Pawn Shop Insurance of a Pawn Brokers Insurance Policy, is a package policy typically combining General Liability and Property Insurance with Some Added Coverage Enhancements. Along with other optional coverage, this Insurance Policy Package is ideal for small, medium and even large sized or multi-location Pawn Shop businesses.
A Pawn Shop Insurance Policy typically includes General Liability Insurance to cover your commercial liability and Business Property Insurance for physical assets, such as contents, that are leased, owned pledged or Held on Consignment.
The package insurance policy may also cover loss of business income and extra expense resulting from a covered loss.
The General Liability insurance coverage of a Pawn Shop Insurance Policy is comparable to a typical Commercial General Liability (CGL) policy, providing protection against claims of bodily injury or property damage for which your business may be liable.
The General Liability portion of Pawn Insurance can provide liability insurance coverage and the cost of defending lawsuits stemming from:
- Accidents that cause bodily injury and/or property damage.
- Accidents & Injuries that may occur in your Pawn Shop.
- Damage that your Pawn Shop may cause to neighboring property or businesses.
- Claims such as libel and slander.
- False advertising
- Employee Dishonesty
- Hired & Non-Owned Auto Insurance
- Products Liability for Guns & Ammunition
- Employment Practices Liability Insurance – EPLI
- Cyber Liability for Computer, Online & Website Activity
*General Liability insurance does not cover errors or negligence from professional services.
A Property Coverage of a Pawn Shop Insurance Policy may include, or you may be able to select as an option:
- Pawn Shop Store Fixtures and Furnishings
- Improvements your Business has Made to the Pawn Shop Interior
- Outdoor Sign Insurance
- Window Glass Insurance
- Money and Securities Insurance
- Water Back Up and Overflow Insurance
- On and Off Premises Property Coverage
- Merchandise in the Custody of Another Dealer in Trade
- Shipments in Transit for Guns & Jewelry
Coverage for Stock Including Jewelry and Guns
Coverage for Stock Including Jewelry and GunsCoverage is available at Cost Plus Interest, Replacement Cost, 2x Pawn Value or even 3x Pawn Value
Our Pawn Shop Insurance Policy Coverage is very competitively priced, however remember the Pawn Shop Insurance Policy does not include or provide coverage to items such as Workers’ Compensation, Professional Liability Exposures or Commercial Auto Insurance. However, these coverages are also available on available separate policies.
What is the Average Cost of a Pawn Shop Insurance Policy?
Every Business is different: The size of your operation, the amount of property your business possesses, and the location of your business are factors used in determining the cost of a Pawn Shop Insurance Policy, so average cost is not applicable to your business. In a few short minutes we can gather the information needed to provide you with a free Pawn Shop Insurance Policy Quote.
Please Contact Us to review the best type of Pawn Shop Insurance Policy is best for your business.
Or open & complete the PAWN SHOP INSURANCE APPLICATION and email it to info@castlerockagency.com.
Our Pawn Shop Insurance Policy is available in New York NY, New Jersey NJ, Connecticut CT, Florida FL, California CA, Illinois, IL, Nevada, NV, Virginia, VA, West Virginia, WV, South Carolina, SC. North Carolina, NC, Massachusetts, MA, Ohio, OH, and Pennsylvania PA.
Castle Rock Capacity Insurance Agency – Pawn Shop Insurance Policy
Pawn Brokers Insurance Policy
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