Posts In Category "Liability Insurance"
Preparing for Growth: How to Scale Your Insurance Coverage as Your Firearms Business Expands
Growth in the firearms industry can take many forms—opening a second manufacturing facility, expanding your product line, increasing your inventory, hiring more employees, or entering new markets. While these are all signs of success, they also come with added risk. If your insurance coverage doesn’t evolve with your business, you may find yourself underinsured when […]
Why Being Underinsured Is a Major Risk for Firearms Businesses
In the firearms and ammunition industry, your risks go far beyond manufacturing defects or storefront theft. From liability lawsuits to regulatory audits, the stakes are high—and if your insurance coverage isn’t built to meet those risks head-on, your entire business could be in jeopardy. Yet many companies in the industry operate with insufficient insurance, either […]
Preventing Fire Hazards in Firearms Manufacturing Facilities
Firearms manufacturing facilities face significant fire risks due to the presence of flammable materials such as gunpowder, solvents, and lubricants. Without proper fire prevention strategies, the potential for accidents, injuries, and property damage increases significantly. To safeguard employees, equipment, and business operations, manufacturers must implement comprehensive fire prevention and risk management measures. Here are some […]
A Complete Guide to Insuring Your Firearms Retail Store
Owning a firearms retail store is a significant responsibility. Alongside providing high-quality products and adhering to strict regulations, protecting your business with the right insurance coverage is essential. Whether you’re selling firearms, ammunition, or accessories, you face unique risks that require specialized policies. This guide highlights the key insurance considerations to safeguard your retail store […]
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 […]