Business insurance for video games

**NYJets12** · 08-01-2006 12:41 PM

Hello everyone, I just joined up after searching Google and came upon this board.
I'm going to open a PC repair shop and sell video games . 75% games - 25% pc.
the question i have is is there any Insurance company that covers Video games for Business Insurance? My local Insurance agent[State Farm] told me it's a high risk and doesn't think he'll cover it but will find out for sure for me in a few days so I'm not getting my hopes up. I searched the net but no luck. Hopefully someone here has a gaming store or knows someone who does and can help me out.
Thank You for your help.

**Bored** · 08-01-2006 03:08 PM

Maybe you can try contacting this guy http://www.stevepavlina.com

He is an entrepreneur who was in the gaming industry for a while.

**WanganRunner** · 08-01-2006 04:20 PM

Why on earth would video games be a particularly high-risk class of insurance?

Seems like any other inventory to me.....

I mean, if you were selling 10 carat diamonds, that'd be one thing...but games?

It's got to be the same way that any other business insures their inventory.

**Bored** · 08-01-2006 05:20 PM

Originally Posted by WanganRunner

Why on earth would video games be a particularly high-risk class of insurance?

Seems like any other inventory to me.....

I mean, if you were selling 10 carat diamonds, that'd be one thing...but games?

It's got to be the same way that any other business insures their inventory.

Maybe young shoplifters?

**chem** · 08-01-2006 10:39 PM

We sell computers, computer hardware, and games at work and our business insurance was CHEAP and very easy to get.

Weird you can't get it.

**WanganRunner** · 08-02-2006 06:49 AM

Yeah, something doesn't add up here.

Games are LESS susceptible to shoplifting than most other inventory because you just display empty cases and then have the shxt locked up in a cabinet.

Whoever told you that it's "high risk" doesn't know wtf they're talking about, talk to someone else.

**NYJets12** · 08-02-2006 01:24 PM

I went to my State Farm agent and he told me Video games are a high risk becuase of the high theft rate. I live in PA.
I'm no insurance agent but all i can figure it may be certain states are more high risk than others.
I contacted another person from another board who recently opened a gaming store and he uses travelers insurance, lucky for me there's 3 travelers insurance agents in town. I hope they give me it.
I'll check your link out Bored to also.
Thanks for your help guys and gals.