Protection for auctioneer businesses against the unexpected.
Auctioneer liability insurance built to safeguard your business.
We design insurance policies specific to each auctioneer’s business. We can calculate how much and what type of coverage to offer and how much it will cost. It’s our way of helping you—the auctioneer.
E. R. Munro and Company can design and underwrite an insurance program specific to each auctioneer’s business. Your business may need:
The basic building block of an auctioneer’s protection plan is liability insurance. Liability insurance protects your assets should you be held responsible for accidents and/or damage that occur during your auction. The cost is based on an auctioneer’s annual payroll.
We can provide coverage for your office or business to include:
- Sound Systems
- Telephone Systems
- Theft, Burglary, and Robbery
- Protection at the Cost to Replace
We can protect the building or buildings you own with property insurance. Protection will be for the cost to rebuild with the same like, kind, and quality of materials and workmanship. $500, $1,000, and $2,500 deductibles are available. Vandalism, fire, lightning, windstorm, and many more hazards are covered.
Custody and control is available through consignment coverage to insure the property of others in your care. E. R. Munro and Company can provide consignment coverage based on the value of your customer’s property. This coverage also includes property being held in your storage facility or in transit.
Workers’ Compensation Insurance
This coverage is required in most states when you have people helping you at an auction, even if they are volunteering their time. It pays their medical bills if they are injured while helping at an auction. In severe cases, it will pay their lost wages when they cannot return to work.
We normally do not provide workers’ compensation insurance unless you have it now and have had it for at least the past three years without interruption. If you have never had workers’ compensation insurance, we can “steer” you to your “state fund” which will work directly with you to obtain the workers’ compensation insurance you are required to have by state law.
Errors and Omissions (E&O) Insurance
This coverage protects you financially if you must make up for a shortfall in sales to your client due to an error or omission on your part. Some sellers demand this policy in their contracts with auctioneers.
Are you still in need of your auctioneer bond?
In order to secure an auctioneers’ license, the bond must be filed with the state before an individual can begin the process of becoming an auctioneer. Visit our auctioneer bonds page to view our rates and terms offered in your state.
Why choose E. R. Munro and Company?
E. R. Munro and Company is a proud member of the National Auctioneers Association, Indiana Auctioneers Association, Michigan State Auctioneers Association, Ohio Auctioneers Association, Pennsylvania Auctioneers Association, and the West Virginia Auctioneers Association.
Auctioneer Liability Insurance Application
Please download the auctioneer liability insurance application from our insurance application page below.
For answers to questions on your particular auctioneer insurance needs, contact Greg Magnus at [email protected] or at extension 157.
Auctioneer Liability Insurance Information Request
As an independent agency, we are here to help you find the right coverage.
It only takes a minute to get started.
- Fill out the form, we’ll be in touch.
- Review options with an agent.
- Get the coverage you need.