What is Security Guards and Patrol Agencies Insurance?
Security guards and patrol agencies insurance is a specialized type of business insurance designed to protect companies that provide security services. Whether you run a private security firm, offer mobile patrol units, or provide on-site guards for events or facilities, this insurance helps cover the unique risks involved in protecting people and property.
Who Needs It
Any business that provides professional security services should consider this coverage. This includes:
- Private security companies
- Nightclub and event security providers
- Retail and mall security firms
- Mobile patrol services
- Armored car services
- Bodyguard or personal protection services
What It Typically Covers
This type of insurance package may include several important coverages, such as:
- General Liability: Covers third-party bodily injury or property damage claims.
- Professional Liability: Also known as errors and omissions insurance, this protects against claims of negligence or failure to perform duties.
- Workers’ Compensation: Required in most states to cover employee injuries on the job.
- Commercial Auto: Covers company vehicles used for patrol or transport.
- Property Insurance: Covers damage to your office, equipment, or surveillance gear.
Common Exclusions and Limitations
While coverage can be broad, it often excludes:
- Intentional or criminal acts by employees
- Unlicensed or improperly trained personnel
- Claims related to firearms, unless specifically endorsed
- Contractual liabilities not covered by the policy
Always review your policy to understand what is and isn’t included in your coverage.
Factors That Influence Cost
The cost of security guards and patrol agencies insurance varies based on several factors, including:
- Size and type of your security operation
- Number of employees and their training levels
- Use of firearms or specialized equipment
- Claims history
- Locations and types of clients served
Proof of Insurance & Compliance
Clients often require proof of insurance before hiring a security firm. In many states, certain coverages may be necessary for licensing or contract compliance. Be sure to understand your local requirements and keep your Certificate of Insurance (COI) up to date.
How to Get a Quote
Protect your business and your team with the right insurance coverage. Get a quote today to explore your options.
Frequently Asked Questions
Do security guard companies need professional liability insurance?
Yes, professional liability insurance helps protect against claims of negligence, errors, or failure to provide promised services.
Is workers’ compensation required for my security staff?
In most states, workers’ compensation insurance is required if you have employees, including full-time, part-time, or contracted guards.
Does this insurance cover armed security guards?
Coverage for armed guards may require special endorsements. Always disclose firearm use to your insurer to ensure proper coverage.
Can I get insurance if my company uses patrol vehicles?
Yes, commercial auto insurance can be included in your policy to cover patrol cars or transport vehicles used in your operations.
What happens if I don’t carry the required insurance?
Lack of insurance may result in fines, loss of contracts, or denial of licensure, depending on your state or local regulations.
Still have questions? Talk to a local insurance expert.