Pawn Shop

Save up to 30% on your business insurance

Pawn Shop Protection: Insure your assets, no pawning around!

At Coverage Cowboy, we understand the unique insurance needs of pawn shop businesses. Our tailored policies offer protection against theft, liability, and other potential risks associated with your industry.

Our experienced agents will work closely with you to create a customized insurance plan that provides comprehensive coverage for your pawn shop. Trust Coverage Cowboy to keep your business safe and secure.
  • General Liability
  • Workers' Compensation
  • Commercial Auto
  • Commercial Property

We’ll help you get the insurance coverage you need for your business.

See the different policies available for Pawn Shop businesses and save up to 10% when you bundle!


General Liability

Bought by 95% of business owners like you

General liability insurance is essential for pawn shops, as it safeguards the business from potential financial losses. This type of insurance covers costs that may arise from accidents, like a customer slipping on a wet floor and getting injured. For example, if a valuable item gets damaged during a transaction, general liability insurance can help cover the repair or replacement costs, keeping the pawn shop’s reputation intact and finances secure.

General Liability can help you pay for:

Medical payments

Property damage

Legal fees and judgments

Commercial Auto

Commercial auto insurance is essential for pawn shops that use vehicles for their daily operations, such as picking up and delivering valuable items. This insurance protects your business from potential financial losses in case of accidents or damages involving your company vehicles. For example, if your pawn shop’s van gets into a fender-bender while transporting a valuable antique, commercial auto insurance will help cover the repair costs and protect your business from any liability.

Commercial Auto can help you pay for:

Medical expenses

Collision repairs

Rental reimbursement

Workers' Compensation

Workers’ compensation insurance is essential for pawn shops to protect both the business and its employees. In case of an unfortunate event, like an employee accidentally dropping a heavy antique and injuring their back, this insurance covers medical expenses and lost wages. By having workers’ compensation, pawn shop owners can ensure a safe work environment and financial security for their hardworking team.

Workers' Compensation can help you pay for:

Medical expenses

Lost wages

Employer liability

Commercial Property

For business owners that own or rent physical spaces

Commercial property insurance is essential for pawn shop owners to protect their valuable assets and investments. This insurance covers damages caused by events like fires, theft, or natural disasters, ensuring your pawn shop can bounce back quickly. For example, if a sudden storm causes a tree to fall on your shop, commercial property insurance can help cover the costs of repairs and replacing damaged items.

Commercial Property can help you pay for:

Damaged equipment and inventory

Lost income

Operating expenses

Frequently Asked Questions about Pawn Shop business insurance

What is the importance of business insurance for Pawn Shops?

Business insurance is crucial for pawn shops due to the unique risks they face. Some key reasons to have insurance include:

  • Protecting valuable inventory: Pawn shops handle a variety of items, making it essential to have coverage in case of theft, damage, or loss.
  • Liability protection: Insurance safeguards against lawsuits arising from accidents or injuries that occur on your premises.
  • Employee coverage: Workers’ compensation insurance helps you take care of your staff in the event of work-related accidents or illnesses.
  • Peace of mind: Adequate insurance coverage allows you to focus on your business, knowing that you’re protected from unexpected financial burdens.

At Coverage Cowboy, we understand the unique needs of pawn shops and are here to help you find the right insurance policy to keep your business secure.

What do I need to get an insurance quote?

To get an insurance quote for your pawn shop, you’ll need to provide some basic information:

  • Business name and contact details
  • Location and size of your pawn shop
  • Estimated annual revenue and payroll
  • Number of employees
  • Inventory value and key assets (e.g., safes, security systems)
  • Types of items you accept and any specialty services offered

Once you’ve gathered this information, you’re ready to request a personalized insurance quote. Our Coverage Cowboy team is dedicated to helping you find the right coverage at an affordable price!

Can I add an additional insured to my business insurance coverage?
Absolutely! It’s easy to add an additional insured to your business insurance policy to provide protection for a specific project or to meet a contractual requirement.

At Coverage Cowboy, we understand the importance of having the right coverage for your business, and we’re here to help you every step of the way. We’re happy to inform you that we offer the option to add additional insureds to your policy.

This is done to give peace of mind knowing that all parties involved in your project or contract are covered in the event of any unexpected losses or liabilities. It’s a simple process, and one of our insurance experts will be happy to guide you through it.

Don’t hesitate to reach out to us, we’d be more than happy to help you add an additional insured to your business insurance policy today!
How can I get a Certificate Of Insurance (COI)?
Once you sign up and purchase your business insurance, you will instantly have digital access to your COI via mobile or PC.


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Our live and friendly U.S.-based insurance experts are standing by to help you with all your insurance needs.

Our live and friendly U.S.-based insurance experts are standing by to help you with all your insurance needs.