Klamath Insurance Center, Inc Blog
Owning expensive and rare jewelry pieces are something you may take pride and, undoubtedly, aim to protect this kind of possession. There is protection available for any priced jewelry possession; whether it is a hair accessory or a ring that had been passed on for generations in the family, a jewelry piece given by your lover, and especially if you made it into a business.
A business owner should consider the following coverage before putting up a jewelry store:
Jewelry Store General Liability Insurance
From its name, this general liability insurance includes basic coverage; protection for the building, products, and the services you provide. This insurance covers you from accidents like damaging a customer’s accessory instead of repairing it.
Since this general liability insurance also covers premises and location liability, it could also help you with some injuries or damages that may occur within the store premise, as the customer got tripped on the uneven floor and others.
Commercial Auto Insurance for Jewelry Business
Auto insurance is a necessity, mainly if it is for business purposes. It covers costs from accidents while driving to make bank deposits or delivery of materials and products which results in the collision as well as property or vehicle damage. Commercial auto insurances usually cover vandalism and theft too.
Cyber Liability Insurance
In this generation, technology is in a trend; that’s why CCTV cameras, data protection, and other security should be present in a business. However, there are still various crimes happening, especially in an industry that are using the internet; commonly known as “cybercrime.” This cyber liability insurance would protect your jewelry business when someone hacks the company database, and steal the customers’ personal and financial information, that might lead to bankruptcy and getting sued by customers.
Running a small jewelry business would make you think sooner or later that you need to have protection for you, your clients, and your jewelry business. Be knowledgeable about what business insurance a jewelry store should have and get it before uncanny incidents happen. Whether your business is existing or starting, invest in protection that provides primary coverage then apply additional policies to make your jewelry business fully protected.
At Klamath Insurance Center, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (541) 882-5555 or Click Here to request a free quote.