Ideal Accounts and Appetite
This program is ideal for a wide range of jewelry-related businesses, including:
- Retail jewelry stores
- Fine jewelry designers and custom jewelers
- Wholesale and manufacturing jewelers
- Appraisers and repair shops
- Coin dealers and private collectors
- Fine arts and sports memorabilia dealers
You might have a client who operates a high-value retail jewelry store with frequent trade show participation, or a custom jeweler sending pieces across the country. These are the types of accounts this program is designed to protect.
Coverage Highlights and Advantages
The Jeweler's Block / Retail Elite Insurance Program offers broad and flexible coverage, including but not limited to:
- Stock Coverage limits up to $2,000,000 (higher limits available)
- Property in transit by First Class or Registered Mail
- Coverage for transit by armored car service
- Safe Deposit/Vault (SDV) coverage
- Property temporarily at dealers, jobbers, or manufacturers for repair
- Coverage for property in the custody of salespeople or selling agents
- Transit by customer parcel delivery services
- Trade show, travel, and exhibition coverage
- Money in a locked safe
- Coverage for patterns, molds, models, and dies
- Improvements and betterments made to premises
- Business personal property (BPP) such as furniture, fixtures, and equipment, including wind coverage
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on the nature, size, and location of the business. Each submission is individually underwritten to ensure tailored protection that fits the client’s specific exposures. Additional underwriting consideration may apply for high-value schedules or clients with travel and exhibition risk.
Territories and Availability
This program is available on a non-admitted basis in most U.S. states, including but not limited to FL, GA, TX, NY, CA, and over 45 others. Advanced E&S Group works with various carriers to provide access to competitive markets across these territories.
Why Work With Advanced E&S Group
As a Managing General Agency (MGA) with deep experience in specialty risks, Advanced E&S Group brings underwriting expertise and market access that independent agents and brokers can rely on. Their Jeweler's Block / Retail Elite Program is structured to address the niche needs of high-value and mobile inventory, offering flexibility and protection that standard property policies often lack.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for retail jewelers, custom designers, wholesalers, manufacturers, and specialty dealers such as coin or memorabilia shops.
Is this program available in all states?
The program is available in most U.S. states on a non-admitted basis, including FL, TX, CA, NY, and many others.
What is the minimum premium for coverage?
Minimum premiums vary based on the type, size, and exposures of the account. Submissions are individually underwritten.
Does the policy cover jewelry in transit?
Yes, the program provides coverage for property in transit via registered mail, armored car, and customer parcel delivery services.
Can this program accommodate clients with trade show exposure?
Yes, trade show, travel, and exhibition coverage is included, making it suitable for clients who regularly attend events.
Need help placing an account? Connect with a market specialist.