Imagine for a moment a customer slips outside your store and ends up in the hospital. An employee wrongfully accused of theft sues you for defamation of character. Or a fire destroys your building as well as your neighbors’ property.

If you’re not properly insured, a major lawsuit could ruin the business you’ve worked so hard to build—and could even tap into your personal assets.

When you’re thinking about insurance, your jewelry inventory isn’t the only valuable property you should cover. Think about everything else that’s in your store, from your computer to your desk. That business personal property should be covered by a Businessowners Policy.

With New Year’s Day just ahead, now is the time that many jewelers choose to conduct a thorough annual inventory of all their jewelry stock.

Performing this task at least once each year is an important step in protecting your business.

Hurricanes are often associated with the warm weather of summer, but few realize that hurricane season doesn’t peak until mid-September and won’t end until Nov. 30. Even though major storms have been relatively scarce this year, Jewelers Mutual is familiar with “the calm before the storm.”

At Jewelers Mutual we truly hate to hear about a jeweler who suffers a loss and has no insurance because missed payments caused the insurance policy to lapse. In our experience this is rare … but it is nonetheless heartbreaking each time it happens.