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...

  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...