Blogs: Supplier News

Supplier News: Week Of Dec. 12


Lavalier Partners With Progressive Insurance…

Lavalier Personal Jewelry Insurance has announced a new partnership with Progressive to provide customers with affordable, comprehensive insurance for their jewelry.

“We’re excited to be working with an experienced jewelry insurer like Lavalier,” said Drew Purcell, Progressive business development leader, in a statement. “For customers looking for specialized coverage beyond their homeowners or renters policy, or even for customers just looking for a stand-alone jewelry insurance solution, Progressive Jewelry Insurance by Lavalier will provide customers flexible coverage options to meet their unique needs and peace of mind knowing that their items are protected against a wide range of risks specific to jewelry.”

Customers can obtain an instant online insurance quote by entering their zip code, value of item, and choice of deductible, through Progressive’s website. Lavalier policies include worldwide coverage for loss, damage, theft, and mysterious disappearance.

“It’s an honor to work with such a renowned insurance brand as Progressive,” said Lavalier vice president Melissa Becker, also in a statement. “Progressive seeks to be the destination of choice for insurance products, and the addition of our product enables Progressive customers to protect their jewelry with fully inclusive coverage from an insurer with decades of experience in insuring jewelry.”

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Jewelers Mutual Aims to Reduce Jewelry Crime…

Jewelers Mutual Group is spearheading a movement to reduce crime in the jewelry industry, the insurance provider announced last week. Partner for Protection, its new effort to help jewelers and their communities to combat rising crime, will see additional loss-prevention education, collaborations with security experts, and enhancements to the Risk Services portfolio on the part of Jewelers Mutual.

“What we’re seeing are more high-profile, brazen attacks that happen quickly and result in high-dollar losses,” said Mike Alexander, chief operating officer at Jewelers Mutual. “The threat is real, and it’s affecting the lives and livelihoods of jewelers everywhere. Our industry’s future depends on the actions we take today.”

Jewelers are being asked to join the movement by pledging to rethink their security strategy, stay vigilant and follow safety and security best practices, and be leaders in their communities by getting the message out to their staff, neighbors, and jewelry industry. “It’s not if crime will happen at your business, but when,” said Alexander in a personal address to the industry.

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By: Brittany Siminitz

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