Product Q&A: Jewellers Block Insurance

​We interviewed our Founding Director, Alex Thornton, about our Jewellers Block insurance. We asked him what the cover consists of, what to consider when placing Jewellers Block insurance and what Quantum can provide. Read it here...

​​What does Jewellers Block insurance cover?

Jewellers Block is for all types of jewellery businesses including retailers, wholesalers and manufacturers. 

It covers their stock, goods in trust, money, contents, tools and equipment, public liability and business interruption. Stock, goods in trust and money are covered at the premises and in transit if required. View our Jewellers Block brochure.

​What are five key considerations when placing Jewellers Block insurance?

 Jewellers are often victims of crime, sometimes violent. The first consideration is always the safety of the insured and their employees. The broker who approaches their client with this in mind has a head start. A jeweller who puts security and safety first is also a good insurance risk. 

The second is protecting their assets as completely as possible. The jewellers block policy is a complex product covering many different aspects of the jewellery trade and it needs to be tailored to the individual client. Quantum is always happy to work with our brokers to ensure they understand the policy and to find the best cover for the right price. View our Jewellers Block proposal form.

And this brings us to the third consideration - price.  Many jewellers are extremely price sensitive and will often try to cut cover to keep the costs down, only to be sorry when the claim happens and they find they are under-insured.​ 

​​​Finding the right cover at the best price rather than inadequate cover at the lowest price is important. 

​The fourth consideration is claims. Quantum prides itself on its claims service, with local claims handling and payment for most claims.

The final consideration is service. Insurance is often the last thing on a jeweller’s mind and they frequently leave it until the very last minute to request an extension of cover for that special event or large transit.

Quantum has binding authority and can agree ‘Friday Specials’ without having to refer to London, so we can give you, our broker and your client a truly local service.​

What can Quantum provide?

• The best cover at a competitive price
• Local service and claims handling. 
• Expert guidance and support for brokers

For more information about our Jewellers Block policy:

• Contact one of our specialist underwriters today
• View or download our Jewellers Block brochure
• View or download our Jewellers Block proposal form