CHES Special Risk | Best Insurance Providers in Canada

  Insurance can be confusing. The insurance industry uses a lot of specific jargon that you likely do not use on a regular basis. (Deductibles, and premiums, and claims! Oh, my!) Don't let these unknowns steer you in the wrong direction. Let's clear up some of these gray areas - right here, right now. We want you to feel as confident as possible that you're choosing the best jewellers insurance plan for you. Here are common questions regarding jewellery insurance canada deductibles. What is an Insurance Deductible? A deductible is the amount of money you have to pay out-of-pocket when you file a claim for jewelry damage, theft or loss. After the deductible is met, your insurance company pays their portion to cover the cost for your jeweler to repair or replace your jewelry with the same kind and quality as the original. Deductibles are easily confused with premiums . Your premium is the set amount you pay each year to maintain your insurance coverage. You pay this portio...

  Pawn broker and jewellers block insurance as provided by CHES Special Risk Inc. combines their product offering with their on-line risk management tool. 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 stores and pawnbrokers to furriers and bureau de change outlets, our jewellers insurance policy protects against loss or damage to an ite...

  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 Pawn Shop Insurance in canada brokers has had great take-up from the targeted industries. “The reason why we’re selling  jewellers insurance , furrier insurance , and pawnbrokers block 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 ...

  Jewellery firms beware. Cases of logistics company officials decamping with precious cargo while in transit or goods disappearing while left unattended by a logistics provider are not covered under the jewellers block insurance  policy, which covers transit related risk like theft, robbery, burglary, etc. This was evident when a logistics company official last week ran away with 11 kg of gold jewellery worth Rs 3.5 crore. “The owner of the jewellery firm was entertained neither by the insurance company nor the logistics provider,” said Surendra Mehta, national secretary, India Bullion & Jewellers Association (IBJA). While the police recovered 10 of the 11 kg, the news of jewellers insurance policy not covering “infidelity” — dishonesty by logistics company employees and /or gross negligence of logistics companies — loss due to unattended vehicles, mysterious disappearance of goods — has shocked the trade. “Many only now realise that if goods di...

Custom-made insurance covers have recently become a necessity for jewellery stores, pawn shops, etc. Challenging times coupled with new risks, exposures associated with the business profiles of jewellers, furriers and pawnbrokers heighten the need further.  Market leading support from expertised teams in the insurance industry is a must in addition to competitive coverages at affordable premiums. CHES Special Risk is an award-winning MGA in Canada that offers boutique experiences to every individual jewellery business client in addition to full service dedication and customized covers.   Jewellers Block Insurance by the company’s team of seasoned underwriters offers out-of-the-box insurance solutions for the unique risk profiles. In addition to this, the covers are designed specifically keeping in mind the industry requirements in contrast to the limited provisions by traditional insurers. The   jewellery insurance  in Canada occupies a significant position g...

  The hardening Canadian insurance sector is facing immense challenges amid the ongoing pandemic scenario. Several ‘hard-to-place’ risks followed by new risks and exposures are keeping clients and retail brokers boggled alike. A major concern about the Canadian insurance landscape is restricted or limited coverage offerings by traditional insurance providers. The ever-changing market exposures accompanied with increasingly unique risk profiles across industrial verticals necessitates insurances that protect the entities against these newly encountered risks. CHES Special Risk offers specialist covers for a comprehensive list of products across sectors. Customized insurances with realistic covers is a must-have for everyone in the current unprecedented times. As an award-winning MGA renowned for its custom-made coverages, market offerings and diverse market exposure, the company became a Lloyd’s of London approved coverholder in 2009. A niche market positioning offering numerous in...