Commercial Insurance

Jewellers Block Insurance

Like all traders, gold merchants are aware of the risk involved in the commodity that they trade in. Gold and jewellery, in general, attract a lot of attention and the high risk of loss and damage demands extra security. However, no matter what securities are exercised the risk of loss is not completely eliminated. This is where insurance becomes a solution for providing coverage. Under this policy the word “stock” means goods consisting of:

  • Gold
  • Jewellery
  • Platinum goods
  • Bullion
  • Precious stones
  • Pearls
The rate chargeable is always applied to the Total Sum Insured and is very dependent on the scope and extent of additional cover opted for security measures in place amongst others.