The Hartford doesn’t offer pawn shop insurance online, but a local agency or Tivly may be able to help you find the coverage you need. The following content includes information from various sources and can change over time.
What Is Pawn Shop Insurance?
Pawn shop insurance is another name for small business insurance. It’s a package made up of different types of business insurance coverages designed to help protect you from retail risks. Also known as pawnbrokers insurance, certain types of coverage can also help with employee-related claims, inventory damage or even vehicle accidents tied to pick-ups and deliveries.
Common types of coverage that may be part of a pawn shop insurance package can include:
- Business Owner’s Policy (BOP)
- Cyber insurance
- Workers’ compensation insurance
Although The Hartford doesn’t offer insurance for pawnbrokers, Tivly can help you get the coverage you’re looking for.
Why Might You Need Pawn Shop Insurance?
Pawn shop insurance can help you respond to the different challenges you may face while running your store. Although you’ve got security systems in place and a sharp eye on the shop floor, there are risks you can’t predict.
This insurance can help protect your pawn shop from many potential risks, like:
- Property damage: An electrical short damages your back-office equipment, forcing you to call a repair person.
- Bodily injury: A customer slips while walking into your store on a rainy day and blames you for not having a proper entryway mat.
- Vehicle accident: A staff member gets into a fender bender while delivering an item and you have to pay the damages.
Pawn Shop Insurance Coverages
When it comes to protecting your pawn shop, you’ll want to ensure you have coverage that matches your potential risks. Many pawn shop owners start with a Business Owner’s Policy (BOP) as the foundation of their insurance plan. It combines three types of coverage to help protect against everyday risks:
General liability insurance helps protect your agency from claims that it caused bodily injury or property damage to others. For example, if a candidate, visitor or delivery driver gets hurt on your property, this insurance can help pay for medical bills and lawsuits.
Commercial property insurance helps protect the owned or rented building you operate from, as well as the tools, equipment and supplies you rely on. These can include:
- Display cases and shelving
- Computers
- Storage
- Security cameras
- Furniture
Business income insurance helps replace lost income if you can’t operate temporarily because of covered property damage caused by fire, wind, theft or vandalism. This insurance can help you pay ongoing operating costs, such as payroll.
It’s important to know that a BOP won’t cover every kind of claim you might face as a pawn shop owner. You’ll need to get other types of insurance to have well-rounded protection, such as:
Workers’ compensation insurance to give your employees benefits to help them recover from a work-related injury or illness. This insurance can help pay their medical costs, ongoing care bills and replace lost income if they can’t work.
Commercial auto insurance to help cover claims from an auto accident that happened while you or an employee was driving a company-owned vehicle for work.
How Much Does Pawn Shop Insurance Cost?
The cost of pawn shop insurance varies because every business faces unique risks. Insurance companies may consider several factors when determining your coverage cost, including:
- Number of employees
- Location of your business
- Type of coverage
- Your claims history
- The limits you select for your coverage
Although The Hartford doesn’t offer coverage for pawn shops, here are the average costs our small business customers pay for common types of insurance. You can use this to help estimate your coverage costs:**
- BOP: $1,687 a year, or about $141 a month
- Stand-alone general liability insurance: $810 a year, or about $68 a month
- Workers’ compensation insurance: $1,032 a year, or $86 a month
- Professional liability insurance: $744 a year, or $62 a month***
The Hartford knows how important insurance is for small business owners. That’s why we connect you with Tivly, so you can get the coverage you need. To find out your specific pawnbroker business insurance costs, get a free quote online through Tivly.
General Liability Insurance
“A customer slipped and fell on our front steps after a snowstorm. I had to call an ambulance to take them to the hospital so they could get treated.”
General liability helps cover claims that your business caused bodily injury or property damage to someone else.
Business Income Insurance
“A water main burst in the strip where our pawn shop is located, and we had to close for almost two weeks.”
Business income insurance can help you continue paying ongoing expenses like rent, payroll and utilities when your business is unable to operate due to covered property loss.
Workers’ Compensation Insurance
“My store manager was moving a product into a display case when she tweaked her back. She went to urgent care and needed a few weeks of physical therapy to recover.”
Workers’ compensation insurance gives your team benefits to help them recover from work-related injuries or illnesses. It can help cover their medical bills and replace lost wages.
Hired and Non-Owned Auto Insurance
“I was driving to pick up supplies for our store when I accidentally hit a car while trying to park.”
Hired and non-owned auto insurance can help protect you or your employees on the road if you’re using a personally-owned vehicle for business.
Commercial Property Insurance
“A fire broke out in our back room, and it quickly spread throughout the store. We lost inventory, and some of our displays were damaged.”
Commercial property insurance helps protect your business' equipment, furniture and inventory from loss or damage caused by events like storms, fires or vandalism.
Bailee’s Coverage
“Someone came back to get the watch they pawned, and it was gone.”
Bailee’s coverage helps protect items that customers leave with you as collateral. If something goes missing or gets damaged while in your care, this insurance can help cover the costs to replace it.
Get a Quote for Pawn Shop Insurance Options
From break-ins to customer claims, even a small challenge can hurt your business. Tivly can help you get a quote for the coverages you need to stay on track.
Last Updated: October 23, 2025
2 Risk & Insurance, "Water Damage Claims Continue To Drive Non-CAT Property Losses”
3 U.S. Bureau of Labor Statistics, “Number of Nonfatal Occupational Injuries and Illnesses by Industry and Case Types, 2023”
4 U.S. Fire Administration, “Nonresidential Fire Estimate Summaries (2014-2023)
*** What you pay for professional liability insurance will vary by product, limits chosen and risk class or hazard group associated with your business.
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
The Hartford does not currently have a product available to provide the coverage described on this page. You are being referred to Tivly in an effort to connect you with a carrier who may provide this coverage. This link will redirect you to a third-party website, owned and operated by an independent party ("Tivly"). Any link you make to or from the Tivly website will be at your own risk. Any use of the Tivly website will be subject to and any information you provide will be governed by the terms of the Tivly website, including those relating to confidentiality, data privacy and security. The Hartford and its affiliates (collectively "The Hartford") do not endorse or approve and make no warranties, representations or undertakings relating to the content of the Tivly website. The Hartford assumes no liability for loss, damage and any other consequence resulting directly or indirectly from your access to the Tivly website or any information that you may provide on the Tivly website.
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