Jewelers mutual insurance | Super Guide 2023


Jewelers mutual insurance |  For over a hundred years, Jewelers Mutual Insurance Company has been the go-to insurer for fine jewelers and their customers across the United States. Today, they insure over 5,000 jewelry businesses and more than 200,000 individuals. While other insurance companies have left the jewelry industry, Jewelers Mutual continues to evolve and adapt to the ever-changing landscape. From new product innovations to expand their reach through digital channels, they are committed to being the best possible partner for jewelers. In this blog post, we will take a look at Jewelers Mutual’s history, its products and services, and what the future holds for the company.

What is a jeweler’s mutual insurance?

Jewelers Mutual Insurance is a mutual insurance company that specializes in providing insurance for the jewelry industry. The company was founded in 1913 and is headquartered in Neenah, Wisconsin. Jewelers Mutual Insurance offers a variety of insurance products for jewelers, including property and liability insurance, product liability insurance, and workers’ compensation insurance.

Jewelers Mutual Insurance is the largest jewelry insurance company in the United States and has an A.M. Best rating of A++ (Superior).

How does a jeweler’s mutual insurance work?

Jewelers Mutual Insurance Company is a mutual insurance company that was founded in 1913. The company provides insurance for jewelers, watchmakers, and other related businesses in the United States and Canada.

Jewelers Mutual is owned by its policyholders, who are also its only customers. The company does not have shareholders. It is managed by a board of directors elected by the policyholders.

The company has its headquarters in Neenah, Wisconsin. It has branch offices in Massachusetts, Rhode Island, New York, New Jersey, Pennsylvania, Illinois, Michigan, Ohio, Indiana, Georgia, Florida, North Carolina, Virginia, and Ontario.

Jewelers Mutual writes property and casualty insurance policies for jewelers and related businesses. These include business income insurance, which protects against loss of income due to business interruption; jewelry insurance, which covers loss or damage to jewelry; and liability insurance, which protects against claims arising from injuries or damages caused by the policyholder’s business operations.

The company offers three different types of jewelry insurance: scheduled personal property coverage, all-risk coverage, and perils coverage. Scheduled personal property coverage insures specific items of jewelry for their full value. All-risk coverage includes protection against all risks except those specifically excluded in the policy contract. Perils coverage provides protection against specific risks such as theft, fire, or water damage.

How much does it cost?

There are a few factors that will affect the cost of your jeweler’s mutual insurance policy. The first is the type of coverage you need. There are three main types of coverage: property, liability, and workers’ compensation. Property insurance covers the physical belongings of your business, such as your inventory, tools, and equipment. Liability insurance protects you from lawsuits arising from injuries or damage caused by your business. Workers’ compensation insurance provides benefits to employees who are injured or become ill as a result of their job.

The second factor that will affect the cost of your policy is the amount of coverage you need. The amount of coverage you need will depend on the value of your assets and the nature of your business. For example, if you have a lot of valuable inventory, you will need more coverage than a business with less valuable assets.

Finally, the location of your business will also affect the cost of your policy. Insurance rates vary from state to state, so businesses in some states will pay more for their jeweler’s mutual insurance than businesses in other states.

What does it cover?

Jewelers Mutual Insurance Company offers protection for your jewelry business against a variety of risks, including theft, damage, and other loss. They also offer coverage for your customer’s property while it is in your care.

Jewelers Mutual Insurance Company offers a variety of insurance plans, so the cost will vary depending on the coverage you choose.

What are the benefits of jeweler’s mutual insurance?

There are many benefits of jeweler’s mutual insurance, but some of the most notable include:

-Protection against loss or damage to your jewelry

-Coverage for repairs or replacement of damaged jewelry

-Replacement cost coverage for new purchases

-Extended coverage for high-value items

-Flexible payment options to fit your budget

-24/7 claims assistance from a team of experts

-A+ rating from the Better Business Bureau

-Over 100 years of experience in the jewelry industry

-A dedication to customer satisfaction

Drawbacks of jeweler’s mutual insurance

There are a few drawbacks to getting your jewelry insurance through Jewelers Mutual. One is that they don’t cover loss due to theft from a home or business. So, if your jewelry is stolen, you won’t be reimbursed unless you have a rider on your policy that covers theft. Another drawback is that their coverage doesn’t extend to internationally shipping, so if you’re planning on sending your jewelry overseas, you’ll need to find another insurer.

How to get started with jewelers mutual insurance

When it comes to insuring your jewelry business, there is no one-size-fits-all solution. The best way to find the right insurance for your business is to work with an insurance agent who specializes in insuring jewelry businesses.

At Jewelers Mutual Insurance, we have over 100 years of experience insuring jewelry businesses of all sizes. We understand the unique risks that come with owning and operating a jewelry business, and we have the coverage options to help you protect your business.

To get started with Jewelers Mutual Insurance, simply contact one of our agents today. We will work with you to assess your specific needs and help you find the coverage that is right for your business.

How to compare jeweler’s mutual insurance policies

There are a few things to keep in mind when comparing jeweler’s mutual insurance policies:

– Make sure you understand the coverage. What is included and what is not?

– Compare the premiums. How much will you have to pay for the policy?

– Consider the deductibles. How much will you have to pay out of pocket if you need to make a claim?

– Check the company’s financial stability. Can they pay out claims if you need to make one?

– Read the reviews. What do other customers say about the company and their policies?

By keeping these factors in mind, you can be sure to find the best policy for your needs.


As you can see, there is a lot to consider when it comes to jeweler’s mutual insurance. However, if you take the time to research your options and find the right provider, you can be sure that you are getting the best possible coverage for your needs. We hope that our overview has given you a better understanding of what jeweler’s mutual insurance is and how it can benefit you. Thank you for reading!


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