Ideal Accounts and Appetite
We help agents place coverage for a wide range of pawn shop operations. Ideal accounts include:
- Retail pawn shops dealing in jewelry, electronics, tools, and firearms
- Shops offering cash loans secured by personal property
- Operations that purchase used merchandise for resale
Accounts with strong security protocols, inventory controls, and a clean loss history are preferred. This program is not intended for high-crime areas or operations with poor risk management practices.
Coverage Highlights and Advantages
Our Pawn Shop Insurance program is available on a monoline or package basis and includes a range of property, crime, and liability options to help protect your clients from common industry risks such as theft, property damage, and customer injuries.
Property Coverages Available:
- Building – Replacement Cost or Actual Cash Value (ACV)
- Business Personal Property – Subject to Evaluation Clause
- Business Income Coverage
- Basic, Broad, or Special Form – Excluding Theft
- Equipment Breakdown
- Accounts Receivable
- Computer Equipment
- Outside Signs
- Valuable Papers
Crime Coverages Available:
- Inside the Premises – Theft of Money and Securities
- Inside the Premises – Robbery or Safe Burglary of Other Property
- Outside the Premises
General Liability Coverage Includes:
- Primary limits up to $3,000,000 Occurrence / Aggregate
- Hired and Non-Owned Auto Liability
- Products/Completed Operations – Excluded
- $5,000 Medical Payments Coverage – Included
- Additional Interests – Included at no charge
- Excess or Umbrella limits up to $25,000,000
- No Deductible Required
Underwriting Notes and Minimum Premiums
Minimum premiums vary based on location, size of the operation, and coverage selections. Underwriters review each submission carefully, with attention to security measures such as alarm systems, safes, and surveillance. Providing complete and accurate application details helps expedite quoting and improve pricing.
Territories and Availability
This program is available in the following states: AK, CA, ID, MT, NV, NM, ND, OR, UT, WA, and WY. Coverage is placed on a non-admitted basis through various carriers, allowing for flexible underwriting and tailored solutions.
Why Work With Cochrane & Company?
Cochrane & Company is a trusted Managing General Agency (MGA) with deep expertise in niche and hard-to-place risks. Our Pawn Shop Insurance program reflects our commitment to providing agents with access to tailored markets and competitive options for specialized retail operations. Our responsive underwriting team and strong carrier relationships help you secure the right coverage for your clients — quickly and efficiently.
Contact us today for fast, competitive quotes on your pawn shop accounts. We're here to help you grow your book with confidence.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for traditional pawn shops that engage in selling, buying, or lending against personal items like jewelry, electronics, tools, and more. Accounts with good security practices and clean loss histories are preferred.
Is theft coverage included in the property section?
No, theft is excluded from the property coverage forms. However, theft-related exposures can be addressed through the crime coverage options available in the program.
What states is the Pawn Shop Insurance program available in?
The program is available in AK, CA, ID, MT, NV, NM, ND, OR, UT, WA, and WY.
What is the minimum premium for this program?
Minimum premiums vary depending on the size and scope of the operation, location, and selected coverages. Contact Cochrane & Company for a customized quote.
Do you offer package policies or only monoline options?
Both monoline and package policy options are available, allowing flexibility based on your client’s specific needs.
Need help placing an account? Connect with a market specialist.