Finding the correct security insurance policy is not always straight forward, as many insurers have recently been increasing the amount of exclusions on security insurance policies, to avoid larger claims.
As your broker, our job not only is to ensure that you are covered correctly, but also to ensure that as a client, you understand what insurances you require, and what insurances you are most likely to claim on.
We have compiled data regarding what insurances you are likely to claim on, and what the most common causes of these claims are, to help you to reduce the chances of your business being at risk.
Get yourself a security insurance quote today, just enter your details below, or call us now on 1300 859 381.
What you need to know about Security Insurance
Understanding the appropriate insurances when it comes to the security industry can be tricky, so we have listed a few of the main claim instances so you can see where your risk exposure may be.
Public liability is one of the highest claimed on policies when it comes to security. Some security guards may carry firearms, which increase the percentage of a bystander being injured if the worst were to occur.
Also, a security firm may be held accountable for their staffs misuse of authority, firearms or force. Professional Indemnity can play an important role in protecting your business if you made a false accusation, fail to protect the venue, or are in breach of confidentiality.
Making sure you have the right insurances in place is very important if you want to ensure the longevity of your security firm.
Crowd controllers can also have a high risk exposure due to the large volume of people at venues such as night clubs, bars and pubs. If you have any questions regarding the risks associated with running a security company, please call our office on 1300 859 381.