Common Insurance Claims Filed by Firearm and Ammo Stores

Firearm and ammunition retailers face unique risks that can lead to insurance claims. Understanding the most common claims helps gun store owners select the right coverage and minimize financial losses. From liability incidents to inventory damage, proper insurance is essential to keep your firearm business protected.

1. Liability Claims

General liability claims are the most frequent for firearm retailers. These may arise from:

• Injuries to customers on store premises

• Property damage caused by store operations

• Legal claims related to the sale or handling of firearms and ammunition

Having adequate liability insurance ensures your store is covered against lawsuits and legal expenses, protecting your business from costly settlements.

2. Property Damage and Theft

Gun and ammo stores often carry high-value inventory, making property damage or theft a common insurance claim. Examples include:

• Fire damage to the store or inventory

• Burglary or theft of firearms, ammo, or accessories

• Vandalism to the property or display areas

Property insurance helps replace lost inventory and repair damage, allowing your store to continue operations without significant financial strain.

3. Product Liability Claims

FFL dealers face product liability claims when firearms or ammunition sold cause injury or accidents. Even if the product is used incorrectly, insurance coverage can help cover legal costs and settlements. This is critical for firearm retailers to avoid out-of-pocket losses that could threaten business continuity.

4. Workers’ Compensation Claims

If your store employs staff, workplace injuries are a common claim type. Workers’ compensation insurance covers medical costs, rehabilitation, and lost wages for employees injured on the job, ensuring compliance with state regulations and protecting your employees.

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How to Protect Your Store

Understanding these common claims helps gun store owners choose the right insurance policies. Specialized providers like Wexford Insurance offer comprehensive coverage tailored for firearm and ammo retailers. By requesting a customized quote, you can ensure your store has liability, property, product, and workers’ compensation coverage suited to your risks.

Request a free gun shop insurance quote from Wexford Insurance to protect your firearm and ammunition store from common claims.

FAQs

1. How can gun stores lower their business insurance premiums without sacrificing coverage?

2. How do gun store owners choose the right business insurance coverage?

3. Why do gun stores need liability and property insurance coverage?