15 / TL-30), window display limits, and your location's crime profile. Strong physical safeguards and Jewelers Security Alliance (JSA) best practices directly lower your rate.
What's Covered
Frequently Asked Questions
Jewelers block is an all-risk inland marine policy designed for the jewelry trade. It covers your stock of gems, precious metals, and watches against theft, burglary, robbery, and mysterious disappearance — on premises, in transit, and on memo. It's far broader than the jewelry sub-limit on a standard business policy.
Yes. Jewelers block includes property in transit and off premises, which covers stock you carry to trade shows, gem buying trips, and appraisal appointments — subject to the transit and out-of-safe limits scheduled on your policy.