Gunsmithing Gunsmith insurance and Borescope question??

[Mgordon]

I'm just wondering what type and with who do you have insurance for your gunsmith shop/business??

I'm checking around, but its looking like its slim pickings. My insurance agent knows nothing about guns and its trying, but its hard for him to come up with anything reasonable.

Also, I'm looking into getting my own borescope pretty soon and I'm wondering what you guys use. I was checking out Brownells and saw a 17 with a fixed focus, no aluminum box HERE for around 700, then there is the same model with an adjustable focus and aluminum box HERE for 850.

Do you need an adjustable focus? I'm pretty familiar with a 17" hawkeye and I never had to focus it with the sleeve or anything else. What do you guys think?

 

[Revenge Seeker]

Re: Gunsmith insurance and Borescope question??

Focus is a good thing to have, instead of just being able to see fouling and wear, you will be able to more closely see things such as micro-cracking and other minute details. YMMV!

 

[GasLight]

Re: Gunsmith insurance and Borescope question??

I am going to be headed down this road very soon as well. I think the best place is to go through is the NRA, or a NRA affiliated company. I haven't gotten any quotes at all, but they are recommended by a friend of mine who is a dealer and does some minor smith work.

Dave

 

[HarryCallahan]

Re: Gunsmith insurance and Borescope question??

Check with GLOWWORM, he seems to have a few on occasion.

 

[300sniper]

Re: Gunsmith insurance and Borescope question??

i am also curious as to insurance companies that will work with gunsmiths/gun manufactures and approximately what the rates are.

 

[Graham]

Re: Gunsmith insurance and Borescope question??

Is there a difference between insurance for gunsmiths and any other type of business insurance?

 

[GasLight]

Re: Gunsmith insurance and Borescope question??

Graham,

My current business liability insurance won't even offer a gunsmithing rider. I don't know why they think the liability is so much higher, but my current company doesn't like it at all.

The company my friend uses (I will ask him next time I see him who it is), bases their rates on how much business you do each year. I think the cut off is $50,000 or something, then it goes up...

Dave

 

[DAVETOOLEY]

Re: Gunsmith insurance and Borescope question??

Check with

Joseph Chiarello & Co., INC.
800-526-2199

www.guninsurance.com

It's what they do all the time.

 

[RWSGunsmithing]

Re: Gunsmith insurance and Borescope question??

Give Snyder ins. [not afilated or related] a call. this is who I go through for mine.

Try to speak to Brad James, 1309 962 6661.

Be sure to tell them I sent ya.

 

[oneeyedmac]

Re: Gunsmith insurance and Borescope question??

I think Brownells runs this site: http://www.gunsmiths.com/?mc_ID=2026 They will refer you to guninsurance.com and they can also help you get set up with a credit card processor.

Not only can insurance be hard to find some credit card processors won't work with the gun business either unless the customer is at the point of sale with the credit card. I use Bankcard Central and Authorize.net for processing cards.

 

[Keith Johns]

Re: Gunsmith insurance and Borescope question??

Consider how you set your business up. We covered this slightly in school recently.


If you have $1,000,000 insurance, people will try to get it. If you have no insurance, all they can take is your equiptment IF, your business is set up right. Not sure if it's an LLC, but I think thats what was talked about in class as being the safer route.

Point is, they can sue YOU, or they can sue your business, depending on how you set it up.
....someone correct me if I'm wrong about that as I'm not sure. People talked about it in class, but people are often wrong.

Are you worried about replacing work that got messed up/stolen, or are you worried about a big lawsuit over a dangerous happening?

 

[Keith Johns]

Re: Gunsmith insurance and Borescope question??

And I believe
Joseph Chiarello & Co., INC.
800-526-2199

www.guninsurance.com
Is who our instructor said he uses.

 

[Bryan27]

Re: Gunsmith insurance and Borescope question??

If your question has to do with insurance as protection in the event of a law suite against you, you should talk to a lawyer about setting up your business entity in the most benificial way for you.....insurance isn't going to help you in that situation. I'm not an insurance expert by any means, but once you have your business set up via a lawyer you will have a better idea of what your insurance needs will be. I would think that you'd at least want to have insurance enough to cover tools and equipment, inventory and the value of whatever customer guns you will have responsibility for in your posession....insurance that would cover damage, fire and theft mainly. Talk to a lawyer about ways of protecting yourself from liability issues.

 

[Tactical Support]

Re: Gunsmith insurance and Borescope question??

I use Joseph Chiarello & Co.INC. 800-526-2199

 

[Mgordon]

Re: Gunsmith insurance and Borescope question??

Well, I'm trying to do the safest, highest quality work, and my business is set up as an LLC.

Bottom line, where my shop is set up, the agreement is I have to have at least 2 million in insurance. My shop is located inside of another large work shop.

 

[oneeyedmac]

Re: Gunsmith insurance and Borescope question??

Two million is what I keep as an umbrella policy on my homeowners, think higher.