Category: Fine Arts and Collectibles

Warranty for your Jewelry Store Customers

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Offering your jewelry store customers the option of a warranty when they first purchase their jewelry is a convenience that can lead to greater customer satisfaction. As a jewelry store owner, you seek ways to improve the customer experience which in turn leads to more sales and happy returning customers. Jewelers Mutual offers their clients this service.  With the Jewelers Mutual Care Plan, you can present this as an added benefit and include it in the purchase price of the item or items.

A warranty offers your clients the protection they desire when investing in fine jewelry. This enhances the quality of the jewelry you showcase and ensures lasting satisfaction in the choice for your customer.  The Jewelers Mutual Care Plan covers not only manufacturers’ defects, but it also includes traditional wear and tear and accidental damage. 

Clockwork Insurance Services is here to assist you with your business. Our goal is to work with our clients’ and truly understand how to add to their success. We do this with careful review of their business needs and compiling an insurance plan that not only includes the coverage the client needs but also introduces options that hopefully improve the service they can offer to their customers.

Considering adding a warranty for your customers?

Call us at 504-262-8240 or reach out to us via our website: https://www.clockworkinsurance.com

For more details and frequently asked questions read more on this warranty option available to Jewelers Mutual clients here: https://www.jewelersmutual.com/jeweler-care-plan

Third Party Coverage: Do I need it?

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Another crash due to a third-party event has caused many small businesses to take a deeper look at what type of insurance coverage would assist in the event this affected their ability to keep the doors open.

Let’s take a look at exactly what this may mean for your business.

The CrowdStrike incident was not a ransomware or other malicious attack. It was simply an update that ended up causing computer systems worldwide to crash. This interrupted airlines, banks, hotels, hospitals, gas stations and many more. Some insurance carriers do offer coverage for when you have an outage that is due to a third-party incident that is essential to your operations. The CrowdStrike incident was one of the worst tech disruptions in history and an example of just how overreaching this can be.

Business interruption insurance only replaces income lost as a result of a disaster that directly impacts your company whereas contingent business interruption insurance replaces lost income when a company is forced to close due to a disaster impacting a third-party vendor or supplier.  For example, if a business relies on a specific manufacturing company to supply a part for equipment they service, and that company warehouse has a fire that puts them out of business then contingent business interruption insurance would be the policy that would cover this situation.

If a vendor or third-party that you rely on for your business experiences a cyber-attack it can affect your ability to continue your business. It can affect your income. This is where third party, cyber liability is necessary to recover your loss of income.  A careful review of your insurance coverage can reveal any areas you may need to fortify to ensure you are covered for this unfortunate circumstance. 

Clockwork Insurance agents can review your current policies and report exactly what coverages you have and what coverages you may want to consider adding to your portfolio.

Call us at 503-262-8240 or email us at info@clockworkins.com for more information.

Coverage Highlight: What Does Workmanship Coverage Mean For Your Jewelry Business?

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In the world of jewelry, craftsmanship is paramount. Skilled jewelers are dedicated to providing exceptional care and precision whether performing repairs, resizing a piece or cleaning cherished items. However, even the most meticulous artisans can encounter unforeseen issues. This is where workmanship coverage becomes crucial.

What is Workmanship Coverage?

Workmanship is a line of coverage that can be included in your jewelers’ block policy. It is designed to protect your jewelry business from the potential financial repercussions of accidental damage to customers items while performing repairs or maintenance that are in your care, custody or control.

Understanding the intricacies of jewelry insurance assists in your decisions on the coverage you need. Our team is committed to helping you navigate your coverage options, ensuring you understand the extent and limitations of your insurance. We work with you to tailor a plan that suits your specific needs, providing comprehensive protection for your jewelry business.

For more information or to get a quote on our jewelers block insurance, please visit https://www.clockworkinsurance.com and fill out the form. A representative will get back to you promptly.

You can reach us at: 504-262-8240.

Protect your jewelry business and give your clients the assurance they deserve by including workmanship coverage in your jewelers’ block insurance policy.

Contact Clockwork Insurance Services for a review of your policy.

Four reasons why you need fine arts and collectibles insurance

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If you own fine art, it’s important that you protect its value with insurance coverage. Clockwork Insurance Services offers fine arts and collectibles insurance to consumers in Metairie, LA.

Here are four reasons why you need fine arts and collectibles insurance to protect your valuable possessions.  

Natural disasters can destroy valuable collectibles and fine art.

Your collectibles could be damaged or destroyed if a natural disaster occurs in your area. An insurance policy can reimburse you for losses due to damage to fine arts caused by natural disasters. 

You may need to travel with your expensive fine art.

Transporting your fine art may be necessary, but it can put your valuable items at risk of becoming damaged if you get in an accident. A fine arts and collectibles insurance policy will typically include coverage for losses resulting from travel. 

Fine arts and collectibles insurance gives you peace of mind. 

Without insurance coverage, you might be stressed about potential financial losses resulting from damage to your collectibles. You can avoid this stress by investing in the coverage that you need to insure the value of your fine art. 

Fine arts and collectibles insurance covers you if your fine art is stolen.

Unfortunately, valuable works of fine art can make you a target for theft. Insurance coverage can reimburse you if your fine art items are stolen or significantly damaged due to vandalism or burglary. 

At Clockwork Insurance Services, we’re happy to offer you the fine arts and collectibles insurance coverage you need. Call us today for a quote on a policy for your fine arts collection in Metairie, LA.

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