Jewellery, Fine Art and Specie

What we offer

We offer some of the broadest levels of cover available for all risks linked to the physical loss and/or damage to jewellery, fine art and high value collectible items whilst in storage and in transit, with flexibility to tailor policies to cater for individual clients’ needs.

Fine Art

Travelling exhibitions
Private collectors
Corporate Collectors
Commercial art galleries / dealers
Museums
Auction houses
Shipper, packer & storage facility provider
Jewellers Block & Jewellery

Manufacturing, wholesale or retail jewellers

Pawnbrokers
Private jewellery collections

General Specie Accounts

Financial institutions/Investment banks
Financial traders, dealers and brokers
Coin dealers
Vault risks

Cash In Transit

Armoured car companies
Valuable property/Cash in transit

Other Areas of Expertise

Packaged policies for high net worth clients

Capacity

Up to US$100m maximum line

Underwriting Considerations
Jewellery, Fine Art & Specie is a moral hazard-exposed class so a key underwriting consideration is the integrity, management and risk management of the insured. We also focus on the crime rate within the environment that the assured is working in.

Coverage
All risks of physical loss and/or damage to the property insured whilst in storage and in transit, including the following features:

Natural perils and catastrophe
Ability to extend coverage to cover on a worldwide basis and for fidelity risks
Ancillary terrorism cover against physical loss or damage to Jewellery, Fine Arts & Specie items

How can we help

Our underwriters work closely with a dedicated claims team and integrated wordings professionals. This concentration of experience and expertise enables us to deliver products and services tailored to our customers’ needs in this very specialised area of insurance.

Our insureds can take comfort that our team is complemented by a global network of surveyors and loss adjustors that has been built and tested over many years, who are on hand to help them to recover as quickly as possible from a loss.

The Beazley Difference

BEING BOLD: Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER: Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING: Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

An example of the value that our claims service can bring was following an audacious robbery of a safety deposit facility in Hatton Garden in London, was the way in which we rapidly settled our policyholders’ claims. Feedback from one of these policyholders speaks for itself:

“Given that barely a month has passed since the robbery, with police officers still on the scene, I cannot help but say how impressed my team and myself are with the speediness of this settlement. I thank God for giving me the sense to have taken out a proper insurance policy - with a proper insurance company!”