Security Guard Insurance

Security guard insurance, or security company insurance, is insurance that helps protect your business in the event the unexpected happens. Given the nature of your business, you are at risk for many types of claims such as assault and battery, lost keys, and damage to your clients’ property while in your possession. You can even protect yourself should your employees steal a client’s property. In general, security guard insurance, or security company insurance, can protect almost every aspect of your business.

Security guard insurance coverage can protect almost every aspect of your business. A well-rounded security guard insurance program will cover general risks like your vehicles, equipment, building or property, your employees in the event they get hurt, your reputation, your clients’ data, injury to others, property damage to others, and many other risks. But it should also include coverages specific to your business, like coverage for lost keys, assault and battery, and employee crimes like theft. Speak with an insurance agent that specializes in security guard insurance so you can learn about your options and devise a program that makes sense for your business and budget.

The premium for the various types of security guard insurance coverages will vary depending on many factors, such as the size of your company, number of employees, your previous claims history, the value of your equipment and property, and the policy limits and deductibles that you choose. The cost of your security guard insurance policy, or security company insurance policy, will likely be significantly less than if you have to pay for an unexpected claim out of your own pocket. Speak with an insurance agent that has expertise in security guard insurance to learn more about your options.

Crime insurance coverage is typically part of your security guard insurance program. It covers a range of risks, such as: employee dishonesty, forgery, computer fraud, funds transfer fraud, kidnap, ransom, extortion, money and securities coverage, and money orders and counterfeit money coverage. As an added component of your security guard insurance program, you can invest in a fidelity bond to protect yourself from intentional acts by your employees—such as theft, embezzlement, or employee misconduct. Given the inherent risks with your business, having a comprehensive security guard insurance program can save your business in the event of the unexpected.