Security and insurance are two services that are forever intertwined. The more secure your job site, the less you're going to have to pay for insurance. This applies to almost every field: with a safer car you pay less for auto insurance, better cybersecurity can lower business coverage, and taking care of your body can reduce health insurance costs.
The less of a risk you are taking on a day-to-day basis, the less money you're going to be paying for insurance, and even better: the less likely you are to ever need to cash in on your policy in the first place.
It's good to know that someone has your back in case you get into an auto accident, for instance, but isn't it better to not get into an auto accident in the first place?
Keeping security staff on the grounds can help in a number of ways:
- Quick response: Security staff can be tasked with handling emergency protocol, from directing ambulances to offering first-aid (basic first-aid training being a licensing requirement for security officers in many states).
- Discouraging theft and vandalism: The presence of a uniformed officer goes a long way toward discouraging would-be criminals from targeting your job site over an unguarded location, even though many officers are not permitted to engage physically except in life-or-death situations.
- A friendly face: A security officer can act as both a guard and a receptionist, helping visitors around the site and taking notes as needed.
- Lower insurance: Because of the services that security officers provide, you can often expect lower insurance costs and fewer instances where you must call on your insurer.
For coverage that focuses on alarms, monitoring, and related equipment, see Electronic Security Insurance.
When arranging a budget with a client, it may be a good idea to talk about budgeting for security staff; obviously not every building project demands round-the-clock security, and even on jobs where security can be a big help you might only need them nights and weekends. For policies that cover guarding and patrol services, see Security Patrol Agencies Insurance, or talk to an agent to review options specific to your project.
In any event, simply not leaving a building site unattended overnight can go a long way toward lowering your insurance costs and making sure someone is there to handle problems that arise when nobody on your team is around to manage them.
Frequently Asked Questions
How does on-site security lower insurance premiums?
Insurers often reduce premiums when risk controls—like on-site security, lighting, or alarm systems—lower the likelihood of claims such as theft or vandalism.
Do security guards need special training to affect insurance costs?
Yes; basic first-aid and documented emergency procedures can make security more effective and may be considered favorably by insurers.
Are electronic systems treated differently than personnel by insurers?
Insurers evaluate both physical guards and electronic protections; each can reduce specific risks and may qualify you for different discounts or endorsements.
What should I discuss with an agent when budgeting for site security?
Ask about coverage limits, endorsements for security services, required documentation for risk controls, and whether patrols or alarms affect your premium.