If you want better terms (and fewer claim headaches) under a jewellers block policy, start with the basics insurers typically ask about:
- Strong physical security,
- Clear access control, and
- Documented procedures.
The goal isn’t “fancy security”, it’s consistent security that matches how jewellery stock moves from the vault to the counter to transit.
Bite-Sized Checklist (Use This As A Quick Audit Tool):
- Strong Room / Safe: Properly anchored, key custody logged.
- CCTV Coverage: Clear cameras covering entry/exit, cash counter, vault/strong rooms; recordings retained for a reasonable period.
- Access Control: Visitor logbook, staff ID/access rules.
- Stock Handling SOP: Daily opening/closing counts, maker-checker checks for high-value items, documented handovers.
- Transit Protocol: Declared handover notes, packaging and sealing process, who carries what, and when.
- Cash Management: Cash limits, deposit frequency
- Staff Due Diligence: Background checks for key roles
- Incident Readiness: Clear “what to do first” list (inform, secure, document, report) so actions are consistent under stress.
Pro Tip For Accuracy: Don’t overstate security to get a lower premium. If a claim happens, mismatches between declared security and actual practice can delay or complicate the claim.
A jewellers block policy rewards consistent, documented security practices. By aligning daily operations with insurer expectations, jewellers can reduce premiums, protect assets, and ensure smoother claim settlements.
