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Classification Phraseology as of:
9/1/2023
 
Classification Code:
8013(1)
 
Phraseology:

STORES — jewelry — wholesale or retail

Footnote:

This classification applies to stores primarily (over 50% of gross receipts) engaged in the sale of jewelry items intended for personal adornment, including but not limited to rings, earrings, bracelets, necklaces, watches and costume jewelry. This classification includes repairing, polishing or engraving jewelry when performed by a retail jewelry store for individual customers.

This classification also applies to stores primarily (over 50% of gross receipts) engaged in the sale of coins, trophies, badges, medals, hearing aids, gems or precious or semiprecious stones.

This classification also applies to retail stores that assemble or engrave trophies, plaques or novelty statuettes from purchased components.
Industry Group/Related Classifications:
Approved Pure Premium Rate:
To learn how approved pure premium rates are different than insurer rates, click here.
Effective DatePure Premium RateNote
9/1/2023$1.07New/Renewal
9/1/2022$1.05New/Renewal
9/1/2021$1.13New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

Phraseology:

STORES — jewelry — wholesale or retail

Footnote:

This classification applies to stores primarily (over 50% of gross receipts) engaged in the sale of jewelry items, including but not limited to rings, earrings, bracelets, necklaces, watches and costume jewelry that are intended for personal adornment. This classification includes repairing, polishing or engraving jewelry when performed by a retail jewelry store for individual customers.

This classification also applies to stores engaged in the sale of gems and precious and semiprecious stones; hearing aids; coins; and trophies, badges and medals.

1/1/2020
New Search

The Classification Search was developed by the WCIRB for your convenience to help you identify Standard Classifications based on keywords or a classification code. However, you cannot rely solely on the Classification Search and must make an independent assessment when determining the appropriate classification(s) assignable to a risk in accordance with the USRP.