Pawnbroker's Package Policy
We offer insurance for Pawn Shops! Pawn Insurance can be provided in the form of a block policy, otherwise known as a Pawn Broker’s Package Policy. As the owner of a pawn shop, you have mastered the art of negotiations. Let an experienced broker from First Class Insurance Agency go to bat for you to negotiate the best price on a Pawn Policy. Insurance written specifically for the pawnbroking business is designed to protect your specific interests as a pawn store owner. Coverage includes your Building if you own it, General Liability, Business Personal Property, and if needed Workers’ Compensation, Business Auto, and Employee Practices Liability Insurance.
Your pawnshop insurance needs to include liability for items leased, owned and pledged, or held on consignment; out-of-safe items; and glass. It should also cover Stock to include guns and jewelry. It would not make good business sense to decrease your coverage options, simply to lower the price of your insurance. Your First Class Insurance pawn broker package policy specialist will discuss with you security requirements and coverage options. Call or Contact Us for a quote today!
First Class Insurance will provide a comprehensive policy designed for your specific needs.
WE CAN PROVIDE COVERAGE FOR THE FOLLOWING:
COVERAGE INCLUDED AT NO ADDITIONAL CHARGE:
Pawn Insurance Coverage
Pawn shops are unique from retail stores in that they often carry high-value items such as guns and jewelry, which are frequently targeted by thieves. Pawnbrokers insurance is customized to cover these unique risks. A Pawnbrokers Package Policy will take your business model into consideration in order to write the coverage parts that you need. An experienced broker at First Class Insurance will ensure that you do not over-pay for these.
For helpful information about security measures you can take to protect your business, click here. Every business owner appreciates peace of mind in knowing that you’ve done everything you can to protect your livelihood, but if the unexpected occurs, you need to have insurance in place for your specific type of risk.
To learn more about the pawnbroking industry, visit The National Pawnbrokers Association at www.nationalpawnbrokers.org.