Neighborhood Security Patrol Insurance: What You Need to Know
- Nate Jones, CPCU, ARM, CLCS, AU
- Sep 25
- 2 min read
Updated: Sep 29
Neighborhood and residential security patrol companies play a vital role in keeping communities safe. Whether your team monitors gated communities, apartment complexes, or suburban neighborhoods, your guards face daily risks—from property damage to personal injury and legal claims.
To operate confidently and meet client expectations, having the right insurance coverage is essential. At Wexford Insurance, we specialize in providing tailored business insurance solutions for security guard companies across the United States, including those focused on residential and neighborhood patrol services.
General Liability Insurance
This is the foundation of protection for any security firm. General liability insurance covers third-party bodily injury, property damage, and legal defense costs.
Example:
If a guard accidentally damages a resident’s property or a visitor trip during a patrol, general liability insurance helps cover medical bills and legal fees.
Typical Premiums:
$2,750–$3,500 annually for low-risk operations.
Professional Liability Insurance (Errors & Omissions)
Professional liability insurance protects your business from claims of negligence or failure to perform duties.
Example:
If a resident alleges your team failed to respond to a suspicious activity report, this coverage helps with legal defense and settlements.
Typical Premiums:
$2,500–$3,000 annually.
Workers’ Compensation Insurance
Security guards face physical risks daily. Workers’ comp covers medical expenses and lost wages if an employee is injured on the job.
Example:
A guard sprains their ankle while patrolling a residential complex—workers’ comp pays for treatment and recovery time.
Cost Estimate:
$0.75–$2.74 per $100 of payroll.
Commercial Auto Insurance
If your company uses vehicles for patrol or site visits, commercial auto insurance is essential. Personal auto policies won’t cover business use.
Example:
A guard gets into an accident while driving between neighborhoods—commercial auto insurance covers vehicle damage and liability.
Typical Premiums:
$1,200–$2,000 per vehicle annually.
Commercial Property Insurance
Security firms often operate from offices or store surveillance equipment. Commercial property insurance protects against fire, theft, and vandalism.
Example:
If a fire damages your monitoring equipment or office space, this insurance helps cover replacement costs.
Estimated Cost:
$550–$800 annually for basic coverage.
Final Thoughts
Neighborhood and residential security companies face unique challenges—from patrolling quiet streets to responding to emergencies in gated communities. Without proper insurance, a single incident could result in costly lawsuits or operational downtime.
Whether you're a startup or an established firm, Wexford Insurance helps you stay protected and compliant. Contact us today to get a quote and secure your business.
