For a Jeweller, Stock Does Not Stop Being a Risk When It Leaves the Safe

A jewellery business may have excellent security at the main premises and far less clarity once stock moves to an exhibition, customer viewing, job worker or another branch.

The insurance review should follow the stock through a normal working month, including goods owned by others and goods entrusted to other people.

Draw the movement routes

List every reason stock leaves the premises, who carries it, how it travels, where it stays and how receipt is acknowledged. Compare those practices with policy limits and safeguards.

• Memo and approval goods
• Courier and postal movements
• Exhibitions and temporary locations
• Job workers, repairers and cutters
• Employee or director custody

Make daily records consistent

Use numbered movement documents, clear descriptions, weights, values, recipient confirmation and timely return entries. Reconcile outstanding items rather than allowing old memos to remain open indefinitely.

Review safe, alarm, camera and key procedures whenever the premises or team changes.

The practical takeaway

A jewellers policy is only one part of the control system. Reliable custody records make both prevention and claim explanation stronger.

Coverage, exclusions, limits and claim requirements vary by insurer and policy. Read the customer information sheet and policy wording before you buy or renew.