The Context:
A broker’s client faced a challenge when his online jewelry store client, specializing in beaded items priced under $50, couldn’t secure the necessary property coverage from his current insurer. With the store’s stock at risk and no precious metals involved, the broker needed to find a reliable insurer willing to offer comprehensive coverage without exclusions.
The Business Needs:
The broker needed comprehensive property coverage for the store’s inventory of costume jewelry, along with Commercial General Liability (CGL) coverage. It was crucial that the policy had no exclusions for the stock, ensuring full protection for the business.
Our Solution:
SWG’s underwriting team quickly assessed the online store’s website and inventory, confirming no property exclusions for the costume jewelry priced under $50. They then crafted a tailored insurance quote, including Commercial General Liability (CGL) and property coverage. After finalizing the quote, they swiftly bound the coverage, ensuring immediate protection for the store. SWG’s approach has demonstrates its commitment to providing tailored solutions in niche markets.
