what is the average cost to insure your jewelry business
Average Cost: The yearly cost to insure your ring is $1 to $2 for every $100 that it would cost to replace. In plain English, this means that if your ring would cost $9,000 to replace, you might expect to pay between $90 and $180 per year to insure itâor slightly more in cities where the risk of theft is higher.hether your wedding and engagement rings cost $500 or $50,000, an insurance policy is a way of honoring not just their financial value but what they represent. The sentiment behind your rings is priceless, but the rings themselves can be replacedâif they're insuredâin the event that something happens to them.