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)