Insurance affordability is in the news everyday. Pawnbroker business insurance is impacted from rising claims from weather, riots, theft, and trip and fall lawsuits. When this happens, it is possible to then loose your no claims bonus. Claims can increase rates and preferred insurance eligibility.
For the past twelve years Marshall+Sterling’s Scott Sweeney has been immersed in the Pawn Broker insurance program. Scott said that “with decreasing number of insurers in the space the pawn industry can be less insurable. Pawn is a community – if we implement best practices collectively then we will prosper. It is important as individual shop owners, as regional operators, and as a community to value and implement risk control measures.”
“In our experience having this proactive approach is what makes your business eligible for the best available coverage over time, which helps your bottom line. This is why we have always emphasized best practices for gun safety, security, staff training and premises safety. In an ever-changing world Marshall+Sterling delivers consistency.” says Dianna Dahoney who has served for 36 years in the Marshall+Sterling Specialty Programs division. “Marshall+Sterling delivers continuity of staff and carriers, as well as innovative new ways to help pawnbrokers get safety resources and the trainings you need to support best practices for your staff.”
Business Insurance
Pawn Brokers
