What is Specie Insurance?

Specie insurance provides coverage for high-value and unique items such as cash, precious metals, fine art, jewellery, and more recent items such as cryptocurrencies and non-fungible tokens (NFTs)

What does Specie Insurance cover?

Specie insurance is often purchased by businesses that deal with these high-value items, such as banks, jewellers, art galleries, and museums. The policy typically covers losses resulting from theft, damage, or destruction of the insured items, whether they are in transit, in storage, or on display.

The coverage provided by specie insurance policies can be tailored to meet the specific needs of the policyholder. For example, a jeweller may require coverage for a large inventory of valuable diamonds, while a museum may require coverage for priceless works of art or a digital asset custodian may require insurance for handling the private keys of their clients

The policy may also cover related losses, such as the cost of restoring or replacing damaged or lost items, as well as any legal fees or other expenses associated with a claim.

Why buy Specie Insurance?

Specie insurance provides important protection for businesses and individuals who deal with high-value items. The coverage can help to mitigate the financial risks associated with loss or damage to these unique and irreplaceable items.

How much does Specie Insurance cost?

There are several factors that will determine how much does specie insurance cost for your business these include the type of business, security controls, financial controls, value of the items to be insured  and how much coverage you require.

For an indicative quote for Specie Insurance please request a quote.

When should I consider Specie Insurance?

Specie coverage is a niche insurance aimed at those business that deal in high value items so the timing of when to consider a specie policy will very much depend on the value and how they stored and moved around. Many owners of high valued items will sleep better at night knowing they have Specie Insurance.


Why work with Continuum?

Our in-depth knowledge of both the industry and the appetite of insurers allows to advise clients on the appropriate solutions to help them protect their business and offer value to their clients. We take a client-centric approach, appreciating that insurance may be a future requirement rather than an immediate need and advise on the timing of policy inception as well as helping with payment schedules and budgeting requirements. Our aim is to advise and assist companies from seed to flower and become a long-partner with them through their journey to success.

Choose your industry to find the coverage that suits you