11242017Fri
Last updateWed, 22 Nov 2017 7am

Bob Carroll

The Best Policy: Alarm system check-up

Things you can do yourself to make sure your alarm system is “up to snuff”

For a lot of reasons, spring is a good time of year to give your alarm system a check-up. Although the crime of burglary adheres to no season, with Christmas, inventory, and Valentines behind – this can be a good time for a jeweler to make certain his alarm system is providing the type of protection he needs and believes that he has.


The Best Policy: Why is my alarm system being changed?

Does it still meet the standards it is supposed to meet?

Joe’s alarm system operated in the following manner: its primary means of communicating information about an intrusion to the monitoring company (aka “Central Station”) was by a device called a digital communicator. In the event of a break-in or burglary attempt, various sensing devices situated about the premises would be triggered, and a signal would flow to the alarm control panel in Joe’s back room.

The Best Policy: Insuring Trunk Shows

Could there be an unexpected coverage gap - just when the crime occurs?

Retail jeweler to insurance agent:  We’re going to have a trunk show next week and a salesman will be bringing in about $300,000 worth of merchandise.  Do I need to do anything about my coverage?

Agent:  Is the merchandise being memoed to you, or is the salesman going to come in and conduct the sale with you?

The Best Policy: Leaving the bag in the car

“I was right there and I never took my eyes off it!”

“Tom, since you are going for lunch, would you mind taking these repair items over to the trade shop? Be careful, there’s nearly $25,000 of our customers’ jewelry in the bag today.”

“Sure, Jerry; no problem. I can leave now.”

The Best Policy Is your line security still secure?

Alarm companies are being forced to make changes in the way your system works.

Jeweler Stan Zanite opened his store on Monday morning anticipating another successful week in the jewelry business.  Those expectations changed dramatically when he saw the debris on the floor of his back room – chunks of ceiling tile, loose insulation, and damaged electronic equipment strewn about.  But the most sobering part of Stan’s discovery was when he recognized that his two safes . . .  were completely gone!

The Best Policy: When “I’m sorry!” isn’t enough - Liability insurance basics

A layman’s definition:  A dictionary offers “answerable” and “responsible” as synonyms for the word liable.  So being liable means being responsible for one’s actions – particularly when those actions cause harm to the another person.

Accidental or deliberate?  Tom is angry at Dick and punches Dick in the nose; Tom is “answerable” to Dick for that deliberate act.  While driving to the hospital to get his nose fixed, the car in front of Dick slows abruptly and Dick avoids a collision by changing lanes.  Dick failed to see Harry’s car in the lane he changed into.  Dick is “responsible” for the dent he unintentionally put in Harry’s new car.  In the pure sense of liability, it makes no difference whether an act is deliberate or accidental.  However in the sense of liability insurance, we may find that it does.  Read on.

The Best Policy Lovers of the night

Roof-top burglaries - a new trend in jewelry crime

Sunday Morning

Like cops on a stake-out, they waited silently in an unmarked van parked in the shadows of the darkened street.  They were watching and timing the events at a strip center down the street from where they were parked.  Night-vision binoculars aided their surveillance of the scene.

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