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Ryan Specialty National Programs
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Ryan Specialty National Programs
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Pawn Shop Insurance

Insurance for Pawn Shops

Ryan Specialty National Programs offers a comprehensive Pawn Shop Insurance Program designed specifically for the unique exposures of pawn operations. This program delivers exceptional value with competitive pricing, broad coverage terms, and flexibility to suit a wide range of pawn shop business models. With access to over 32 coverage extensions at no additional cost, this package is built to address the complex risks pawn shop owners face every day.

Ideal Accounts and Appetite

Our target classes include pawn shops that engage in the sale of:
  • Jewelry
  • Firearms (with proper state and local licenses)
  • Tools
  • Automobiles
  • Motorcycles (less than 10% of sales)
  • Boats (less than 10% of sales)
  • Recreational Vehicles (less than 10% of sales)
Additionally, pawn shops that offer check cashing and limited title pawn services (less than 10% of sales) are also eligible.

You may have clients who run small-to-medium pawn shops with diverse inventory or those with a focus on jewelry and firearms. This program is ideal for those seeking broad coverage, including protection for pledged and unpledged inventory, and is designed to accommodate complex operations without sacrificing underwriting clarity.

Coverage Highlights and Advantages

This package includes both standard and enhanced coverage options:

General Liability
  • Premises and operations
  • Products-completed operations
  • Personal and advertising injury
  • Medical payments
Property Coverage
  • Building and Business Personal Property
  • Business Income – Actual Loss Sustained
  • Block coverage (Jewelry and Firearms)
  • Pledged and Unpledged Inventory – no coinsurance
  • Equipment Breakdown
Included Enhancements (no additional charge)
  • Money and Securities – $10,000
  • Employee Dishonesty – $10,000
  • Property Off Premises – $10,000
  • Property Mailed or Shipped via USPS Express – $50,000
  • 32 additional coverage enhancements included
Optional Coverages
  • Product Liability for firearms and ammunition (up to $1,000,000 on qualifying accounts)
  • Employee Benefits Liability
  • Hired and Non-Owned Auto Liability
  • Employment Practices Liability
  • Cyber Liability

Underwriting Notes and Minimum Premiums

To submit an account, agents should include the following:
  • Completed Supplemental Application
  • 3 years of currently valued loss runs
The minimum premium for the package starts at $1,250, offering excellent value for robust coverage.

Territories and Program Availability

This program is written on a non-admitted basis and is available in 49 states, including DC. Ryan Specialty National Programs can support your placements nationwide, including in major markets such as CA, FL, TX, NY, and IL.

Why Work With Ryan Specialty National Programs?

As a trusted Program Administrator, Ryan Specialty National Programs brings focused underwriting, deep market access, and tailored coverage to niche industries like pawn shops. With a strong track record of developing specialty insurance programs, they offer agents and brokers a competitive edge when placing unique or hard-to-place accounts.

Contact us today to learn more about how the Pawn Shop Insurance program can help you serve your clients better.

Frequently Asked Questions

What types of accounts are a good fit for this Pawn Shop Insurance program?

Ideal accounts include pawn shops that sell jewelry, tools, firearms (with proper licensing), and a small percentage of vehicles like motorcycles, boats, or RVs. Operations offering check cashing or limited title pawn services are also eligible.

Is this program available in all states?

The program is available in 49 states and Washington, DC. It is written on a non-admitted basis and offers broad national accessibility.

What documentation is required to submit a risk?

Agents should submit a completed supplemental application and three years of currently valued loss runs to begin the underwriting process.

What is the minimum premium for this program?

The minimum premium for a package policy starts at $1,250, depending on the risk profile and coverage selected.

Are there any optional coverages available?

Yes, optional coverages include Cyber Liability, EPLI, Employee Benefits Liability, Hired/Non-Owned Auto Liability, and extended Product Liability for firearms and ammunition.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Program Administrator
  • Admitted:
    No States
  • Carriers:
  • Carrier Ratings:
    -
  • Commission:
    Competitive
  • Min Premium:
    Package: $1,250

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CONTACT INFORMATION

LOCATION

10150 York Road, 5th Floor
Hunt Valley, MD 21030
800-366-5810
0B84526
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AGENCY LICENSING

Broker Agreement
Agency and/or Individual Producer License(s)
Errors and Omissions Declarations Page (Min: $1M Limits)
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