What type of policy is a jewelers block policy classified as?

A jewelers block policy is classified as an all-risk insurance policy specifically designed for the jewelry industry. This type of policy provides comprehensive coverage for a jeweler's inventory and business operations against a wide range of potential risks, such as theft, fire, vandalism, and accidental damage.

The term "all-risk" signifies that it covers risks unless expressly excluded in the policy terms. Jewelers face unique risks due to the high value of their inventory, and a jewelers block policy addresses these specific needs by protecting against losses that can disrupt their business.

Property insurance is a broad category that may include various forms of coverage for physical assets, but the jewelers block policy stands out as it provides specialized protection tailored to the unique needs of jewelers. General liability pertains to third-party claims related to bodily injury or property damage, which is not the primary focus of a jewelers block policy. Workers' compensation refers to coverage for employees who may be injured on the job, which also does not relate to the business’s inventory.

Thus, the classification of a jewelers block policy as an all-risk policy is correct and reflects its comprehensive nature in protecting jewelry businesses against diverse risks.