Nuts & Bolts: Neenah, Wis.-based Jewelers Mutual Insurance Co. launched a new lower-cost insurance policy and an assortment of coverage options specifically tailored for manufacturers, retailers, wholesalers and specialty jewelry businesses. An alternative to the Jewelers Block, the new Jewelers standard policy covers inventory of jewelry stock for sale; customers’ property on a primary basis (from those not in the jewelry industry); and property of others in the jewelry business. The new policy is aimed at smaller jewelers in safer areas.
Jewelers Mutual is also launching four new coverage options, one each for manufacturers, retailers, wholesalers, and specialty businesses such as appraisers, custom designers, and repairers. The new coverage options expand the businessowners policy and the company’s package policies. For example, the manufacturer’s enhancement option increases coverage for patterns, dies, molds, and forms. The wholesaler and manufacturer options include coverage for contract penalty. The retailer’s enhancement increases the limit for lock replacements.
Dollars: Premiums vary based on several factors such as limit of insurance and location. This policy is for jewelry businesses that have property limits up to $250,000.
Carrier: Jewelers Mutual rated “A+” by A.M. Best, admitted.
States Available: All states.
Contact: (800) 558-6411, marketing@jminsure.com or www.jewelersmutual.com.
Topics Manufacturing
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