Individuals who own firearms required to obtain and maintain liability insurance, criminal penalties imposed, and firearm liability insurance surcharge imposed.

The Minnesota HF4820 bill requires firearm owners to obtain liability insurance for damages caused by negligent or accidental discharges. Insurers are required to pay for damages under these policies. Existing firearm owners must have insurance by February 15, 2027. The insurance must cover at least $250,000 per occurrence. Discounts can be given for completing safety training. Violators face misdemeanor charges, with increased penalties for repeat offenses. Law enforcement and active military personnel are exempt. Additionally, insurers must collect a surcharge on these policies to fund gun harm reduction efforts, effective January 1, 2027.

Supporters of the HF4820 bill may highlight its proactive approach to improving public safety by ensuring that firearm owners are financially prepared for potential accidents. The requirement for liability insurance encourages responsible gun ownership and could lead to increased use of safety measures, thanks to potential premium discounts. The creation of a gun harm reduction fund provides a fiscal resource for future safety initiatives, emphasizing community protection and gun safety education.

Critics of the HF4820 bill might argue that it imposes an undue financial burden on gun owners by mandating liability insurance and additional surcharges. They may view it as penalizing law-abiding citizens instead of addressing root causes of gun violence. The bill's penalties could be seen as disproportionately harsh, especially for repeat offenses, and there may be concerns over how this legislation impacts the affordability and accessibility of gun ownership.