Jewellers’ Block Insurance Quote
Find out if you can get cheaper insurance today.
What is jewellers’ block insurance and why do you need it?
Jewellers’ Block Insurance is a specialist policy designed for specific commercial jewellery risks, including, but not limited to: retailers, wholesalers and manufacturers in the jewellery and watch industry. Unlike standard commercial cover, this policy is engineered to protect high-value inventory against a broad spectrum of physical loss or damage. In an industry where assets are small, portable, and of immense value, the financial consequences of a single incident can be catastrophic.
Jewellers’ Block insurance serves as a comprehensive safety net, extending beyond the limits of a standard business policy to include stock in transit and items entrusted to third parties. By addressing the specific vulnerabilities of the trade, it ensures that an accidental loss or a targeted theft does not compromise the continuity of your professional operations.
Riviera Insurance: Your Trusted Jewellers’ Block Insurance Partner in the UK
Welcome to Riviera Insurance, your reliable source for comprehensive Jewellers’ Block insurance solutions in the UK. We understand the unique challenges of the jewellery trade and the importance of safeguarding high-value assets from physical loss or damage. With our expertise in the industry and a commitment to precision, we provide cover tailored to the specific requirements of your operation. Whether you are a high street retailer, a specialist manufacturer, or a wholesale distributor, our policies are designed to ensure your business’ financial stability. At Riviera Insurance, we provide the security you need to handle, display, and transport precious goods with total confidence.
Why get jewellers’ block insurance with Riviera Insurance?
At Riviera Insurance, we provide specialist Jewellers’ Block insurance plans that go beyond standard protection. Here is why professionals across the jewellery trade trust us:
Tailored Cover: We do not believe in a one-size-fits-all approach. Our insurance experts work closely with you to create a customised plan that precisely addresses the specific risk profile of your stock and operations.
Industry Experience: With years of experience in the UK insurance market, we possess the in-depth knowledge required to identify unique trade risks and recommend the right cover to mitigate them effectively.
Excellent Customer Service: We prioritise our customers and are always available to provide support, answer queries, and assist you throughout your insurance journey.
Affordable Premiums: Our commitment to value means we offer competitive premiums without compromising on the quality of cover or the security of your assets.
What types of assets and risks can I insure?
At Riviera Insurance, we offer Jewellers’ Block cover for various situations, including:
On-Premises Stock: Protection for diamonds, gold, watches, and precious stones against theft, fire, or accidental damage whilst at your place of business.
Third-Party Entrustment: Coverage for stock entrusted to you by others for repair or valuation, as well as your own inventory held by third parties on a memorandum basis.
- Buildings: protection for your physical premises (walls, floors, fixtures/ fittings, safes etc.).
- Contents/Equipment: cover for display cabinets, tools, machinery, POS systems, office equipment.
What type of jewellers’ block insurance cover do I need?
The specific protections you require depend on your unique business operations. Common forms of cover include:
Goods in Transit: Provides protection for stock away from your premises. This includes items sent via secure courier or Royal Mail Special Delivery, and stock carried by principals or employees to trade fairs and client consultations.
Defective Title Insurance: Protects against financial loss if an item you unknowingly purchased is later discovered to be stolen or subject to a legal lien, requiring you to return the item to its rightful owner.
Exhibition and Window Display Cover: Essential for businesses with high-visibility displays. This covers items in shop windows or at industry exhibitions, including “smash and grab” incidents and accidental damage to glass or fittings.
What factors affect the cost of jewellers’ block insurance?
Several factors can impact the premium for a Jewellers’ Block policy, including:
Security Measures and Risk Profile: The quality of your physical security, such as the grade of your safes, alarm systems, and CCTV, all significantly influence your premium. Higher-risk locations or lower security specifications may attract higher costs.
Stock Values and Cover Limits: The maximum value of the stock held on your premises, or in the hands of third parties, is a primary factor. Higher cover limits for high-value items naturally result in increased premiums.
Past Claims History: A history of previous losses or theft claims can affect your perceived risk and impact premium calculations.
Business Operations and Transit: The frequency and value of goods in transit, as well as participation in trade fairs or exhibitions, will influence the overall cost based on the level of exposure away from your primary premises.
How can I get cheaper jewellers’ block insurance?
While the cost of Jewellers’ Block insurance varies depending on several factors, here are some tips to help you secure affordable premiums:
Security Upgrades: Implement robust security measures, such as installing high-grade safes and police-monitored alarm systems. Demonstrating a commitment to risk mitigation can often result in lower premiums.
Voluntary Excess: Opt for a higher voluntary excess (the amount you pay towards a claim), which can significantly reduce your annual premium.
Accurate Stock Valuations: Regularly review your stock levels to ensure you are not over-insured. Maintaining an accurate inventory allows you to pay for the exact level of cover your business requires.
Staff Training: Evidence of staff training in “smash and grab” prevention and secure handling procedures can improve your risk profile in the eyes of underwriters.
What do I need to get a jewellers’ block insurance quote?
Getting a quote with Riviera Insurance is straightforward. To provide an accurate assessment, we require specific details regarding your inventory and security protocols. Be prepared to share information including:
Stock Values: The maximum and average value of stock held on your premises, including a breakdown of high-value items such as loose stones or luxury watches.
Security Specifications: Details of your physical protections, including the make and grade of your safe, alarm system certifications (such as NSI or SSAIB), and CCTV coverage.
Business Operations: Information on your annual turnover, the nature of your trade (retail, wholesale, or manufacturing), and details of any “memo” or consignment stock.
Transit and Travel: Estimates of the frequency and value of goods sent via post or courier, as well as any planned attendance at trade fairs or exhibitions.
Rest assured that our experienced team will guide you through the process, ensuring we identify the specific cover options that suit your unique requirements.
Jewellers’ block insurance optional upgrades and add-ons:
Enhance your Jewellers’ Block cover with our optional upgrades and add-ons. These may include:
Public and Product Liability: Specifically tailored for the jewellery trade, this covers claims for third-party injury or property damage, including reactions to metals or stones in the products you sell or manufacture.
Cyber Liability Insurance: Essential for businesses with an online presence or those storing sensitive client data, providing protection against data breaches, ransom attacks, and cyber-attacks.
Business Interruption Cover: Protection against the loss of income resulting from a covered incident, such as a fire or major theft, anything that may prevent your business from operating as usual.
Download our FREE app
At Riviera Insurance, we want to help you. That is why we have developed the Riviera Insurance App to help you easily upload documents, view your documents, report claims and much more.
Our reviews
Discover what our satisfied clients have to say about their experience with Riviera Insurance. Read their genuine reviews and gain confidence in choosing us as your liability insurance provider.
Secure your peace of mind today with comprehensive liability insurance from Riviera Insurance. Reach out to us for a quote and let our team of experts safeguard your future.
& Clearly much better than all the rest!
Very pleased with the quotation I received renewed again this year
Customer service is streets ahead polite, courteous and if they say they will call you back … surprise surprise they actually do- unlike most others
All in all very happy
& Clearly much better than all the rest!
Very pleased with the quotation I received renewed again this year
Customer service is streets ahead polite, courteous and if they say they will call you back … surprise surprise they actually do- unlike most others
All in all very happy
Very Happy with the whole process.
Very Happy with the whole process.
Riviera Insurance stands out as an affordable and reliable car insurance provider. They offer competitive rates, transparent policies, and excellent customer service. With a range of coverage options to suit different needs and budgets, Riviera Insurance ensures you can find the right policy. Their responsive customer service and convenient online tools make managing your policy hassle-free. For affordable and trustworthy car insurance, choose Riviera Insurance.
Riviera Insurance stands out as an affordable and reliable car insurance provider. They offer competitive rates, transparent policies, and excellent customer service. With a range of coverage options to suit different needs and budgets, Riviera Insurance ensures you can find the right policy. Their responsive customer service and convenient online tools make managing your policy hassle-free. For affordable and trustworthy car insurance, choose Riviera Insurance.
I am absolutely delighted with the service I received and also the price I paid, BMW quoted me a figure that was 5 times higher than the amount I paid Riviera for effectively the same product. So for anyone looking for Gap cover all I can say is give Duncan a ring and you won't be disappointed !!
I am absolutely delighted with the service I received and also the price I paid, BMW quoted me a figure that was 5 times higher than the amount I paid Riviera for effectively the same product. So for anyone looking for Gap cover all I can say is give Duncan a ring and you won't be disappointed !!
Keep the good work!
Keep the good work!
Frequently asked questions
Jewellers’ Block insurance is a specialist type of cover that protects individuals and businesses in the jewellery trade from financial losses arising from physical loss or damage to high-value inventory. Unlike standard commercial policies, it is designed to address the specific risks of the industry, including theft, accidental damage, and stock held on consignment or in transit.
Jewellers’ Block insurance generally covers the financial loss associated with the physical loss, damage, or theft of high-value stock. This includes the cost of replacing inventory, such as precious metals, gemstones, and watches as well as legal expenses related to defective title claims or the loss of goods entrusted to your care.
Generic commercial insurance is designed for standard businesses and typically provides limited cover for high-value, portable stock. In contrast, Jewellers’ Block Insurance from Riviera Insurance is a specialist policy tailored to the unique risks of the jewellery trade, offering broader protection for high-concentration assets that standard policies often exclude.
While Jewellers’ Block insurance is not a legal requirement in the UK, it is considered essential for anyone operating within the trade. Given the high value and portable nature of jewellery stock, the financial impact of a single loss can be insurmountable without specialist cover. Most trade bodies, professional associations, and high-street landlords will strongly recommend or require this level of protection to ensure your business remains resilient.
No, Jewellers’ Block insurance does not cover intentional acts, fraud, or criminal activities committed by the policyholder or their employees. The policy is designed to protect against external criminal threats—such as robbery or burglary—and accidental loss or damage, rather than dishonest acts originating from within the business.
Yes, Jewellers’ Block insurance is frequently available as a standalone policy, focusing exclusively on the protection of high-value inventory and stock. However, many trade professionals choose to integrate it into a Commercial Combined or Jewellers’ Package policy. This allows you to group your stock cover with other essential business protections, such as buildings, contents, and public liability into a single, comprehensive plan.
Other products that we offer…
Big enough to save, small enough to care.
Our staff are empowered to contact insurance companies and underwriters on your behalf, providing a truly personal service across the UK – with no call centres. We take the time to understand your insurance needs to find you the most suitable policy at a competitive price.
With a range of optional extras available, you can tailor your cover to suit your needs and budget. Finding cheap insurance has never been simpler. If you are local to Torbay, you can even pop in to our high street office on Union Street in Torquay and arrange your insurance with us in person.
