Jewelers Block
Burns & Wilcox now ranks as North America's largest and most capable independently owned insurance wholesaler.
- (
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independent insurance agents, insurance company, vacant building, environmental, personal umbrella, professional liability,
professional liabilities, errors and omissions, miscellaneous errors and omissions,jewelers block,
high value homeowner, umbrella excess, employment practices liability, director and officers,director and officers insurance
- 11/20/2008 12:00:00 AM)
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The lure of free diamonds and gold is just too tempting for some. That’s why your
clients need the best Jewelers Block coverage. Call Burns & Wilcox and we’ll
tempt you with great rates, flexible coverages, plus a quick turn-around. That combination
and our professional service has made us the largest independently owned insurance
wholesaler in the United States, with more than 30 offices nationwide. Trust Burns
& Wilcox, your specialty insurance professionals.
Jewelers Block Guidelines
- Covers wholesalers, manufacturers, repairers, retailers & pawnbrokers
- Can quote stock limits as high as $1,750,000
- Two employees on premises while open and opening/closing, mandatory on
all retail risks, policy warranty
- Minimum security requirements, policy warranties:
1. Risks with over $250,000 in stock must have:
- TL30 safe
- AA2 alarm or equivalent
- Three employees in the store at all times when open
- Two panic/hold-up buttons
2. Risks with over $500,000 in stock must have:
- TL30 safe
- AA2 alarm or equivalent
- Four employees in the store at all times when open
- Four panic/hold-up buttons
- Entrance of the store must be controlled by a buzzer system
activated by the store employees
3. Risks with over $1,000,000 in stock must have an alarm system on the
safe that will activate if the safe is opened under duress during open hours
- Inspections are required on every new business risk and every three years on
renewal business
- Minimum premium $1,250
- Minimum deductibles $1,000
- All risk coverage form – ACV excluding employee dishonesty, loss of
market, war, earthquake, flood, transit unless specifically endorsed, breakage
except for named perils, installment plans, jewelry worn by assured/agents of,
unattended vehicles, show windows unless specifically endorsed, mysterious
disappearance, exhibitions unless specifically endorsed.
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