This policy is designed to provide comprehensive all-risk coverage for jewellers, diamantaires, manufacturers, traders, showrooms, and business houses. It protects valuable assets such as jewellery, bullion, and cash (as defined in the policy wording and schedule) at the business premises against all risks of physical loss or damage.

The policy also extends coverage when these valuables are in transit or in the custody of the insured, their directors, employees, cutters, sorters, and others — all on an all-risk basis. Additionally, furniture and business equipment can also be covered against insured risks.

Scope of Cover:

Section 1 – Property in premises

Covers all risks of direct physical loss or damage to the insured property under the following categories, while contained within the business premises or other specified and endorsed locations:

• Stock on premises

• Stock in vaults, safes, and bank lockers

• Stock in display windows

• Money on premises

• Stock anywhere on the premises outside business hours

Section 2 – Property in custody of the insured and specified persons

This section insures against all risks caused to property insured under items (a), (b) and (c) up to the limits as
mentioned under Section – 2 of the Schedule and carried, conveyed / distributed outside the specified premises
for purpose of Insured’s business, directly entrusted by the Insured and their authorized representatives.
a) Outside Business Premises Limit – Property insured, excluding Money, whilst in the custody of Director(s),
Employee(s) including contract employee(s), Partner(s), Duly Constituted Attorney(s) and Consultant(s)
and such other authorized persons of the Insured.
b) Memo Limit – Property insured, excluding Money, whilst in the custody of Cutter(s), Broker(s), Agent(s), Goldsmith(s), Dealer(s), Client(s), Job worker(s), Contractor(s), Sub-Contractor(s) and other such entities including the employee(s) of the above, whether or not in regular employment of the Insured. c) Money directly relating to the Insured’s business in the custody of Director(s), Employee(s) including Contract Employee(s), Partner(s), Duly Constituted Attorney(s) and authorized person(s) of the Insured. If the value of Property at any place were in excess of Rs. 5 Lacs, the same should be stored overnight or during non-business hours in a burglar proof safe.

Section 3 – Property in transit

Covers valuables while being transported for business purposes.

Section 4 – Furniture, fixture, fittings & contents

Covers physical loss or damage to office furniture, fixtures, fittings, and business equipment.

Section 5 – Fidelity guarantee

Protects against financial loss due to dishonest acts by employees.

Section 6 – Exhibition

Covers property while displayed at exhibitions or trade shows.

Section 7 – Boiling / casting / laser machine operations

Covers loss or damage to property during manufacturing or processing using boiling, casting, or laser machines.

Section 8 – Mysterious loss

Covers unexplained or mysterious disappearance of insured property, subject to policy terms and conditions.