Comments on: How much does it cost to insure a jewelry store? http://www.thefoolsgold.net/jewelry/how-much-does-it-cost-to-insure-a-jewelry-store Fri, 18 May 2012 10:27:32 +0000 http://wordpress.org/?v=2.7 hourly 1 By: jwishz http://www.thefoolsgold.net/jewelry/how-much-does-it-cost-to-insure-a-jewelry-store/comment-page-1#comment-7391 jwishz Wed, 25 Nov 2009 05:42:59 +0000 http://www.thefoolsgold.net/jewelry/how-much-does-it-cost-to-insure-a-jewelry-store#comment-7391 Where is it located How many square feet Value of inventory Amount of risk on inventory you are willing to accept How much liability coverage How much liability exposure are you willing to accept Talk to a good insurance agent about this<br><b>References : </b><br>retired cpa Where is it located
How many square feet
Value of inventory
Amount of risk on inventory you are willing to accept
How much liability coverage
How much liability exposure are you willing to accept

Talk to a good insurance agent about this
References :
retired cpa

]]> By: Jack http://www.thefoolsgold.net/jewelry/how-much-does-it-cost-to-insure-a-jewelry-store/comment-page-1#comment-7390 Jack Wed, 25 Nov 2009 05:24:59 +0000 http://www.thefoolsgold.net/jewelry/how-much-does-it-cost-to-insure-a-jewelry-store#comment-7390 The answer depends largely on the value of the inventory. There are fairly standard valuations used for property such as the building (which may be independently insured by the lessor) and other standard equipment such as display cases, stocking equipment, POS terminals, etc. These would be similar from store to store. The largest insurable value would be the jewelry itself, which would vary widely from store to store. Because the value of the inventory would probably dwarf that of the other items, I'd just estimate that value then figure on a monthly premium equal to 3% of that. A quick call to a local insurance company would probably get you a more accurate estimate based on current actuarial conditions.<br><b>References : </b><br> The answer depends largely on the value of the inventory. There are fairly standard valuations used for property such as the building (which may be independently insured by the lessor) and other standard equipment such as display cases, stocking equipment, POS terminals, etc. These would be similar from store to store. The largest insurable value would be the jewelry itself, which would vary widely from store to store.

Because the value of the inventory would probably dwarf that of the other items, I’d just estimate that value then figure on a monthly premium equal to 3% of that. A quick call to a local insurance company would probably get you a more accurate estimate based on current actuarial conditions.
References :

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