Proper Business Insurance for Gun Stores and Ranges

Gun owners as well as gun stores have been under great scrutiny over the past few years with the poor decisions made by a few individual gun owners.  Because of these “bad apples,” it is imperative that gun stores and gun ranges as well as their owners protect themselves and their assets with proper insurance coverage.

Livingston Insurance Agency is a family owned & operated, independent insurance agency located in West Columbia, South Carolina that offers insurance products that can meet the needs of gun stores and gun ranges through CSU Underwriters, Inc., an A.M. Best A+ rated company. We have helped several stores to properly insure themselves. 

Gun store and gun range owners need to purchase at a minimum the following insurance:

  • General Liability
  • Property – for owned Buildings and/or Business Property
  • Inventory Coverage
  • Employee Dishonesty/Commercial Crime
  • Workers Compensation (if required based on SC state law)

Other additional coverages to consider include business income, glass breakage, equipment breakdown, gun smith coverage, cyber liability (for products sold online), etc.

The National Rifle Association (NRA) and Philadelphia Insurance Companies recommend similar coverages as the ones listed above:

https://mynrainsurance.com/business-insurance/business-alliance

https://www.phly.com/Products/RetailGun.aspx

However, you have to call a 1-800 number to speak with someone regarding their products.

Livingston Insurance in West Columbia, SC has been around since 1958 and prides itself on delivering comprehensive insurance products with personalized service.  We can come to you and your store/range to discuss your needs in person.  Our parternship with CSU Underwriters will also deliver to you:

Competitive pricing and terms

Excellent customer service

Local Claims Representative

Local Loss Control Representative

Local Field Underwriter that could potentially visit your operation for their own inspection & review to ensure proper coverage

If you are just getting into the business, make sure you are setting yourself up right from the beginning.  Check out this link for step-by-step instructions on how to start a gun range business:

http://smallbusiness.chron.com/start-gun-range-business-2163.html

 

In the end, gun store and gun range owners need to safeguard their businesses as well as their personal assets with proper insurance.  Let Livingston Insurance Agency assist you with those needs so you can sleep well at night albeit with a gun under your pillow 😉

 

 

About Joe Popkowski