CHES Special Risk | Best Insurance Providers in Canada

  Who is CHES Special Risk Inc.? CHES Special Risk Inc . is a Canadian Firm offering broker services for the Insurance Product offering. Founded in 2004, CHES was a favourite among domestic Canadian Insurers, and then later becoming a Lloyd’s approved holder in 2009. Having offices in Toronto, Ottawa, and Quebec, CHES Special Risk Inc offers products in over 200 sectors, including property and general liability, construction, landlord, high-end homeowners, transportation and cargo, various kinds of insurances, and many more. What makes Jewellers Block Insurance / Jewellery Insurance so Important? Jewellers Block Insurance is of utmost importance to any jewellery retailer , manufacturer, or distributor dealing with exorbitant items such as jewellery, art, gold, silver, and diamonds because a loss can significantly impact overall business performance. It provides extra protection and assures financial safety for manufacturers, retailers, distributors and consumers dealing wi...

  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...

  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...

 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...