HOW MUCH DOES IT COST TO INSURE A JEWELRY STORE?
I am you do the sincerely in abyss plan for propagandize as well as we need to find out how most it costs to protection the tiny sell valuables store. Obviously it depends upon distribute of things though for the role of this plan we only need the severe number. Thanks!
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This entry was posted on Wednesday, March 10th, 2010 at 9:52 am and is filed under Questions & Answers. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
The answer depends largely on the value of the inventory. There are fairly standard valuations used for property such as the building (which may be independently insured by the lessor) and other standard equipment such as display cases, stocking equipment, POS terminals, etc. These would be similar from store to store. The largest insurable value would be the jewelry itself, which would vary widely from store to store.
Because the value of the inventory would probably dwarf that of the other items, I’d just estimate that value then figure on a monthly premium equal to 3% of that. A quick call to a local insurance company would probably get you a more accurate estimate based on current actuarial conditions.
Where is it located
How many square feet
Value of inventory
Amount of risk on inventory you are willing to accept
How much liability coverage
How much liability exposure are you willing to accept
Talk to a good insurance agent about this