• Product Liability Coverage
• Cyber Liability Coverage
Selling sporting goods comes with many of the risks that general retailers face, as well as potential risks that are specifically related to the sporting goods sold. One way that sports stores in Vermont can protect themselves from many of these general and specific risks is by purchasing sporting goods store insurance.
Sporting goods store insurance is a specialized commercial insurance that’s uniquely designed to meet the needs of stores that sporting goods. Because these stores face multiple risks, most policies come as package policies that have multiple coverages within them.
Any Vermont retailer that specializes in sporting goods may benefit from the protections that a sporting goods policy affords. This includes both general sporting goods stores, as well as specialized stores that focus on hunting, biking, golfing, skiing or other outdoor activities.
In particular, stores that sell firearms should look for a sporting goods policy that’s well-designed to protect against their potential risks. Selling firearms generally presents increased risk exposure, as stores could be responsible if there’s a gun accident. Highly specialized gun store insurance policies normally take such increased risk into account and offer additional protection.
Stores that are unsure whether they need a sporting goods policy should consult with a specialized insurance agent. An agent who’s familiar with gun store insurance, ski store insurance and other sporting goods store policy options will be able to guide a store toward the right type of policy.
Sporting goods store policies make a variety of coverages available. While not every policy offers every coverage, many policies make certain coverages commonly available. Some of these common coverages include:
Businesses that have high levels of inventory at certain times of year may supplement their commercial property coverage with an endorsement that increases their property protection. An endorsement adds a specific protection onto a policy, and one for increased inventory coverage is sometimes available.
Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.
Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!
Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.
Selling guns or other weapons presents significant potential risks, as an accident can have potentially lethal consequences. In order to protect against weapon-related risks, stores that sell these items should seek out a gun store insurance policy that comes with high limits. An insurance agent can help determine exactly how high a store’s limits should be.
Importantly, stores that purchase gun store insurance often have specific safety protocols to follow. These protocols are required in order to reduce the risk of an accident, and they should be followed at all times. Not following protocols could potentially jeopardize a gun store policy’s protection.
Premiums for sporting goods store policies vary, depending on a store’s location, items sold, coverages needed and other factors. An independent insurance agent can help stores request quotes from multiple insurers to see how much insurance will be in a given situation.
For help insuring a sporting goods store that’s located in Vermont, get in touch with the independent insurance agents of Paige & Campbell Insurance. Our agents can help you compare policy options from many insurance companies in the state, and we have the expertise necessary to help you decide which sporting goods store insurance policy best meets your store’s needs. With our assistance, you can be confident that your store is well-protected.
Barre
P.O. Box 469
297 North Main Street
Barre, VT 05641
(802) 476-6631
Bradford
P.O. Box 392
25 North Main Street
Bradford, VT
(802) 222-5222
Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!