Police Supply Store Insurance

How to Insure Your Police Supply Store

(Protecting your business has never been easier)

police supply store insurance

Police supply stores sell a variety of equipment and supplies for police departments, individual police officers, private security officers, security companies, contractors, military, fire companies, EMS, and more.  

Your products include items such as:

  • Apparel and footwear
  • Firearms, ammunition, and accessories
  • Body cameras and radios
  • Batons, pepper spray, handcuffs, and restraints
  • IDs, badges, belts, and holsters
  • Body armor, tactical gear, knives, bags, packs, and flashlights
  • Riot and crowd control equipment
  • Rescue and medical supplies including gloves, disinfectants, and medical and trauma kits
  • Traffic safety and crowd control equipment and supplies
  • Training gear
  • Office equipment and organizational tools 

Every police supply store is unique and needs business insurance that is equally customized. A local independent insurance agent can help you get the coverage you need to protect your police supply store from unexpected financial losses. 

Why Do You Need Police Supply Store Insurance? 

Police supply stores sell very specialized products and equipment to law enforcement agencies, individual officers, and other agencies. In order to ensure that you can serve your customers, you must invest in insurance policies to protect your business assets from the following potential risks:

  • Accidents such as trips and falls in the store or parking lot
  • Shopping carts or store fixtures causing injury or property damage in the store or parking lot
  • Lawsuits related to faulty products or other negligence claims
  • Damage to your inventory due to some catastrophic or unexpected event (fire, smoke, weather, vandalism, etc.)
  • Loss of income due to a catastrophic or unexpected event
  • Equipment damage
  • Employee theft of cash or inventory 
  • Delivery drivers involved in automobile accidents
  • Selling faulty products
  • Employee lawsuits related to discrimination or other claims
  • Cyber breaches

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What Does Police Supply Store Insurance Cover? 

Police supply stores need insurance coverage that protects against their unique risk exposures. This typically starts with a package of basic property and liability protection. 

  • Commercial general liability (CGL) insurance is critical for any retailer including police supply stores. It protects you from costs related to bodily injury or property damage that you or your employees cause to third parties. CGL policies also cover your defense costs, court costs, and court-ordered judgments that you must pay. 

A CGL policy responds to simple trip and fall incidents in your store (e.g., a customer trips on an upturned rug and breaks her ankle), and it covers you if you’re responsible for damaging someone’s property. CGL policies also cover claims of slander, libel, and advertising liability. 

  • Commercial property insurance is essential for proprietors who own their buildings or whose business handles a large volume of expensive inventory. Business property insurance protects you if fire, vandalism, smoke, theft, or other type of event damages your property. It provides coverage for lost inventory, office equipment, computers, and more. 

Police supply store owners must pay particular attention to the valuation of their business property, especially inventory, as it may fluctuate seasonally. 

Your independent insurance agent can help you make sure you have sufficient coverage for your building, inventory, and any other commercial property such as a warehouse, office space, office furniture, store fixtures, and more. 

  • Commercial property insurance policies usually include business interruption coverage or business income coverage, which protects your earnings if your business is unable to operate because of damage caused by some type of disruption (fire, hail, wind, equipment breakdown). This coverage is usually quite affordable and will be invaluable if you are forced to close your doors for a period of time in order to make repairs. It pays for rent, employee salaries, lost income, relocation fees, and more. 

You can expand your business interruption coverage to include coverage for breakdowns in utility services (water, electrical) that force you to temporarily close your doors. 

  • If you own commercial vehicles and make deliveries to police departments or other agencies, you need commercial auto insurance. Business auto insurance covers your company’s vehicles (cars, SUVs, vans, and trucks) and drivers  that are damaged or injured in a collision or some other type of event. If you or your employees drive personal vehicles for business purposes, you must have non-owned or hired auto liability coverage to protect your company if an employee is in an accident while out making deliveries.

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A Note About Firearm Retailers and Lawsuits

If you own a police supply store, you might be wondering about your liability risk if a firearm sold at your store is later used to commit a crime or in some other illegal manner. 

Let’s say a police officer’s spouse takes his off-duty weapon that was purchased at your store and uses it to intentionally shoot someone. Could the injured person’s family sue your store because you sold the gun? 

In this case, it’s not likely that you’d be held responsible for the actions of the officer’s wife since the gun was legally purchased for the officer himself. A 2005 federal law called the Protection of Lawful Commerce in Arms Act (PLCAA) shields gun makers and retailers from civil liability in these types of cases. 

But that doesn’t mean you won’t be sued. If, for example, you knowingly sell a gun to a straw purchaser (someone who purchases a gun for someone else who would not pass the background check) and that gun was used to commit a crime, you could be sued and found to be negligent. 

In general, if you do not follow all state and federal laws regarding the sale of firearms, you can be found guilty of negligent sale of a gun. You have a responsibility to conduct all applicable background checks and a reasonable responsibility to ensure that the person who is purchasing the weapon is the person who will be using it. 

If you do not take these reasonable precautions, you are making yourself vulnerable to legal action in the event of an accident or a crime. Your general liability insurance policy responds to these types of lawsuits. It will help you pay for your legal defense and any financial payouts to injured parties that result. 

The Importance of Product Liability Coverage for Police Supply Stores

Don’t be fooled into thinking that only the gun manufacturer can be held responsible if a firearm is faulty in some way. Any company that participates in bringing a faulty product to market can be included in a lawsuit and held liable for damages to the user. 

Claims for product-related damages are usually related to manufacturing or production flaws, design defects, or defective warnings or instructions. Common problems with firearms include:

  • Firearm malfunction that causes an injury to a user or a bystander
  • Failure to appropriately communicate instructions and safety concerns

If you are determined to be negligent in the sale of a defective firearm, you can be sued and required to pay for medical costs, compensatory damages, attorney fees, court costs, and more. 

Product liability insurance covers your financial responsibility for losses or injuries to a user, buyer, or bystander caused by a defect or malfunction of a product that you sell. Your CGL policy might cover some product liability claims, but that coverage may be limited and insufficient for your needs. 

An agent who has experience working with gun retailers can help you determine how much and what type of product liability coverage you need. 

Do You Need Any Other Police Supply Store Insurance? 

In addition to the coverage types described above, police supply stores will want to consider some of the following types of business insurance. Whether or not you need them depends upon your unique risks. 

How Much Does Police Supply Store Insurance Cost? 

Insurance costs are hard to predict for any business because every business is unique. 

Your costs will depend on the type of coverage you need and the coverage limits you require to adequately protect your commercial property and the liability risks that you face. 

Insurance companies who specialize in businesses like yours will evaluate your unique characteristics including: 

  • The location of your store
  • The amount and value of your inventory
  • Whether or not you own your building
  • The number of employees
  •  The crime and weather risks in your area
  • The location of your store
  • The amount and value of your inventory
  • Whether or not you own your building
  • The number of employees
  •  The crime and weather risks in your area

These factors and others will determine your cost for coverage. 

Find and Compare Quotes

An independent insurance agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice. 


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Benefits of an Independent Agent

Our agents simplify the search process for finding the right police supply store insurance. They’ll walk you through the handpicked policy options and explain the details and options.

Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately. 

The Lowdown on Online Quotes

Online quotes can be tempting. They are fast and easy to get, but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.  

Online quotes can’t and don’t see the whole picture. They can omit important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of. 

Instead of getting an online quote, find an independent insurance agent now and get one-on-one consultation and affordable options for the best coverage for your unique needs.

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TrustedChoice.com Article | Reviewed by Paul Martin

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