Specie
Liberty Mutual Insurance provides risk solutions for a diverse range of specie business from local jewelry retailers and regional armoured car operators to world-famous museums and the vaults of multi-national banks. We are committed to meeting the expectations and needs of our clients in a timely and efficient manner.
Target classes
- Fine art including:
- Auction houses
- Galleries
- Museums
- Private jewelry
- Shippers and packers
- Stately homes and vintage cars
- Jewelry including:
- Diamonds in transit or storage from mines
- Exhibitions and fairs
- Wholesale and retail jewelers
- Manufacturing/processing
- Specie including:
- Banks
- Bullion/precious metals in vault
- National mints
- Safety deposit boxes
- Securities
- Cash-in transit including:
- Armoured car operators
- Cheque cashers
- Couriers
- ATMs
Policy highlights
- Fine Art Coverage
- Insured on an All Risks of Physical Loss or Damage basis
- Coverage offered for paintings, sculptures, furniture, ceramics, silverware and the like whilst:
- At named risk locations or whilst in storage
- Being transported within pre-agreed territorial limits
- With a third-party prior to sale
- Being transported by an approved shipper and packer
- At exhibitions and the like
- Jewellers Block Coverage
- Insured on an All Risks of Physical Loss or Damage basis
- Coverage offered for jewellery, precious stones, semi-precious stones and the like whilst:
- On the premises or stored in bank safety deposit vaults
- Being carried within pre-agreed territorial limits
- With a third-party jeweler prior to sale
- Being mailed by an approved shipper
- At trade shows/exhibitions and the like
- Specie Coverage
- Insured on an All Risks of Physical Loss or Damage basis
- Coverage offered for cash, securities, bullion and the like whilst:
- Being processed or whilst in storage at named risk locations
- Being transported within pre-agreed territorial limits
Capacity
- Fine art and general specie – up to USD $50 million on any one risk
- Cash in transit and jewelers block – up to USD $35 million on any one risk
The Liberty difference
- Established lead market
- Worldwide account
- International distribution with local market solution
- Strong Claims team in response, mitigation and adjustment
- Electronic trading infrastructure (broker trading systems or email service)
- Long term policies (up to 36 months with annual re-signing)