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When Your Traveling Vendors Want to Put Their Merchandise in Your Safe
August 22, 2007

My rep from Scott Kay Sterling came to NC to visit the store and go over the line with me. He told me he’d be running a little late because he was over at another retailer, “I have to lock my merchandise in their safe and I’ll be right over,” he said.

 

It never crossed my mind that vendors would consider leaving their merchandise in their retailer’s safes. What happens, if god forbid, the retailer’s store is robbed and the vendor’s merchandise is stolen as well?

 

It is obvious, the retailer has insurance, but enough to possibly cover an additional high-end diamond bridal line too? Do you call your insurance company the same day and increase your insurance? Do you even offer to do such a thing? Is this common practice?

 


Posted by Shanu Singh Guliani on August 22, 2007 | Comments (4)


August 27, 2007
In response to: When Your Traveling Vendors Want to Put Their Merchandise in Your Safe
Jkash commented:

The Vendor is merely satisfying the requirements of their insurance. A jewelers safe is one of th few places a rep can leave his or her line unattended and still be covered.




August 27, 2007
In response to: When Your Traveling Vendors Want to Put Their Merchandise in Your Safe
1trainer commented:

Yes this is common practice. You can ask the rep to sign an agreement stating that you are not responsible for the loss of their merchandise. The rep should call you ahead of time to ask permission to do this. Your own insurance should not be affected as the rep will be covered by their insurance. I just attended a seminar through JA that touched on this very subject.




August 27, 2007
In response to: When Your Traveling Vendors Want to Put Their Merchandise in Your Safe
Joe commented:

Hi. I have been a traveling jewelry salesman for about thirty years. I have been robbed twice and a victim of attempted robbery over 15 times. I was very surprised that a family that has been a retailer for as long as yours has not heard of this practice. My customers often ask me, if it is near the end of the day, if I would like to leave my line in their safe. I love my customers and I feel as if they are part of my extended family. I believe they feel the same way about me and I very much appreciate that they care about my safety.




August 27, 2007
In response to: When Your Traveling Vendors Want to Put Their Merchandise in Your Safe
Shanu S. Guliani commented:

Thank you all for your comments--I guess you learn something new everyday. I, myself, have never had a traveling salesperson ask to leave their merchandise in my safe that's why I was inquiring if this was common practice. I hope with the help of your comments others will know this doesn't affect their insurance and that they should gladly help out their salespeople because we all do care for the safety of our salespeople.





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