PawnMaster Blog

Scott Sweeney

Senior Sales Executive Specialty Risks Division Marshall & Sterling, Inc. 110 Main St., Poughkeepsie NY 12601 O - 845-454-0800 Ext. 2247 M - 845-242-8832 Celebrating Over 150 Years In Business (1864-2017)

Recent Posts

Pawning, Selling and Trading Firearms

“Pawn, Sell and Trade” As part of the pawn business model, it goes without saying that a shop can expect to not only see firearms heading out the door, but also being brought in by customers for pawning, sale, trade, or even gun-smithing  services.

Some risk-reducing measures to consider:

Liability issues with pawnshop selling firearms to the public

Lawsuits against firearm dealers generally are filed under one of two theories: irresponsible distribution of
firearms that arm those breaking the law and unsafe design of firearms. This latter category is applicable
to not only a firearm manufacturer, but also to firearm sellers.

Why Choose Employment Practices Liability Insurance?

From the moment you start the pre-hiring process until the exit interview, you are vulnerable to an employment-related lawsuit. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations. If not, there is an insurance solution called employment practices liability that protects against wrongful termination, discrimination or sexual harassment suits from your current, prospective or former employees. This coverage applies to Directors, Officers and employees, and can sometimes extend to third party liabilities.

Understanding Firearms Liabilities in Your Pawn Shop

Today I would like to discuss the topic of firearms and the types of liability that firearms create for you and your business. Many of our Pawnbrokers who deal in firearms and ammunition and or conceal or open carry weapons in their stores must understand the increase in liability it creates when running their business.

Employment Practices Liability Insurance: Crucial for Small Businesses

According to a recent study, more than half of all claims filed for employment-related liabilities are against employers with fewer than 50 employees. Alarmingly, the study also reveals that not even 2% of small businesses have employment practices liability (EPL) coverage.

Pawnbroker Safety Programs and Your Bottom Line

According to the Occupational Safety and Health Administration (OSHA), workplaces that establish safety and health management systems can reduce their injury and illness costs by 20- to 40 percent. Safe environments also improve employee morale which positively impacts productivity and service. When it comes to the costs associated with safety, consider the following statistics from OSHA:

Posted on 17 May 2017

Your alarm system only plays the first part in protecting your property; you, as the business owner play the second part

Getting a good alarm system installed in your shop doesn’t guarantee that you won’t suffer a burglary loss. 

Recently, one of our customers in the western part of the country suffered a large burglary loss. The customer had a very good alarm system, (UL Certified Central Station Grade AA, Safe Complete), which covered the entire perimeter of his shop and his safe. One evening he received a phone call from his alarm company notifying him of an alarm condition at one of his stores. The customer sent one of his managers to the store to meet the police.

10 Steps to Harden the Target

With all of the economic uncertainty going on in this Country and with unemployment still high, we have seen an increase in violent robberies and burglaries across the Nation. We thought it important to provide the Pawnbroker community with a few reminders on some best practices for security.

Introducing Scott Sweeney, The Insurance Blogger

Hi Folks,

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