CHES Special Risk | Best Insurance Providers in Canada

  Ottawa, Ontario – CHES Special Risk Inc. today emphasized their   Jewellers Block Insurance Program   offering. “Jeweller’s Block Insurance is extremely important to any Jewellery store retailer, manufacturer or distributor handling high-value items such as jewellery, fine art, gold, silver and diamonds, as a single loss can have a dramatic impact upon the overall performance of the business, especially at this time of year when stock levels are at their highest “, said Douglas Everett, President of CHES Special Risk Inc. “CHES Special Risk Inc. has provided, for a number of years, a comprehensive broad form coverage tailored to a variety of business needs, from traditional jewellery insurance and pawnbrokers to furriers and bureau de change outlets, our Policy protects against loss or damage to an item in the stock of the Corporation and includes theft, burglary, coverage whilst in transit, or in the possession of a sales representative whilst on the road. CHES Specia...

  From hiring the best staff to reaching your coveted clientele, there are a lot of basic requirements that come with owning and running a successful Spa insurance in canada business—but arguably one of the most important is carrying the right kind of insurance. After all, the unfortunate reality is that lawsuits are fairly widespread in the industry. “Usually it’s an accusation of negligence during a service,” says Susan Etter, vice president of underwriting at Professional Program Insurance Brokerage (PPIB). Of course it’s not just litigious clients who make insurance a must. “Landlords typically require you to cover the space you lease, states require you to protect your employees, and some licensing boards require you to protect the public,” says Etter. “The biggest driver, though, should be that anyone who has put a great deal of time and money into their spa must protect this valuable asset.” Here’s how to guarantee that you’ve got the coverage you need. Primo Prot...

 A standard Jewellers Block insurance policy will provide coverage for a wide range of risks, tailored to your business. Our exclusive Jewellers Block policy is developed specifically for jewellers, and offers 100 percent Lloyds of London security with market-leading cover. Commonly covered risks include: Theft , including shoplifting, burglary and robbery Accidental damage Business interruption due to fire, robbery or other incident Property whilst it is on your premises, on loan or display in an exhibition, and in a transport vehicle. Terms and conditions apply. There are things that a policy won’t cover — like employee dishonesty or unexplained loss — but for the most part, Jewellers Block insurance can be as comprehensive as you need it to be. What if I need more cover? There are a wide range of available extensions and additional benefits for jewellers who need more cover for the unique risks they face in their business. You may want to consider additional cover if you a...

It’s a niche insurance coverage that many insurers perceive as carrying too much risk — but that doesn’t take away the need to provide coverage. And with industry experience and expertise that risk becomes manageable — and it also becomes profitable. Gary Hirst, president and CEO of CHES Special Risk, an MGA, said his insurance offering for  jewellers block insurance , furriers (fur manufacturers), and pawnbrokers has had great take-up from the targeted industries. “The reason why we’re selling  jewellers block, furriers & pawn brokers insurance   is because there’s no-one else out there offering brokers or the  jewellery stores insurance  for their risks. Basically it’s difficult and there is not a great deal of brokers or insurance markets out there with experience to offer it.” Hirst, however, used to underwrite jewellery risk as an underwriter for Lloyd’s in the London market. Continuing this for his MGA in Canada just made sense, he said. Many markets s...