The lure of free diamonds and gold is just too tempting for some. That’s why your
clients need the best Jewelers Block coverage. Call Burns & Wilcox and we’ll
tempt you with great rates, flexible coverages, plus a quick turn-around. That
combination and our professional service has made us the largest independently
owned insurance wholesaler in the United States, with more than 30 offices nationwide.
Trust Burns & Wilcox, your specialty insurance professionals.
Jewelers Block Guidelines
- Covers wholesalers, manufacturers, repairers, retailers & pawnbrokers
- Can quote stock limits as high as $1,750,000
- Two employees on premises while open and opening/closing, mandatory on all
retail risks, policy warranty
- Minimum security requirements, policy warranties:
- Risks with over $250,000 in stock must have:
- TL30 safe
- AA2 alarm or equivalent
- Three employees in the store at all times when open
- Two panic/hold-up buttons
- Risks with over $500,000 in stock must have:
- TL30 safe
- AA2 alarm or equivalent
- Four employees in the store at all times when open
- Four panic/hold-up buttons
- Entrance of the store must be controlled by a buzzer system
activated by the store employees
- Risks with over $1,000,000 in stock must have an alarm system on the
safe that will activate if the safe is opened under duress during open hours
- Inspections are required on every new business risk and every three years
on renewal business
- Minimum premium $1,250
- Minimum deductibles $1,000
- All risk coverage form – ACV excluding employee dishonesty, loss of market,
war, earthquake, flood, transit unless specifically endorsed, breakage except
for named perils, installment plans, jewelry worn by assured/agents of,
unattended vehicles, show windows unless specifically endorsed, mysterious
disappearance, exhibitions unless specifically endorsed.
Applications