Gun Shop Insurance

Due to the high-risk nature of firearms sales and services, gun shop insurance provides the necessary protection against potential claims, legal actions, and accidents that could otherwise incur significant financial losses and jeopardize the stability of your business.

While not universally mandated by law, some states and local jurisdictions may have specific insurance requirements for gun shops.

Yes, XINSURANCE can provide gun shop insurance solutions even if you’ve had a previous claim. While past claims can affect your eligibility and rates, we specialize in finding solutions where others might not, catering to businesses and individuals regardless of their claims history.

Yes, XINSURANCE can help you even if you’ve been declined, canceled, or non-renewed by an insurance company. We are all about stepping in to provide an insurance solution when others can’t or won’t.

The cost of gun shop insurance can vary widely depending on various factors, such as the type and size of your inventory, the services you offer, your location, your claims history, and more. It’s best to contact XINSURANCE and tell us more about your gun shop so we can provide a personalized quote.

Every person and every business is at risk of a lawsuit. In today’s world, gun shops need to make sure they are properly covered with customized liability insurance. Rest assured, should an incident, accident, or lawsuit occur at your gun shop, XINSURANCE’s in-house team of claims specialists and risk management experts are here to help you every step of the way.

Below are some examples of recent lawsuits involving gun shops.

• The Chicago Tribune reported that “the city of Chicago on Monday sued a northwest Indiana gun store alleging it has sold hundreds of guns to straw buyers that wound up in the hands of felons or at crime scenes in the city.”
• A gun shop in Mason, Michigan was sued over a murder-suicide that happened with one of its guns. News channel WILX reports that a 30-year-old male took a gun from a gun shop over to Joann Fabrics and killed his ex-girlfriend and then committed suicide. “The lawsuit is seeking at least $25,000 for funeral and burial expenses, pain and suffering, loss of Duncan’s earnings and financial support. The next step is for the defendants to respond.”
• Not so much a specific lawsuit but California proposed a bill that would let shooting victims sue firearm manufacturers and sellers.
  • Times are changing. Gun shops used to be immune to lawsuits under a federal law in 2005. Nowadays, gun shops are becoming vulnerable to litigation.