Jewelry & Watch Distributor Insurance Coverage Checklist
The coverages a jewelry & watch distributor business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for fine jewelry, diamond, gemstone, and watch wholesalers. Priorities reflect typical exposure for this class; confirm against your actual stock and travel.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Jewelers Block | Covers your stock on premises, in transit, and out on memo — the core policy for this class. | Core | |
| Travel and Trade Show Coverage | Confirms stock carried by salespeople and shown at shows is covered at full value. | Core | |
| Transit / Shipping Coverage | Covers registered mail, armored carrier, and express shipments above the carrier's limited liability. | Core | |
| Memo / Consignment Coverage | Covers your goods while held by retailers on memo. | Core | |
| Crime / Employee Theft | Covers inside theft, a major source of jewelry losses. | Prevalent | |
| General Liability | Covers visitors and buyers at your premises and shows. | Prevalent | |
| Workers' Compensation | Covers employees, including salespeople injured in robberies. | Prevalent | |
| Kidnap, Ransom & Extortion | Covers threats against owners and families aimed at forcing access to stock. | Situational | |
| Cyber Liability | Covers wire fraud and customer data held online. | Situational | |
| Umbrella / Excess Liability | Adds limits over general liability. | Situational |
The coverage gap most often missed
The gap most often missed by jewelry and watch wholesalers is stock away from the safe. Block policies often set lower limits for goods carried by salespeople, shown at trade shows, or out on memo, and exclude goods left in unattended vehicles. When an armored trailer was robbed between shows in 2022, estimated losses far exceeded the values jewelers had declared. Compare your travel, show, and memo limits to the values you actually move.
Send us the checklist and we'll review your jewelry & watch distributor coverage line by line, then market it across multiple carriers that compete for your account.
Related: Jewelry & Watch Distributor & Wholesaler Insurance · Jewelry & Watch Distributor Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a jewelry & watch distributor business need?
The core coverages for a jewelry & watch distributor business are Jewelers Block, Travel and Trade Show Coverage, Transit / Shipping Coverage, Memo / Consignment Coverage. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my jewelry & watch distributor coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.