Philadelphia Insurance Companies (PHLY), a member of the Tokio Marine Group, has launched a new insurance product for retail gun stores and gunsmithing.
According to insurer, the Retail Gun Store product is designed to meet the unique needs of the ever expanding outdoor recreational industry.
The coverage enhancements provide a broad array of protection specific to retail gun store exposures including gunsmithing (repairing, modifying of fire arms), shooting ranges, firearm instructors, personal property of others and property off premises.
Philadelphia Insurance Companies assistant vice president Brent Skiles said adding Retail Gun Stores and Gunsmithing to PHLY’s product lineup is a natural and exciting progression in the evolution of outdoor program.
"Retailers and gunsmiths will find PHLY offers a ‘one-stop shop’ to fulfill property, auto, crime, professional liability and general liability insurance needs," Skiles said.