Connect insurance to the operation
Security-company insurance should reflect the services promised by contract, armed or unarmed duties, client locations, employee screening and training, use of force, vehicles, protective equipment, incident reporting, and the severity of a claimed failure to protect. Specialist coverage planning for security guard firms, patrol operations, contracts, employees, vehicles, equipment, and allegations of negligent protection.
Size, location, and scope of operations
Review the current operation, credible loss scenarios, management controls, contracts, requested limits, and the policy terms intended to address this issue.
Loss history and management controls
Review the current operation, credible loss scenarios, management controls, contracts, requested limits, and the policy terms intended to address this issue.
Selected coverage structure and retained risk
Review the current operation, credible loss scenarios, management controls, contracts, requested limits, and the policy terms intended to address this issue.
Risks that deserve specific attention
Alleged negligent security, failure to protect, excessive force, detention, or civil-rights violations
Describe where the exposure occurs, who controls it, how frequently it arises, what could make a loss severe, and which documented controls are in place.
Employee injury, weapons, client premises, patrol vehicles, and third-party property damage
Describe where the exposure occurs, who controls it, how frequently it arises, what could make a loss severe, and which documented controls are in place.
Contractual liability, professional errors, cyber systems, crime, and high-severity incidents
Describe where the exposure occurs, who controls it, how frequently it arises, what could make a loss severe, and which documented controls are in place.
Coverage areas to coordinate
General and professional liability written for security operations
Confirm limits, deductibles, covered entities, locations, operations, exclusions, endorsements, and how this protection coordinates with the rest of the program.
Workers' compensation, commercial auto, property, crime, and cyber
Confirm limits, deductibles, covered entities, locations, operations, exclusions, endorsements, and how this protection coordinates with the rest of the program.
Umbrella or excess, EPLI, inland marine, and bonds where required
Confirm limits, deductibles, covered entities, locations, operations, exclusions, endorsements, and how this protection coordinates with the rest of the program.
Build a useful submission
- Describe every operation, ownership entity, location, service, customer type, and material change since the prior policy began.
- Provide current revenue, payroll, values, vehicles, equipment, contracts, and currently valued loss information when available.
- Explain significant claims, near misses, corrective action, safety procedures, training, maintenance, and management oversight.
- Identify requested effective dates, contract deadlines, lender or landlord requirements, desired limits, and deductible preferences.
Questions the review should answer
How will the program address alleged negligent security, failure to protect, excessive force, detention, or civil-rights violations?
Connect the answer to the appropriate policy, limit, deductible, endorsement, exclusion, operational control, and recovery plan.
How will the program address employee injury, weapons, client premises, patrol vehicles, and third-party property damage?
Connect the answer to the appropriate policy, limit, deductible, endorsement, exclusion, operational control, and recovery plan.
How will the program address contractual liability, professional errors, cyber systems, crime, and high-severity incidents?
Connect the answer to the appropriate policy, limit, deductible, endorsement, exclusion, operational control, and recovery plan.
Frequently asked questions
What information helps prepare a Security Companies insurance insurance cost factors review?
Start with a clear description of the operation, locations, ownership, revenue, payroll, property, vehicles, contracts, current insurance, and loss history. For security companies, pay particular attention to alleged negligent security, failure to protect, excessive force, detention, or civil-rights violations, employee injury, weapons, client premises, patrol vehicles, and third-party property damage, contractual liability, professional errors, cyber systems, crime, and high-severity incidents.
Which policies commonly deserve attention for security companies?
The starting coverage areas include general and professional liability written for security operations, workers' compensation, commercial auto, property, crime, and cyber, umbrella or excess, epli, inland marine, and bonds where required. Actual needs depend on the operation, contracts, locations, people, property, vehicles, services, and available market terms.
Coverage descriptions are general. Eligibility, availability, limits, deductibles, valuation, exclusions, and policy terms vary by operation and insurance market. Actual policy documents control.