Insurer to jewelry businesses assures customers of coverage and shares security advice for the jewelry industry amid nationwide unrest
Active riots and protests have left some jewelry businesses vulnerable. While jewelers’ safety is the primary concern at this time, Jewelers Mutual Group is confirms for its customers their policies cover losses related to vandalism, rioting and looting.
“When it comes to events like this, there is a significant amount of protection from Jewelers Mutual,” said Jamie Luce, Jewelers Mutual executive vice president of commercial lines.
To assist jewelers in taking the highest level of precaution should a situation arise in their area, Jewelers Mutual put together resources to help them stay secure. These resources include: security advice for jewelers’ inventory and building, how to address damages should they occur, and filing a claim if there is a loss.
In addition to the resources available, Larry Spicer, Jewelers Mutual vice president of loss prevention and risk management, discusses security precautions to take prior to any disturbance and what to do if something were to happen.
“Act calmly. Don’t wait until the last minute to act if you and your business are in harm’s way,” said Spicer. “Do not attempt to defend your store; the safety of your life is most important.”
For more tips, watch this video here.
Along with security measures, Jewelers Mutual understands this is a stressful time for many. The company's RELI(E)VE program connects their commercial policyholders with a professional counselor at no cost.
Above all, the personal safety of the jewelers, associates and families is paramount.
About Jewelers Mutual Group
The Jewelers Mutual Group was founded in 1913 by a group of Wisconsin jewelers to meet their unique insurance needs. Today, Jewelers Mutual offers products and services nationwide and throughout Canada that enable jewelry businesses to run safe, secure, and successful operations. Consumers also put their trust in Jewelers Mutual to protect their personal jewelry and the special moments it represents. The group's strong financial position is reflected in its 33 consecutive ratings of "A+ Superior" from A.M. Best Company. For more information, please visit www.jewelersmutual.com.
