Do you or your clients have valuable items to insure? Find out more about our specie insurance or talk to one of our specialist underwriters today.
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Find out more about our private collections insurance As providers of Pearl Producers & Wholesalers insurance, we love all things pearls, so we have collated some interesting pearl facts for you to peruse! To find out more about Pearl Producers & Wholesalers insurance, check out our Quantum Academy article: it discusses what the insurance consists of, who it covers and what Quantum can provide. In the meantime, here are 7 pearls of pearl wisdom for you...
6. Approximately 95% of all pearls harvested today are cultivated pearls. This means the mollusks are both farmed and artificially implanted with small seeds. Cultivated pearls ensure increased size, quantity and quality, whereas naturally formed pearls are unreliable and often produce much smaller pearls.
7. Jacques Cartier traded a double-stranded natural pearl necklace valued at $1.2 million for a mansion on 5th Avenue in NYC where he opened a Cartier store and headquarters in 1916. Learn more about Pearl Producers & Wholesalers insurance To see how Quantum can help protect your business, why not contact one of our specialist underwriters today? Facts sourced from National Geographic and Spruce Crafts
What does cash in transit insurance cover?
Cash-in-transit or ‘CIT’ covers cash in transit by professional money carriers. We can also cover all other types of valuables in transit, such as bullion, diamonds, bonds, securities and the like. Professional money carriers can be either armoured or non-armoured (referring to the vehicles used) and covert or overt. Personnel may be armed or non-armed. We can cover the cash whilst in transit in armoured and non-armoured vehicles, and whilst being carried outside the vehicles – for example for pick-ups or deliveries to and from retailers and bank and whilst being loaded in to ATM’s. We can also cover cash at the insured’s premises during the day and in a locked safe or strong room at night. Finally we can cover business contents (including safes and alarm systems), public and products liability and employee fidelity where needed. What are five key considerations when placing cash in transit insurance?
What can Quantum provide?
For more information about our cash in transit policy:
What does ATM insurance cover?
ATM Insurance covers the ATM machines themselves against physical damage and theft. The policy can also cover the cash kept in the internal safes from theft following a break in to the machine, or theft of the whole ATM itself. We also cover loss or destruction of money from fire, explosion, heat, smoke etc. Finally, a limited amount of cover is available for loss or money from ‘ATM hacking’. We can cover fixed ATM’s, ATM’s that are transportable (usually with a heavy fixed plinth) that are delivered to temporary sites such as concerts, and finally we can cover trailer mounted ATM’s that are used at smaller events and markets. We can also cover limited cash-in-transit operations where the ATM owner is cashing their own ATMs with cash to and from bank. Cash can also be covered in safe at the owner’s premises. For trailer mounted ATM’s we can cover the ATM’s and the trailers from physical damage whilst being towed to and from the event – e.g. traffic accident or hold-up / robbery. What are five key considerations when placing ATM insurance?
What can Quantum provide?
For more information about our Jewellers Block policy:
What does auctioneers insurance cover?
Auctioneers Insurance covers an Auctioneer for all the stock and goods in trust that they have at their premises or that they have assumed a responsibility to insure. The policy can also cover their business contents, money, glass, business interruption, public and products liability and marine transit risks where required. Finally, the policy can cover them for off-site auctions held at hotels and private houses where needed. We can cover auctioneers of fine arts, collectibles, jewellery and valuables, antiques, furniture, wine and classic cars (classic cars are not covered when being driven under own power). What are five key considerations when placing auctioneers insurance? Auctioneers have complex insurance requirements particularly around the basis of settlement. There are different bases of valuation depending on where the item is in the auction cycle. For example, when the item is first brought in, the item will probably not have a reserve set – this process occurs as the catalogue is compiled. So, at the outset, the auctioneer needs to be able to establish a provisional value with the owner and for the policy to respond on that value. Once a reserve has been set the value is the reserve price, but if a higher value has already been agreed in step 1 above, then this price will apply up to reserve plus 30%. At fall of hammer the price is set as the sale price plus buyers’ commission up to 15%. The 5 key placing considerations are:
What can Quantum provide?
For more information about our Museums Insurance:
What does museums insurance cover?
Museum insurance covers stock owned by the Museum and any goods in trust that are on loan to them (for display or other purposes – such as research). It can also cover money, their business contents, glass, public and products liability and business interruption where required. Stock and goods in trust can be covered at the premises or in transit and at unnamed locations and off-site exhibitions where required. What are five key considerations when placing museums insurance? Museums have complex insurance requirements. The nature of their collections is often varied, valuable and unique or irreplaceable. The five key considerations are:
·What can Quantum provide?
For more information about our Museums Insurance:
It covers their stock, goods in trust, money, contents, tools and equipment, public liability and business interruption. Stock, goods in trust and money are covered at the premises and in transit if required. View our Jewellers Block brochure. What are five key considerations when placing Jewellers Block insurance? Jewellers are often victims of crime, sometimes violent. The first consideration is always the safety of the insured and their employees. The broker who approaches their client with this in mind has a head start. A jeweller who puts security and safety first is also a good insurance risk. The second is protecting their assets as completely as possible. The jewellers block policy is a complex product covering many different aspects of the jewellery trade and it needs to be tailored to the individual client. Quantum is always happy to work with our brokers to ensure they understand the policy and to find the best cover for the right price. View our Jewellers Block proposal form.
Quantum has binding authority and can agree ‘Friday Specials’ without having to refer to London, so we can give you, our broker and your client a truly local service.
What can Quantum provide?
For more information about our Jewellers Block policy:
We interviewed our Executive Director, Peter Streames, about our Marine Transit & Cargo insurance. We asked him what the cover consists of, what to consider when placing Marine Transit & Cargo insurance and what Quantum can provide. Read it here...
What does marine transit & cargo insurance cover?
What are five key considerations when placing marine transit & cargo insurance?
What can Quantum provide?
Contact us today for more information about our Marine Transit & Cargo Insurance. You can call us on 1300 974 095, or submit an enquiry via the website. We interviewed our Executive Director, Peter Streames, about our Exhibitions Insurance. We asked him what the cover consists of, what to consider when placing Exhibitions Insurance and what Quantum can provide. Read it here...
What does exhibitions insurance cover?
What are five key considerations when placing exhibitions insurance?
What can Quantum provide?
Contact us today for more information about our Exhibitions Insurance. You can call us on 1300 974 095, or submit an enquiry via the website. |