Alarm & Safety Equipment Insurance Program from Bailey Special Risks
When it comes to protecting life and property, there is no room for error. A single sensor failure or installation mistake can lead to significant loss or liability. Bailey Special Risks, Inc. (BSR) offers specialized General and Professional Liability coverage for companies involved in the sale, installation, service, or monitoring of alarm and safety systems. Whether your client is a small startup or a national operation, BSR provides tailored insurance solutions to help mitigate the unique risks in this sector.
Ideal Accounts and Target Classes
This program is designed for insureds who are engaged in:
- Selling and installing fire alarms, burglar alarms, and surveillance systems
- Monitoring residential or commercial alarm systems
- Servicing and maintaining fire suppression systems
- Operating in residential, commercial, or mixed-use properties
BSR welcomes accounts of all sizes—from one-person operations to national providers. New ventures and established businesses are both eligible, making this program a great fit for agents working with a diverse client base.
Coverage Highlights and Advantages
This program offers a comprehensive suite of coverages to address the full range of exposures in the alarm and safety equipment industry. Key features include:
- General Liability and Professional Liability
- Bodily Injury and Property Damage
- Personal Injury and Advertising Injury
- Theft, Assault & Battery
- Punitive Damages (where insurable by law)
- Lost Key Coverage
- Errors & Omissions
- Blanket Additional Insureds
- Waiver of Subrogation
Flexible deductible and Self-Insured Retention (SIR) options are available to help meet your insured’s financial and operational needs.
Underwriting Guidelines and Program Details
BSR underwrites this program on a non-admitted basis through First Mercury Insurance Company. Accounts are evaluated based on operations, loss history, and safety procedures. The program is designed to be flexible and responsive, with coverage options for emerging risks and evolving business models.
Whether your client is launching a new business or expanding into new markets, BSR can offer a competitive solution tailored to their unique exposures.
Territories and Availability
This program is available in the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY.
Why Work With Bailey Special Risks?
Bailey Special Risks is a trusted wholesale broker with deep expertise in niche liability markets. Their focus on alarm and safety equipment exposures allows them to provide knowledgeable underwriting, fast turnaround times, and access to specialized carriers like First Mercury Insurance Company. Agents benefit from BSR’s ability to handle complex risks and provide flexible insurance solutions for both new and existing businesses.
For example, if you have a client who installs fire suppression systems in restaurants or provides home security monitoring services, BSR can help you secure the appropriate coverage to protect them from liability exposures that standard markets may not address.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for companies that sell, service, install, or monitor alarm and safety systems, including fire alarms, burglar alarms, and surveillance equipment.
Can new businesses qualify for coverage?
Yes, new ventures are eligible. BSR welcomes both startups and established alarm and safety companies.
Is this program available on an admitted basis?
No, this is a non-admitted program placed through First Mercury Insurance Company.
Are there options for Blanket Additional Insureds and Waiver of Subrogation?
Yes, both Blanket Additional Insureds and Waiver of Subrogation can be included in the policy, subject to underwriting.
Which states is this program available in?
The program is available in most states, including CA, FL, TX, NY, and many others. See the full list above for details.
Need help placing an account? Connect with a market specialist.