Beacon

Jewellors Block Policy has been drafted to provide single window solution for business enterprises involved in sale, purchase, storing and processing activities of jewelry, gold or silver ornaments, pearls and precious stones, gems and other  valuable metals/materials. Apart from main subject of the insurance i.e. gold, diamonds and jewellery, it also covers various other properties, like contents comprising furniture, fixtures, interior decorations, documents, personal effects, building, accidental death / disablement risks for employees, glass and sanitary fittings against breakage, liability risk towards public and employees, money in transit and at premises, electronic equipments, neon signs, hoardings and trade equipments. To provide coverage for different risks, the Policy has been conveniently divided into sub-sections.

This Section basically covers the risk of stocks which are main subject matter of insurance like Jewellory, Gold, Gems, Precious Stones, Diamonds etc, both at premises and outside the premises held in custody of their own employees, partners, directors, brokers, agents and also whilst in  transit by Air freight, Angadia and Registered Post Parcel.

SECTION  1. This section covers stock of gold, silver, diamonds and such other goods kept at the business premises.

COVERAGE. Damage to property by Fire, Explosion, Lightning, Burglary, House-breaking, Theft, Hold-up, Robbery, Riot-strike and Malicious Damage.

SECTION  2. This section covers property in custody of Insured, his partners, employees, directors or constituted

attorneys and in custody of persons not in regular employment of Insured such as brokers, cutters,

agents or gold smiths. This does not cover cash or currency notes.

COVERAGE..Damage to property whilst in transit or being carried outside the insured premises for the

purpose of  Insured’s business by any cause except as excluded specifically.

SECTION  3. This section covers property excluding cash and currency notes whilst in transit by Registered Post

parcel / Air Freight / Angadia.

COVERAGE. Damage to property whilst in transit or being carried outside the insured premises for the

purpose of  Insured’s business by any cause except as excluded specifically.

SECTION  4. This section covers property like Furniture, Fixture, Fittings, Trade Equipments and Building.

COVERAGE. Damage to Property by Fire, Explosion, Lightning, Burglary, House-breaking, Theft,

Hold-up, Robbery, Riot-Strike and Malicious Damage.

VALUATION OF PROPERTY. The valuation of property may be on book value basis or market value basis depending upon the choice of proposer.

ADD ON COVERS : Following add-on covers are available on payment of additional premium.

• Exhibition Risk.
• Sister concern or group of company extension.
• Additional Inventory cover during peak festival season.
• Property in Display Window.
• Extension of Window Smash Limit.
• Public Liability.
• Fidelity Guarantee.
• Money in Transit.
• Business Interruption.
• Plate Glass.
• Electronic Equipments.
• Neon Sign Board.
• Workmen Compensation.
• Boiler Explosion.
• Shop Lifting.

This policy is a perfect solution to take care of all contingencies which a common Jeweller would face while running his daily business.