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What Security Company Insurance Coverage Do You Absolutely Need?

Even the best physical safety companies can’t avoid all the risks. Bad things happen every day out of our control. Even if it does not completely eliminate the risk, it can be limited. And the fewer events you have to report on Security Company Insurance, the lower the number of monthly premiums. It is therefore important to have high training standards to reduce the risk of accidents.

General Liability Insurance

General liability insurance, also known as commercial liability insurance, is one of the most common insurance policies a business can take. Many companies, regardless of industry, need this policy.

Professional Liability Insurance/Errors & Omissions

Occupational liability insurance, often referred to as error and omission insurance, covers things that are not included in general liability insurance. This protects the business from negligence claims. When it comes to security, it can sound like bad advice during counseling or theft because the guard forgot to lock the door during the guard’s visit. Some insurers include occupational liability insurance as part of their general liability policy. This will help simplify your policy and may even make your rewards cheaper.

Assault and Battery Insurance

Battery and battery insurance is a specific type of liability insurance that covers physical or even mental damage caused by a security guard. Even if the agent resolves the physical dispute perfectly, your case will not get rid of the lawsuit. This insurance is usually done in places like bars and nightclubs where people are more likely to engage in forced drinking. But it’s increasingly common in retail stores to protect security guards in situations where they have been violently stolen or have Walmart customers.

Firearm Insurance

As the owner of a security company, the last thing you want is to steal the gun or put it back in place. This includes gun insurance. This will cover some or all of the cost of replacing the weapon in your business. You will also want to take a closer look at any insurance policy you may want to consider to cover how to cover gun insurance liability. If a firearm is stolen and subsequently used in a crime, your case could be taken to court for negligence. Weapon insurance can help limit your liability and / or cover court costs.

Workers’ Compensation

The physical safety industry can be very dangerous, especially for security guards working in the field. When something happens to your employees, making sure they take care of them should be a top priority. Employee compensation is a common insurance policy for many businesses. There aren’t many changes in the area of ​​physical safety other than injuries.


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Joined: October 17th, 2019
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