If your business is looking for security company insurance policies that are specifically tailored to your industry then we are here to assist you. Our insurance brokers work with security companies of all sizes.
We can assist security companies and workers that do:
Don’t spend countless hours shopping around, we provide you the most competitive options the first time.
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What you need to know about
As a business or contractor operating in the security industry, your licensing requirements will usually require you to hold public liability insurance policy. However, security guards and contractors should also consider a number of other extensions to this policy to ensure that they are covered correctly.
Security guard public liability insurance policies are generally tailored to the specific needs of your security operation.
Why should you use Priority Insurance Brokers to arrange your Security Public Liability Insurance?
We have all the answers to your questions about
The first insurance policy that you need for a security company is Public Liability insurance for security guards.
Your public liability insurance for security companies will cover you for personal injury or property damage that you are liable for.
This is a large exposure for security companies and individual guards due to the nature of your business.
Due to the complexity of the environment that you work in we also recommend reviewing or adding in extra covers depending on the industries that you work in.
Did you know that a number of insurers don't provide commercial motor insurance for security companies?
You might be asking yourself why this is. The reason is, like police cars, these cars generally get targeted for malicious damage and vandalism.
This is why it's important to ensure that if you have a fleet of patrol cars they are covered correctly.
For larger vehicles fleets we can obtain flexible fleet insurance which typically works out competitive and flexible to your needs.
If you have an office or fixed business premises then business property insurance will cover the equipment inside these premises for fire, storm, and perils cover.
There are also a number of additional options that you can include such as:
If you are offering consultancy services to your clients then you should consider professional indemnity insurance.
This can be in the form of design or installation works on behalf of your clients.
We understand that running a security company takes a lot of work and as a business owner you’re expected to be across every part of your business. We have made our process as simple as possible.
All of our clients have a dedicated account manager. Someone who is ready to provide you insurance advice whenever you need it.
that we specialise in
Most security companies will offer alarm monitoring services to their clients. After working with many security companies previously we know the right policies to have in place that protect you and your business. Key components of this cover are higher limits for things like loss of keys, errors and omissions cover.
Crowd-controlling activities can be difficult to source if you are trying to manage your insurance yourself. We work with a number of underwriting agencies that extend their cover for security companies insurance policies to cover crowd control services for concerts, nightclubs and licensed bars.
Security patrol companies are often included under our security company insurance packages. Extensions to this cover will usually include cover for things like loss of keys, medical malpractice first aid cover, cash in transit cover, and cover for your care, custody, and control of other people’s belongings.
Speak with one of our Brokers who can discuss your business operations on a discovery call.
We will then put together an overview of what types of insurance policies you need
We will present you with insurance options, quotes and outline anything else that should be considered.
Discuss payment options. All of our policies can either be paid annually or monthly.
Unfortunately, over the last couple of years, security liability insurance has been difficult to place due to a number of insurers and underwriting agencies no longer offering this cover.
This is mainly due to poor performance meaning that the exposure became too great for some insurers to still offer this cover due to the cost of claims outweighing the premium collected.
It is not uncommon for security companies to engage in multiple business activities. Insurers will usually ask for an overall percentage split of what business you do and will usually be able to cater to your requirements.
If however, your business has a too high of a percentage in certain activities then they may not be able to provide you cover.
When quoting for public liability insurance for security guards most of the main insurers won’t provide a quote for any security operations. Some will provide a quote and apply endorsements to the policy that limits their exposure to certain types of claims.
This is why your security liability insurance should be placed with an insurer that has a tailored policy for your industry.
It is quite difficult to respond to this, and until an overview of your activity is supplied, no generic price can be given.
Depending on your activities, we contact a number of insurers to make sure you have a high-quality insurance policy at a reasonable cost.
It is true that licencing standards exist, however they may vary from state to state. In general, you will be required to submit a certificate of insurance for your security public liability insurance coverage when applying for a security licence.
Subcontractors typically need to carry their own public liability insurance, whereas employees are covered by your security liability insurance.
While your insurer will probably react to a claim brought about by a contractor’s negligence, they often have a duty under your policy that they maintain their own coverage apart from yours. Contractors are treated as separate business organisations.
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