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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)

Why Liberty?

  • • A.M. Best Financial Strength Rating ‘A’ (Excellent); S&P rating of ‘A’ (Strong)
  • • Efficient cross-border capabilities
  • • Established Canadian market presence for over 25 years
  • • Access to Liberty Mutual’s extensive international network
  • • Local underwriting authority
  • • Local risk engineering and risk control experts
  • • In-house claims service team