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If you run a security company in Australia, it’s important to have the right security company insurance in place.
This type of policy is written and designed to cover the specific risks faced by security businesses across Australia, which also includes added protections that don’t typically come as standard. This includes cover for use of force allegations, failure of duty claims, and incidents arising during patrols or crowd control operations.
Security companies face a level of liability exposure that standard business insurance simply isn’t built to handle. Whether you employ a team of guards or operate as a sole contractor, having the right insurance for your security company means you’re protected if something goes wrong on the job without it putting your business at risk.
Priority Insurance Brokers works with a panel of leading Australian insurers to compare security insurance options and find you the most competitive and comprehensive cover available.
Professional
tailored advice
Competitively
priced policies
Comprehensive
cover options
Professional
tailored advice
Competitively
priced policies
Comprehensive
cover options
What you need to know about
Insurance for security companies is specifically designed for businesses that provide guarding, patrol, monitoring, crowd control, or related services. Unlike standard business insurance, specialist security insurance accounts for the higher liability exposure that comes with working in this industry.
A security company insurance policy typically includes the following key protections:
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We understand that running a security company comes with a lot of moving parts. From managing staff and licences to keeping up with client contracts and compliance requirements, there is already plenty on your plate. Our brokers take the time to understand your specific security operations and what cover needs to be in place to properly protect your business. We work with you to make the process as straightforward as possible and make sure there are no gaps in your cover that could leave you exposed. We pride ourselves on not hiding behind the fine print.
Whether you are a sole operator or run a team of security guards, there are a number of other insurance policies that you will likely need to consider that go hand in hand with your security company insurance policy.
Other common policies that may be needed.
Other policies that we typically recommend alongside a security company insurance policy are:
Most insurers will offer a full package solution where they will accept Public Liability insurance, Professional Indemnity, and Workers Compensation under the one policy. This ensures that there are no gaps in cover and is much easier to manage, especially when your business grows and your insurance needs become more complex.
Security businesses operate in high-risk environments every single day. Whether you’re providing event security, retail loss prevention, mobile patrols, or close personal protection services, a single incident without adequate cover could result in a devastating financial claim against your business.
Beyond financial protection, having the right security insurance in place demonstrates professionalism to clients, satisfies contractual requirements for venues and events, and gives your staff confidence that they’re protected while on the job.
Without the right cover, you’re exposed to costly legal proceedings, out-of-pocket compensation payments, and potential loss of your operating licence. The risks simply aren’t worth taking.
Security insurance also plays an important role when it comes to winning new business. Many corporate clients, government contracts, and large-scale venues will not engage a security company unless appropriate insurance is in place and verified. Having the right policy can be the deciding factor between securing a contract or losing it to a competitor.
It is also worth considering that the security industry is heavily regulated across Australia. Licensing requirements vary by state and territory, and insurers will look closely at your compliance history when assessing your policy. Working with a broker who understands the industry means your business is presented accurately and professionally to the market, giving you the best chance of obtaining suitable cover at a competitive premium.
For security business owners, the question is rarely whether you can afford insurance. It is whether you can afford to operate without it. One public liability claim, one allegation of professional negligence, or one serious workplace injury could result in costs that far exceed what you would ever pay in premiums.
Getting the right security company insurance in place is one of the most important steps you can take to protect your business, your staff, and your reputation.
Standard business insurance policies are not designed to account for the elevated liability risks that come with operating a security business. Security insurance is specifically underwritten to cover the types of incidents common to security operations — including use of force claims, failure of duty allegations, and third-party injury during patrols or events. A specialist broker can help you find a policy that reflects the realities of your work.
While public liability insurance may not be a legal requirement in every state, it is almost universally required by clients, venues, and licensing bodies. Most security contracts will not proceed without evidence of adequate public liability cover — typically a minimum of $10 million. It is one of the most critical components of any insurance for security companies.
Professional indemnity (PI) insurance protects your business against claims arising from alleged negligence, errors, or failure to perform your professional duties. For example, if a client suffers a loss and alleges your security services were inadequate, PI cover can help manage the associated legal defence costs and any resulting compensation.
Yes. Workers compensation is a legal requirement in all Australian states and territories if you employ staff. It covers your security guards and team members for work-related injuries or illness. Given the physical nature of security work, this is a critical and non-negotiable part of your coverage.
Yes, though crowd control and event security are considered higher-risk activities by insurers. They will assess your claims history, staff qualifications, and operational procedures before offering terms. Working with a specialist broker ensures you are presented to market in the best possible way and can access the right cover for these operations.
Standard security insurance packages can be extended to include cover for business equipment such as radios, cameras, and uniforms, as well as commercial vehicles used in your operations. Ask your broker about bundling these into a comprehensive policy.
The cost of security company insurance depends on a range of factors including the size of your business, number of employees, types of services you offer, claims history, and the level of cover required. The best way to get an accurate figure is to request a personalised comparison quote through a specialist broker.
Even as a sole operator, your liability exposure is significant. Public liability and professional indemnity insurance are both strongly recommended, and many clients will require them before engaging your services. Priority Insurance Brokers can help identify cost-effective options suited to small security operators.
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