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.