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Key Elements of Providing Excess and Surplus Security Guard Insurance to Your Clients

The private security industry is growing and continuing to diversify into different sectors with a wide range of different job responsibilities and target markets. If your client is an independent contractor or has a company that offers services as security guards, doormen, or security consultants, or works in armored cars or private patrols, having security guard insurance is absolutely crucial to minimize the risk of liability claims and lawsuits that can shut down a business. Here are key elements of insurance to keep in mind when looking for security guard insurance coverage:

  • Assault and battery insurance: This component of insurance covers your client and their employees in the event of an occurrence in which reasonable physical force is necessary to protect people or their client’s property. In the event that a security professional has to restrain someone in the reasonable course of fulfilling their job responsibilities, knowing that you’re covered in the event of a claim or lawsuit can help minimize the stress of an already stressful encounter.
  • Abuse and molestation coverage: Sometimes security guards are required to use physical restraint and can be seen as the bad guy of a conflict. No matter the quality of the services a company offer or the true facts of the situation, having coverage in the event of allegations of abuse is critical to maintaining the function of the day-to-day business. Proactively having abuse and molestation coverage helps protect the asset of your client’s security company in the event of actual or alleged incidents.
  • The difference in Conditions: Similar to excess general liability insurance, this component of insurance coverage helps to fill in the gaps in insurance policies. It provides additional limits of coverage for specifically identified risks and factors, and it can be tailored to the specific services your client’s company offers.

If you’d like to learn more about why Prime Insurance Company is a preferred provider for security guard and private security companies, please contact us here. We’re happy to help you find the right elements of coverage for your business’s array of services, coverage requirements, and insurance concerns.

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