Beazley Jewellers Block factsheet · Beazley Jewellers Block Beazley Group Plantation Place South...
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Beazley Jewellers Block At the forefront of insuring wholesale and retail jewellers for over two decades.
Transcript of Beazley Jewellers Block factsheet · Beazley Jewellers Block Beazley Group Plantation Place South...
BeazleyJewellers Block
At the forefront of insuring wholesale and retail jewellers for over two decades.
BeazleyJewellers Block
Beazley’s market leading position in jewellers block is built on strong long-term relationships with our broker partners coupled with experience gained in writing this complex class of business for over two decades.
Our team underwrites all aspects of the jewellery trade, including wholesale, retail and manufacturing, along with associated trades such as pawnbrokers, art dealers and galleries.
At the forefront of risk managementOur service goes beyond quick and fair settlement of claims. We understand the distress and disruption that a loss brings. For clients, an important attraction of Beazley’s service is the very detailed advice on security that they receive with the cover.
This includes embracing the latest technologies to enhance security and reduce the likelihood of theft, such as smoke generating systems, ‘smart water’, security glazing, locks, alarm sensors and multi path signalling.
We also utilise specialist surveyors, security consultants and trade associations unique to each country, providing expert risk management advice to the policyholders.
A global leader We insure a substantial proportion of the jewellery trade in the UK, as well as significant portfolios in the US, Europe, South America, Asia and Australia.
From small and medium enterprises to large multinationals, we adapt our products to the local needs.
CoverThe core products cover risks of direct physical loss or damage to stock, including, if required, while in transit away from the premises.
Depending on the territory, cover may be extended to include general business contents, glass, buildings, exhibitions/shows and loss of profits on a fire and perils basis.
LimitsUp to $10,000,000.
Further increases are available as special acceptance – excluding third party liability and employers liability.
Target market• Jewellers block – retailers, wholesalers, manufacturers and pawnbrokers
• Art and antique dealers
• Fine art – both private collections and commercial
• Private jewellery and collections
• Coin and stamp dealers – both private collections and commercial
• Gun dealers
• Auctioneers
• General specie excluding cash in transit.
After the heistHowever innovative the technology deployed, jewellers’ premises will continue to be attractive targets for theft for obvious reasons. We were able to show the value of our claims service in April 2015 when, following an audacious heist in Hatton Garden, the centre of London’s jewellery trade, we rapidly settled our policyholders’ claims.
The feedback from one of our policyholders speaks for itself:
“Given that barely a month has passed since the robbery, with police officers still on scene, I cannot help but to say how impressed my team and myself are with the speediness of this settlement.”
“Perhaps just as notable is the very way in which you fielded our claim. It was clear that far from raising delaying tactics or being ‘out to get us’ so to speak, you displayed understanding and a clear readiness to move forward.”
“On a personal note I thank God for giving me the sense to have taken out a proper insure policy – and with a proper insurance company!”
www.beazley.com/property
The value of insuranceSome deposit holders at the Hatton Garden safe deposit facility in London did not purchase insurance in the belief that the facility was impregnable. They were wrong.
BeazleyJewellers Block
Beazley GroupPlantation Place South60 Great Tower StreetLondon EC3R 5ADUnited Kingdom
T +44 (0)20 7667 0623F +44 (0)20 7674 7100
www.beazley.com/property
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The descriptions contained in this factsheet are for preliminary informational purposes only. Coverages are underwritten by Beazley syndicates at Lloyd’s and will vary depending on individual country law requirements and may be unavailable in some countries. Coverages are available in the US only on a surplus lines basis through licensed surplus lines brokers. The exact coverage afforded by the product(s) described in this factsheet is subject to and governed by the terms and conditions of each policy issued. The publication and delivery of the information contained herein is not intended as a solicitation for the purchase of insurance on any US risk.
Contact us
Simon Aitchison Senior underwriter T +44 (0)20 7674 7297 [email protected]
Bruce Davis Underwriter T +44 (0)20 7674 7058 [email protected]
Chris Spencer Underwriter T +44 (0)20 7674 7449 [email protected]
Jonathan Brett Claims manager T +44 (0)20 7674 7173 [email protected]
