Insight on Business

August 2020

Issue link:

Contents of this Issue


Page 43 of 68

w w w . i n s i g h t o n b u s i n e s s . c o m A u g u s t 2 0 2 0 • I NSIGH T | 39 commercial lines for Jewelers Mutual. To help commercial customers keep their inventory safe, Jewelers offered to cover the cost of moving the jewelry to and from a secure, off-site location, such as a bank vault or a Brinks facility. "By making that move, we reduced that risk of the," Fierst says. e insurer also realized many of its customers were hit hard financially and put in a grace payment period from March 1 to July 1, says Jessica VandenHouten, brand communications manager for Jewelers Mutual. If a policyholder is in a state that is still shut down, the grace period has been extended. "Once our policyholders have money flowing in again, they could begin paying for their coverage again," Fierst says. "We don't have many claims, but when we do, it's a big one." "In our business, there is a heavy crime focus. When Safer at Home orders were put into place and people left the stores, the criminals didn't get that memo — it actually exposed our customers to more risk." — John Fierst, vice president, commercial lines, Jewelers Mutual LEARN MORE. SAVE ENERGY. Take control of summer energy costs Visit for powerful online tips and tools to help your business control energy costs and stay comfortable. From efficient building automation systems to controlling air flow and temperature, you can discover more ways to improve energy efficiency at your facility. Business Solutions Center: 877-444-0888 Monday through Friday, 8 a.m. to 5 p.m. We know that controlling energy costs is more important than ever right now.

Articles in this issue

Links on this page

Archives of this issue

view archives of Insight on Business - August 2020