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Specialized Insurance for Your Pawnshop Business

Pawnshops also are known as pawnbrokers. This type of business gives loans to customers that provide security of valuable items, like jewelry, watches, gold coins, musical instruments, TVs or computers as forms of equivalent collateral. In the event the customer does not repay the loan by the agreed-upon time limit, the pawnshop takes ownership of the given collateral and can sell it. It is common for a pawnshop to also buy personal items and sell them.

Necessary insurance coverage includes property on an ‘all-risk’ basis that incorporates transit exposure. The chief exposure in regard to a pawnshop is theft in relation to bank vaults or in transit from the store location to the vault. In general, pawnshops have considerable quantities of gold, silver, platinum, diamonds and additional precious gems and metals. Because of this, they need a jewelers’ block proposal, as well as coverage forms. Moreover, the valuable items that are pawned as security for customers require coverage for property of others.

PRIME Insurance uses its expertise and association with scores of the leading insurance carriers to locate customized pawnbrokers insurance packages, inclusive and beyond the coverages mentioned above.

Some of these include:

  • Employee theft insurance
  • Auto pawn vehicles insurance
  • Business personal property insurance
  • Business interruption insurance
  • Commercial General Liability insurance
  • EPLI
  • Cyber Liability insurance


Speak to us for individualized attention, guidance and related specialized insurance.


PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTrust, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage at competitively lowest quotes. Visit us on our online insurance website; email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!


Summary: Pawnshops operate in a unique fashion and faces unique exposures. PRIME Insurance presents a synopsis on the required coverages.