Understanding the Cost of Jewellers Block Insurance

If you’re running a jewellery business, one of the most common questions we hear at Centrestone is: “How much does Jewellers Block insurance actually cost?”

The honest answer? There is no one-size-fits-all price. Jewellers Block is a highly specialised, bespoke policy – not a standard off-the-shelf product. Premiums are calculated individually based on your unique risk profile, ensuring you pay only for the cover you need.

What Influences the Cost?

Several key factors determine your premium:

• Stock Values — The maximum and average value of your jewellery, precious metals, stones, and goods in trust (customers’ items). This is the primary driver – higher values naturally mean higher premiums.
• Security Measures — Alarm grades, safes, CCTV, shutters, and location postcode. Strong security can significantly reduce rates.
• Business Type and Location — Retail shop, workshop, wholesaler, or pawnbroker? High-street vs. shopping centre? Urban areas with higher theft risks may attract higher premiums.
• Claims History — A clean record helps keep costs down.
• Additional Covers — Extensions like worldwide sendings, exhibitions, business interruption, or higher liability limits.
• Turnover and Premises — Annual sales and ownership/lease details also play a role.

 

Why Choose Centrestone for Competitive, Tailored Pricing?

At Centrestone, we underwrite directly as jewellery specialists, giving us flexibility that general brokers or non-specialist providers often lack. We focus on fair, sustainable pricing without unnecessary loadings or restrictive clauses that inflate long-term costs.

Many jewellers find our premiums competitive – especially when combined with broader cover and fewer exclusions. Plus, our expert underwriters work with you to optimise security and reduce risk, potentially lowering future premiums.

Get Your Personalised Quote Today

The only way to know exactly what Jewellers Block insurance will cost for your business is a no-obligation quotation.

Complete our simple online application form, and a Centrestone specialist will contact you promptly (usually within one working day) with a tailored quote.

Protect your stock, premises, and livelihood with the peace of mind that comes from true specialist cover.

Centrestone Jewellers Block – Specialist protection at a fair price.

Ready to find out more? Apply for a quote now.