Posts In Category "Liability Insurance"
How to Prepare Your Firearms Business for Natural Disasters with Proper Coverage
Natural disasters can strike with little warning, leaving businesses scrambling to recover from the damage. For firearms and ammunition businesses, the stakes are even higher. These companies often store valuable inventory, sensitive equipment, and hazardous materials, making it essential to have a plan in place for protecting assets and ensuring a swift recovery. Proper insurance […]
The Importance of Product Liability Insurance for Firearms Manufacturers
Liability Insurance in the firearms industry is extremely important. Every firearm product that leaves a manufacturer’s facility carries responsibility. There are legal and financial consequences if something goes wrong. Also, safety plays a huge role. This is where product liability insurance becomes an essential safeguard for firearms manufacturers. Why Product Liability Insurance Matters for Firearms […]
Top Insurance Mistakes Firearms Businesses Make and How to Avoid Them
Running a firearms business can sometimes be very complicated, especially when it comes to insurance coverage. Unfortunately, many firearms businesses fall victim to common insurance pitfalls that can lead to costly mistakes. Here, we outline these common mistakes and provide practical advice on how to avoid them. Additionally, we explain how Firearms Insurance Agent Insurance […]
The Top 3 Myths About Liability Insurance
If your business is on the smaller side, you might not think that you need to have liability insurance. You’re not providing products or services to that many customers just yet, so there’s no need to invest in liability insurance, right? Wrong. No matter what size your business is, you should have liability insurance. This […]
4 Factors That Impact Your General Liability Insurance Premium
General liability insurance can help protect you and your business when accidents occur. However, that protection does come at a price. Every type of general liability insurance has a premium, but how much that premium in will depend on several factors. Read on to learn more: Size and condition of your premises General liability insurance […]
Why Firearm Manufacturers Need Quality Insurance
Every year, firearm manufacturers all across the country create thousands of pistols, revolvers, rifles, shotguns, and more. In fact, between 1986 and 2013, the Bureau of Alcohol, Tobacco, Firearms, and Explosives, better known as ATF, reported that the firearm industry manufactured more than 10 million firearms total. While the firearm industry has obviously transformed into […]
Why You Need Business Insurance for Certain Contracts
Did you know that some business contracts require you to have business insurance? It’s true. From signing a lease for your new location to landing a big client, many other companies and entities will require you to have some form of insurance before they agree to do business with you. Read on to learn more: […]
The 3 Types of Product Liability Claims
As a firearms manufacturer or distributor, there is always the risk of someone filing a product liability claim against you. However, the type of claim that is filed will depend on the situation and the person(s) involved. In general, there are three types of product liability claims that you should be aware of: Defective design […]
What You Should Know About Product Liability and Firearms
If your business owns, sells, and/or manufactures firearms, then you automatically run the risk of being sued for product liability or negligence. No matter how careful you are, there is always the chance of something going wrong, causing a consumer to take legal action against you as a result. This is why you should always […]
Product Liability Vs. General Liability Insurance
If you own a business that specializes in selling firearms or firearm accessories, you’re probably well aware of the importance of having an insurance policy in place. However, you might not know exactly which insurance policy you need to obtain to protect your company from claims filed by your customers. More specifically, you might be […]