Every jeweler has business personnel property within their shop. If you have never taken an inventory of your business personal property that we suggest that you do at the same time as you would your jewelry inventory.
Are you covered?
If a fire or windstorm destroyed your business, would you have enough insurance to cover the loss? Most jewelers know the importance of accurate and up-to-date records for their jewelry inventory, but do you also have a record of your office equipment, shop tools, and lab instruments? Those are just a few categories of "business personal property" covered by a business owners policy.
To help you create an inventory of your business personal property, we have provided a checklist that is available as an Excel spreadsheet or PDF.
If you have Microsoft Excel version 97 or later and a working knowledge of the program, click here to open the Excel spreadsheet. The spreadsheet will open in a new window. Immediately save the file on your computer, giving it a new name. Enter the quantity and unit cost of items in the appropriate columns. The spreadsheet will calculate the total cost. If you have multiple items of varying costs - for example six chairs with values from $35 to $500 - add additional lines and list these individually. If you want the spreadsheet to calculate the total cost, you must enter a quantity and unit price for each item of your business personal property.
If you don't have Microsoft Excel, click here for the PDF version of the checklist. While you will not be able to complete the form on line, you may print a copy and complete it manually. You will need Adobe Acrobat to download the application. Click here to download Adobe Acrobat.
The items listed provide a general guide to business personal property categories. Please add items specific to your business. Keep a copy of this record in a secure location away from your business.