While some might argue it’s an unnecessary expense, security guard insurance is actually an invaluable asset. It’s not just about guarding against physical harm; it’s also about financial protection.
Ollis/Akers/Arney understands the unique risks security professionals face. They’re committed to finding insurance solutions that offer comprehensive coverage, ensuring guards, clients, and property are adequately protected.
It’s not a luxury, it’s a necessity.
Risk and Coverage
Given the heightened risks security guards face, it’s vital they’re adequately covered by specialized insurance policies. These policies need to consider potential issues like assault and battery lawsuits, failure to perform duties, and false arrests. Such policies must be comprehensive, incorporating professional liability insurance to address inaccuracies in reporting and general liability insurance to cover property damage due to negligence.
Additionally, business auto insurance is necessary for guards operating company vehicles. The level of coverage required hinges on the specific services provided. For instance, event security may necessitate more coverage than patrolling a vacant property.
The right insurance not only protects guards but also their clients and property. It ensures a shield against the unpredictable nature of their job.
Insurance for Companies
Regardless of their size, all companies offering protective services need to ensure they’ve got the right level of coverage to match the risks involved.
It’s crucial that each policy is tailored to the unique needs of the security guard industry. For instance, a business owner’s insurance policy (BOP) combines property and liability coverage, providing a safety net for potential damages.
Workers’ compensation is essential to cover injuries on the job, protecting both the company and its employees.
Cyber liability insurance is becoming increasingly important to guard against data breaches.
The specific coverage required depends heavily on the type of security services provided.
It’s clear that understanding these various insurance policies and their implications is vital for any security company’s risk management strategy.
Getting Started
To start the process, they can reach out to our independent agency to find the right coverage options tailored to their needs.
It’s essential to understand that each security service comes with unique risks, requiring specialized coverage. Whether they’re providing event security or patrolling vacant properties, the potential for assault and battery lawsuits, false arrests, and failure to perform duties is ever-present.
Thus, their insurance policy must comprehensively cover these liabilities. They’ll need professional liability insurance for reporting inaccuracies, general liability for any damage caused by negligence, and business auto insurance if they’re using company vehicles.
It’s not a one-size-fits-all situation. By contacting our agency, they’ll have access to an insurance policy that fits their business like a glove, addressing their specific needs and concerns.
Contact and Process
Reaching out to our offices in Springfield, Branson, or Bolivar, MO, is the first step they’ll need to take in this process. They’ll then be guided through a detailed analysis of their security service’s unique risks.
This involves understanding the extent of their operations, potential liability exposure, and the type of properties they guard. It’s crucial in determining the coverage types needed, whether it’s professional liability, general liability, or business auto insurance.
After this, they’ll need to fill out an insurance information request form. This doesn’t take long, and it’s a vital part of getting the right coverage. The form’s validation ensures accurate matching with suitable policies.
Lastly, they’ll have a consultation, either in person or remotely, to finalize their tailored insurance plan.
