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It seems like everyone these days not only works but works all the time. Nights, weekends, where do we draw the line. Burning the midnight oil can be somewhat productive for the short term but if you end up doing this on a regular basis you'll get burnt out. Here's a good article with 5 Scientifically Proven Ways to Work Smarter, Not Harder. Read it here

If 2013 was the year for grappling with a slow economy, 2014 will be the year where security technology makes a resurgence, and not just for what it can do in the control room, but in a number of other ways. Here’s my prediction for nine critical physical security trends for 2014. Read full article here: 9 Critical Physical Security Trends for 2014

To obtain quotes I will need the Security Guard Supplemental Application completed and returned to my office. Any question that does not pertain to your operations can be left blank. Complete as much of the first 2 pages of the application as possible. If you have current insurance coverage I will need the currently valued loss runs from the carrier. If the security company is a new start up business I will need a copy of the owners resume showing experience and background in law enforcement and the security industry. It would also be helpful to review a copy of your standard client contract.

Once I have the Security Guard Supplemental Application, Owners Resume, loss runs and copy of Standard Contract I can begin the process of obtaining quotes.

Craig

Data Shows Large Increase in Employment Practices Liability Claims.

The U.S. Equal Employment Opportunity Commission (EEOC) reported that for the fiscal year of 2010, it received nearly 100,000 new charges of employment discrimination. This marks the most ever claims filed in the agency’s 45 year history and a 7.2% increase from 2009. What is Employment Practices Liability Insurance (EPLI)? Employment Practices Liability Insurance (EPLI) provides businesses coverage against claims made by workers who allege their rights as employees have been violated.  EPLI claims can include claims of Sexual Harassment, Race/Sex/Age/Religious Discrimination, Wrongful Termination, Wrongful Infliction of Emotional Distress, Negligent of Evaluation, Deprivation of Career Opportunity, Wrongful Discipline, Americans with Disabilities Act Violations, Etc. The EPLI policy will reimburse your company for the costs to defend a lawsuit in court and judgments and settlements. EPLI claims are excluded on the standard Comprehensive General Liability Insurance Policy. Average Cost and Trends of EPLI Claims.

• The average verdict in EPLI cases now exceeds $270,000
• Average cost to defend against an EPLI claim is over $45,000
• According to the Department of Labor, employees and other plaintiffs won 67% of all litigated cases.
• The average amount paid for out of court settlement is over $51,000
• 46% of all EPLI claims are brought against small employers with 10 to 150 employees.
• In 2010, there were 29,029 charges of sex-based discrimination claims brought against employers.

Protecting Your Security Guard Company against EPLI EPLI claims (Sexual Harassment, Discrimination, and Wrongful Termination) against private security guard companies are a growing problem for the security guard industry. The only insurance solution to this growing problem is Employers Practice Liability Insurance (EPLI). I can obtain a premium indication for you with minimal information. Contact my office to complete a 1 page application. Once I have this completed page I can obtain a quote for you. Craig Mount Phone 949-421-3524

This is the question I am asked most often. What is the cost of general liability insurance for a new start up security guard company? For the large percentage of start up security guard services the minimum premium will be between $2,500 and $4,000. The range depends on experience of owners, plans to use armed or unarmed guards, types of contracts you plan to obtain once insurance is placed. The deposit to bind this coverage ranges from $1,300 to $1,800 and the remaining premium can be financed and paid in 10 installments. More importantly, this policy you obtain for the premium is specifically designed to protect security guard companys. The policys include Assualt & Battery, Errors and Ommissions, Firearms Coverage, Care, Custody and Control, Punitive Damages, etc.  To obtain a quote I need:

• Completed Supplemental Application.
• Copy of Standard Contract (If you don't have one yet, I can email you a sample contract for your review)
• Resume of Principles detailing experience in law enforcement/security industry.

Once I have this information I can usually obtain a quote for you in 24 to 72 hours. As always, feel free to contact me directly to discuss your insurance needs. Sincerely, Craig Mount Direct Phone 949-421-3524

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