What is security business insurance?
Policies are specifically designed to address the needs of security companies and their employees. As such, they focus on risks unique to the industry while also covering more general business concerns. From property damage and legal liabilities to employee injuries and vehicle cover, security insurance protects businesses in myriad ways, ensuring security firms can continue operating despite unforeseen challenges.
Who benefits from security insurance?
Security insurance is available for various individuals and organisations in the security sector and benefits all who work in the industry.
- Security guards – companies that provide on-site security for clients need insurance to protect against legal claims, injuries, time off work and property damage.
- Private contractors – individuals who offer protection services on a contract basis need extensive coverage to mitigate the risks inherent in the work.
- Bodyguards – security agents and organisations safeguarding well-known or high-profile individuals also benefit from insurance.
- Event security—whether it is music concerts, festivals, or political conferences, event security poses unique risks and often involves crowd control duties, adding to the risk.
- Door security – often utilised outside clubs, bars, restaurants and shops, door security guards regularly face threatening behaviour and require appropriate insurance.
- Security equipment providers – specialising in security cameras, alarms and sensors, these businesses need cover to protect against equipment failure, legal claims and property damage.