Professional Jeweler Archive: Losses: Take-Home Lessons
The Store / Managing Security
Losses: Take-Home Lessons
Part 2 of Jewelers Mutual's look at real cases. For Part 1, see January 2005, pp. 44-45
Whos your neighbor?
An Arkansas jeweler suffered a significant loss when a fire in an adjacent building caused a shared-wall to collapse. Jewelers Mutual paid in excess of $50,000. Do your neighbors put you at risk?
Dont ever chase a thief.
Remember details so you can help law enforcement officials in the investigation.
What did the previous tenant sign?
A carrier left a package of $5,000 in emeralds at the recipients door and it disappeared. An investigation revealed the previous tenant filed a signature waiver with the carrier. The carrier said the new tenant was responsible to remove the waiver and denied liability over its $100 coverage. Jewelers Mutual covered the loss and is pursuing restitution from the carrier.
If youre shipping to someone who has recently moved, verify he or she will be there to sign for the package and that the shipper wont leave it without a signature. Make sure no signature waiver is on file.
If you move, verify that the previous tenant at your address did not have a signature waiver on file.
Copyright © 2005 by Bond Communications