Where is it locatedHow many square feetValue of inventoryAmount of risk on inventory you are willing to acceptHow much liability coverageHow much liability exposure are you willing to acceptTalk to a good insurance agent about this
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.
