Pawnbrokers Workers Compensation Program Insurance

Program Manager:  Union Life & Casualty Insurance Agency, Phoenix, AZ

 SIC Code:         5392

The Travelers Pawnbrokers Program offers Workers Compensation coverage for retail pawnshops that specialize in two main functions:  Making short term loans using personal property pledged as collateral; and sale of secondhand merchandise.  Pawnshops will range from operating out of a single location to multi-location and multi-state operations.

Accounts inside of the program parameters:

• Secondhand retail operations with sales focusing on jewelry, household items, musical instruments, and electronic equipment
• Are members of the National Pawnbrokers Association
• Minimal check cashing operations

Accounts outside of the program parameters:

• Receipts are greater than 30% in gun /ammunition sales
• 24 hour operations
• Higher then expected loss frequency

Coverage offered in the program is Workers Compensation / Employers Liability:

• Limits ranging from 100/500/100 up to 1000/1000/1000
• Available in all states, excluding monopolistic

Travelers National Programs has a dedicated underwriting and claim handling staff that offers an expertise in the Pawnshop operations along with numerous service benefits that include:

• 24 Hour Claim Reporting - with several claim reporting options
• Broad Network of Medical Professionals which offer quality care at a competitive market price
• Local Point of Contact with dedicated case managers to assist with the claim process and help maintain communication between all parties
• Industry's first Injured Workers Web Site which offers an array of reference material and self care tips
• Fraud prevention and litigation management
• Dedicated Risk Control consultants

For further information on the Pawnbrokers Program please contact:

Laura Sullins
Program Underwriter
Union Life & Casualty Insurance Agency
602.277.5555
laura@pawnins.com
www.pawninsurance.com