Swipe through the latest business and wealth clues with our android app

Jewellery trade industry gets an insurance shock

The jewellers's block insurance policy does not cover cases of logistics company officials running away with the gold cargo while in transit or goods disappearing while the vehicle is left unattended by a logistics provider. The insurance policy covers transit related risk like theft, robbery, burglary, etc. Recently a logistics company official last week ran away with 11 kg of gold jewellery worth Rs 3.5 crore. The owner of the jewellery firm was not attended to either by the insurance company or the logistics provider. The jeweller must ensure a third-part fidelity policy to avoid such losses.

Read More at The Economic Times News date : 15 Apr 2019, Monday

©2019 TheNewsClues