What you Need to Know About Firearms Insurance
Who needs firearms business insurance?
Anyone who relies on firearms as a source of income — whether it’s teaching classes, running a range, or leading a club — should have an active archery insurance policy. Examples of people and businesses who can benefit from archery insurance include:
- Indoor and outdoor shooting ranges
- Trap and skeet ranges
- Hunting clubs
- Land leased for hunting
- Firearm and ammunition shops
- Gunsmiths
- Hunting guides
- Firearm instructors and shooting coaches
What does commercial firearm insurance cover?
No one commercial firearm insurance policy looks the same, and that’s a good thing. Your firearms business may be similar to others, but it still has its own differences and quirks that make it unique. Your insurance should reflect that. However, all firearm insurance policies generally cover the same things.
- General Liability: This coverage protects your business if a client or guest is injured or your business’ operations cause property or product damage and copyright violation. For example, what if someone slips and falls on your property and breaks an arm? Additionally, this coverage would also protect against accidental discharge because it covers third-party bodily injury and property damage.
- Legal Liability: With legal liability insurance, you can protect against the costs associated with criminal allegations. This coverage helps pay for court-ordered judgments against you and the cost of your legal defense if you face litigation from an injured party.
- Commercial Property: This coverage offers a financial safety net if disaster hits and your site of operations — whether it’s a storefront, range, or combination of both — is damaged by fire, weather, or smoke.
- Commercial Auto: If cars are involved in your day-to-day business operations, commercial auto insurance is vital. Even if it’s a personal vehicle used to shuttle people for guided trips, you’ll need it covered with commercial auto insurance. You can also opt for liability and physical coverage for the vehicle. A specific list of drivers with dates of birth and drivers’ license numbers will be required.
Workers Compensation: If one of your employees is injured, this insurance can cover the payment of their medical expenses, lost wages, and rehabilitation costs.
How much does firearm business insurance cost?
Earlier, we mentioned that no one firearm insurance policy looks like another. The same can be said for your premium as well. While we can’t give a precise estimate, we can tell you what factors can influence your premiums.
- Your business’s location
- Claims history
- Size of your operation
- Whether your business is indoors, outdoors, or a combination of the two
- Number of employees
- Your chosen deductible
How Can I Protect My Gun Range With Insurance?
Gun owners and people who work in the firearms industry need insurance that can be challenging to obtain from local agents. That’s where Levitt Recreation and Hospitality Insurance comes in. We have the markets to insure them—and we have the experience as we assist dozens upon dozens of gun and archery ranges, gun clubs, ammunition manufacturers, and many more in the industry with their insurance needs.
With a vast experience in shooting sports, Sporting Clay Facilities, Rod & Gun Clubs, and more, we can insure your risks. Our shooting range insurance programs focus on both public and private shooting ranges nationwide. Coverage is offered for recreational and instructional target shooting facilities, archery ranges, trap, skeet and sporting clay facilities, incidental gun repair/gun-smithing services, and pro shops that sell firearms, bows, and related equipment.
As a firearm and gun range insurance professional, I strive to know you and your worries. I spend time listening and learning so I can better help you find solutions.
You’ve worked hard to build your firearms business. The next step is to protect it. I can help you by assessing your risks and guiding you through tailoring an insurance policy.
Frequently Asked Questions
-
What does commercial firearm insurance cover?
No one commercial firearm insurance policy looks the same, and that's a good thing. Your firearms business may be similar to others, but it still has its own differences and quirks that make it unique. Your insurance should reflect that. However, all firearm insurance policies generally cover the same things.
-
How much does firearm business insurance cost?
Earlier, we mentioned that no one firearm insurance policy looks like another. The same can be said for your premium as well. While we can't give a precise estimate, we can tell you what factors can influence your premiums.
-
Who needs firearms business insurance?
Anyone who relies on firearms as a source of income whether it's teaching classes, running a range, or leading a club should have an active archery insurance policy.
