07ffl insurance?
- Thread starter Markg90
- Start date
It’s going to depend a lot on where you are and how many years experience (if any) doing that work. I’m assuming you have none and if you are in business haven’t been long if you don’t know what it costs so someone that’s been in business for years with no fuck ups is going to pay nowhere near what it will cost you. You could be looking at anywhere from $3K/yr to $10K/yr for general liability and insurance for the premises and equipment. What someone else is paying probably isn’t going to be applicable to you so you need to just get a quote for yourself. Most of the big companies won’t even take you on if you’re a new business in a high risk industry.
Call a local commercial insurance agent and tell them what you want and have them get you some quotes. It costs nothing but 30 minutes or so of your time and they do the leg work.
Some words of wisdom… there are a lot better industries to get into than custom rifle building. It’s not a high profit business and has a lot of expensive overhead. Not to mention in the age of buying actions and prefits and assembling your own shit at home the demand for custom rifle builders has decreased significantly. You could buy a CNC mill and learn how to run it and make a hell of a lot more money running parts and not dick with the liability and headaches of building rifles and making ammo for people or having an FFL and there’s job boards where you can start picking up projects immediately without spending a dime on marketing. My buddy left a prominent precision rifle builder where he was the gunsmith, started doing that with a Tormach and taught himself how to write programming from watching YouTube videos and now he runs a big ass machine shop at an indoor farm that’s all robotic.
I get that the dream of building precision rifles sounds cool and all, but actually making money is a lot fucking cooler.
Call a local commercial insurance agent and tell them what you want and have them get you some quotes. It costs nothing but 30 minutes or so of your time and they do the leg work.
Some words of wisdom… there are a lot better industries to get into than custom rifle building. It’s not a high profit business and has a lot of expensive overhead. Not to mention in the age of buying actions and prefits and assembling your own shit at home the demand for custom rifle builders has decreased significantly. You could buy a CNC mill and learn how to run it and make a hell of a lot more money running parts and not dick with the liability and headaches of building rifles and making ammo for people or having an FFL and there’s job boards where you can start picking up projects immediately without spending a dime on marketing. My buddy left a prominent precision rifle builder where he was the gunsmith, started doing that with a Tormach and taught himself how to write programming from watching YouTube videos and now he runs a big ass machine shop at an indoor farm that’s all robotic.
I get that the dream of building precision rifles sounds cool and all, but actually making money is a lot fucking cooler.
Not doing load dev or ammo but my insurance is a tad over $8k/yr.
Includes liability, contents of the shop and a few other things.
Your rate is going to depend on your annual $ sales, number of guns you build and a piss load of other info they ask for.
Not many insurers left that cover firearms related businesses.
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