Specie Insurance
Specie Insurance - Protecting High-Value Assets
Certain businesses deal with specialised assets and transactions involving exceptionally high-value goods, which can carry unique and disproportionate risks.
These exposures often require carefully structured insurance solutions designed around the nature of the asset, how it is handled, and how it moves through the supply chain.
Commonly available Specie Insurance solutions in India
Jewellers Block / Diamantaires Insurance
Protection designed for businesses dealing in jewellery, diamonds, and other high-value precious items.
Fine Arts Insurance
Coverage for valuable works of art and other collectible or high-value pieces.
Cash & Currency Management Insurance
Insurance solutions for businesses involved in handling, transporting, and managing cash and currency.
Cash & Bullion Insurance
Protection for cash, precious metals, and bullion against relevant insured risks.
Bullion Insurance
The growing use of gold and bullion as security for personal and business loans has increased the need for specialised protection. Banks and NBFCs may hold gold or bullion in their custody until the underlying loan is repaid, creating exposures during storage and movement. These assets may require protection against risks such as fire, burglary, and transit-related incidents, including movement between bank branches, custodians, or other authorised locations. Bullion custodians and vaulting contractors can also have similar insurance requirements. A well-structured bullion insurance solution can help protect these high-value assets throughout their journey - from custody and storage to transportation and delivery - subject to the terms, conditions, and exclusions of the applicable policy.