Jewellers, Watchmakers & Precious Goods
Jewellery Insurance NZ
Jewellery is a specialist class — for jewellers, retailers, manufacturers, wholesalers, repairers and businesses holding customers' goods. Cover is structured around security, valuation, territory and how stock moves through the business.
Why Jewellers Need Specialist Insurance
Jewellery businesses hold high concentrations of valuable stock in compact spaces, creating a unique risk profile. A single theft, fire, or transit loss can devastate the business. Standard commercial policies have sub-limits and exclusions that leave jewellers significantly underinsured. Jewellers block insurance is a specialist all-risks policy designed specifically for the jewellery trade — covering stock-in-trade, work in progress, customer goods, transit, and exhibition risks under a single programme.
What We Cover
Our jewellers block programmes cover the full spectrum of risks faced by jewellery businesses — from workshop to showroom to exhibition.
Cover Types
Who Is This For?
Why Exclusive Insurance Services?
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What Insurers Typically Need
Information an insurer may require
Underwriters generally ask for the following when quoting or renewing this class of risk. Being ready with accurate information usually improves outcomes on price and wording.
Type of operation (retail, manufacturer, wholesaler, repairer, valuer, pawnbroker)
Stock at premises (declared vs. average), stock at exhibitions, stock in transit
Customers' goods held on premises for repair, valuation or consignment
Security: safe/vault rating, alarm grade and monitoring, CCTV, out-of-hours storage
Territory (NZ only, Australia, international) and details of couriers used
Sending-away arrangements — insured value, method, tracking
Prior claims (armed robbery, break-in, transit loss, employee dishonesty)
When Something Happens
Claims considerations
We help manage the claims process from notification through to settlement, coordinating with you, the insurer and other parties involved and advocating for your interests throughout. Things that commonly affect a claim in this area:
Compliance with the policy's security warranties (alarm on, safe locked, staff vetting) is decisive at claim time.
Transit and sending-away claims turn on whether cover was in force for that specific movement — check limits and territory before every dispatch.
Losses at unattended vehicles are commonly excluded or heavily limited; understand this before parking with stock.
Customers' goods claims require accurate records of items held, values and consignment paperwork.
Crime / fidelity claims (employee dishonesty) require prompt reporting; delays materially affect insurer response.
Cyber and POS-related claims (skimming, ransomware on stock management systems) are handled under a separate cyber programme.
Frequently Asked Questions
What is jewellers block insurance?
Jewellers block is a specialist all-risks policy covering a jeweller's entire stock — in the shop, in the safe, in transit, and at exhibitions. It covers your own stock, customer goods in your care, and work in progress. Standard commercial policies have sub-limits that don't adequately protect jewellers.
Does jewellers block cover customer goods?
Yes. Jewellers block covers goods belonging to customers that are in your care, custody, or control — whether for repair, valuation, or consignment sale. This is one of the key benefits over standard commercial insurance.
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About this page
Reviewed by Adi Sehgal
Verified adviserDirector & Principal Adviser
This page is general information about the class of cover. Actual cover, terms, premiums, limits, exclusions and eligibility vary by insurer, policy wording, underwriting decision and individual client circumstances. Nothing on this page constitutes personalised financial advice.