Security guards, security professionals—and anyone else employed in the security industry—are critical to the safety and security of businesses, government buildings, and individuals. They protect people and their belongings from fire, vandalism, theft, and risk of bodily harm. Even with the most basic security jobs, security guards are putting their lives and livelihoods on the line. Security guards serve to protect—so don’t they need the proper insurance protection? This is where security guard insurance comes into play.
Who Needs Security Guard Insurance?
While not an all-inclusive list, these are some of the security professionals that should consider security guard insurance:
- Guards for Armored Cars
- Detective Agencies
- Government Security Contractors
- Mall patrol
- Security Guards (armed and unarmed)
- Security Company
- Security Consultants
- Undercover Guards
- Personal Protection
- Parking Lot Patrol
- Patrol Agencies
Security Guard Insurance Policies You May Need
While some security guards receive comprehensive insurance protection through their employers, if you are an independent contractor you may be responsible to obtain security guard insurance coverage on your own. Whether you’re a security guard, an independent contractor, or own a security company, these are some of the most basic policies you need to consider:
General Liability Insurance: General liability insurance typically covers third-party bodily injury, property damage, accusations of libel or slander, claims of advertising injury, and medical costs or court settlements that may be associated. This is the best overall insurance coverage to protect you and your business.
Professional Liability Insurance: If you or your security guard were negligent in their duties or gave inaccurate advice to a patron they can be held liable. Professional liability insurance helps protect them if sued.
Workers’ Compensation Insurance: If a security guard is injured on the job, workers’ compensation coverage can help cover lost wages and the cost of medical expenses.
Commercial Auto Insurance: If you or an employed security guard uses a company vehicle—or their own vehicle—on the job, you need to obtain comprehensive commercial auto insurance in case of an accident where someone else's vehicle is damaged or another person is injured.
Other Important Insurance Coverage to Consider
Assault and Battery Insurance Coverage: many general liability policies exclude assault and battery. Because security guards jobs often result in the use of force, they are often commonly sued. People claim the use of excessive force—assault and battery coverage helps cover your court costs and any settlements if you are sued. Bars, night clubs, and even retail stores often add this coverage in case a client is injured during a bar fight or other excessive uses of force.
Umbrella Insurance: Sometimes your insurance coverage isn’t sufficient enough to cover the cost of damages or court settlements. Umbrella insurance covers what goes above and beyond your primary insurance coverage.
Examples of Why Security Guards Need Coverage
Example #1: You are a bouncer for a local nightclub. A couple of patrons start arguing and soon a bar fight is ensuing. You locate the offenders and throw them out. In the haste to end the fight, you’re a little rough with one of the drunk customers. As you shove them out the door, they fall down the stairs and break their arm. They sue you for assault and battery—but because you have assault and battery insurance coverage the cost of the suit is covered.
Example #2: You’re a security guard for a bank and an attempted robbery occurs. You managed to set off the security alarm and go to pull your gun—but the robber catches you off guard and shoots first. He shoots you in the shoulder and runs away. You’re unable to work for weeks as you recuperate from surgery. However, your workers’ compensation cover will cover your lost wages and medical expenses while you recuperate.
Example #3: You work as a security guard for a football stadium and scan attendees to make sure they aren’t bringing in any dangerous weapons. However, someone manages to sneak in with a small hand pistol. During the game they pull their gun. They were tackled by another security guard but managed to get a shot off, injuring another fan. You are sued for negligence and not performing your duties when you allowed the gunman into the stadium. However, your professional liability insurance steps in to protect you from liability for the incident.
Get a Free Security Guard Insurance Quote
If you need security guard insurance coverage as an independent contractor or as a security business, let us help connect you with the best insurance policy at the right insurance company. Contact us today to get an insurance policy to best protect your security company.