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Pawnbrokers Insurance

Insurance for Pawn Shops.

As a Pawnbroker, there are many specialized needs related to the type of insurance coverage you require.

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About Pawnbrokers Insurance

Assessing risk and protecting your business from loss is critical. The best way to do this is by aligning your company with the right insurance partner. A partner that truly understands your unique business needs and goals, while delivering exceptional coverage and a competitive price.

“As a 15-year pawnbroker and multi-store owner, one of my main concerns has always been insurance companies and how quickly they pay claims if at all. I’ve been with three different pawn insurance companies over the years and so far Marshall and Sterling has been by far the best I’ve seen. I’ve had one larger claim a few years ago and Dillon and the Marshall & Sterling team paid the claim within weeks! I highly recommend Marshall and Sterling to any pawnbroker." - Mark, Motor City Pawn Brokers

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Our Specialty Risks Division can assist in providing a customized insurance solution, tailored uniquely for your business, including:

  • Building Coverage
  • Business Personal Property including Pledged and Unpledged Property
  • General Liability Coverage
  • Personal and Advertising Liability
  • Medical Expense
  • Fire Legal Liability
  • Hired And Non Owned Auto Liability
  • Employee Benefits Liability
  • Products and Completed Operations including the Availability of Guns / Ammunition Products Liability
  • Employee Theft
  • Money and Securities On and Off Premise
  • Business Computers
  • Electronic Media
  • Show Window Coverage
  • Business Income / 12 Month Actual Loss Sustained
  • Windstorm
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Tips from Experts
Tips from our experts
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Your Alarm System May Not Be Protecting Your Property

It’s no secret that the alarm system protecting your business is your first line of defense when detecting intruders attempting to gain entrance into your shop when it is closed for business. It is also a known fact that not all alarm systems are created equal - some being better than others, following the old adage “you get what you pay for."

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Are You Covered in Case of a Business Interruption?

If a fire causes your pawnshop to be temporarily unusable, what would you do next? Ideally, you would move to a temporary location while your permanent place of business is being repaired.

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Understanding Firearms Liability in your Pawn Shop

Many of our Pawnbrokers who deal in firearms and ammunition and or conceal or open carry weapons in their stores must understand the increase in liability it creates when running their business. In today’s litigious society where politically, guns are a very hot topic, I thought it be a good idea to address how having the proper insurance in place can make a difference