FAQ_category: (HIDDEN) Industry FAQs

Yes. Most jewelry businesses benefit from bailee’s coverage, which extends protection to: 

• Customer items left for repair, cleaning, or resizing 

• Shipments to and from vendors or clients 

• Merchandise displayed at events or stored off-site 

Without this coverage, you could be responsible for replacing customer property if it’s lost or damaged while in your care. 

Yes!  Insurance provides protection for: 

• Inventory damaged, lost, or stolen on-site or in transit 

• Customer property held for repair, cleaning, or appraisal 

• Off-site exposure during trade shows, transport, or display events 

This coverage ensures both your merchandise and customer items are protected from major losses. 

On average, Gilders pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Jewelry stores handle high-value items daily, so coverage must protect against both physical and financial risks. Common policies include: 

• General Liability – covers customer injuries or property damage in your store. 

• Business Property Insurance – protects your storefront, display cases, and business equipment. 

• Business Owner’s Policy (BOP) – combines liability and property protection into one plan. 

• Cyber Liability – protects sensitive customer and payment data from breaches or fraud. 

• Workers’ Compensation Insurance – Required in most states; covers employee injuries from repetitive tasks, lifting heavy items, or workplace slips. 

Yes. Employer coverage generally protects the organization first. Carrying your own liability insurance ensures: 

• Personal coverage if you’re named individually in a lawsuit 

• Protection for services outside your primary workplace 

• Peace of mind that you’re insured even if employer policies have exclusions