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General Specie

General Specie

Insurance protection for high value items in transit or at secure storage facilities.

What we offer

Bespoke all risks of physical loss or damage for high value items from cash and precious metals to high value documents. Our coverage offers first party physical loss or damage/theft forms, but we can offer legal liability cover for some clients based on the contractual responsibility of the client to the items insured.

Coverage includes:

How can we help

Our team has extensive experience in providing market leading specie coverage. In addition to jewellers block, fine art and cash in transit, we can also insure a variety of high value “general specie” items. The diverse nature of these assets makes them well suited to our specialist underwriting approach to creating bespoke coverage.

We also have expertise in providing insurance for excess coverage in relation to protection offered by the Securities Investor Protection Corporation

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in thea world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

All assets known as specie share the fact that they are valuable, at Beazley we believe this is where the similarity ends.

Those in the jewellery trade have different concerns to organisations that regularly transport cash. The protection needed by those with a fine art collection is not the same as required for storing financial instruments.