How to Get Security Guard Business Insurance for Your Protection Company
- 5 hours ago
- 2 min read
Running a protection company comes with serious responsibility. Whether your guards are stationed at commercial properties, events, or residential communities, your business faces daily risks. Securing the right security guard business insurance protects your company from lawsuits, employee injuries, property damage claims, and costly legal fees. Understanding how to get proper coverage ensures your protection company remains compliant, credible, and financially secure.
1. Assess Your Security Guard Business Insurance Risks
Every protection company has different exposure levels. Armed guards, mobile patrol units, and event security teams carry higher liability risks than unarmed or static guards. Consider factors such as number of employees, types of contracts, use of firearms, and whether company vehicles are used.
Common risks include:
Bodily injury claims
False arrest or wrongful detention allegations
Property damage
Employee injuries
A thorough risk assessment helps determine the type and limits of insurance your security guard company needs.
2. Understand Security Guard Business Insurance Coverage Options
A comprehensive insurance package for a protection company typically includes:
General Liability Insurance: Covers third-party bodily injury and property damage. Policies often start at $1 million per occurrence.
Professional Liability (Errors & Omissions): Protects against claims of negligence or failure to perform duties.
Workers’ Compensation: Required in most states for employee injuries.
Commercial Auto Insurance: Essential if guards use company vehicles.
Annual premiums vary depending on company size and risk.
3. Compare Security Guard Business Insurance Providers
Not all insurers understand the unique risks of the security industry. Work with a provider that specializes in high-liability businesses. Look for flexible coverage limits, competitive pricing, and industry experience. Comparing quotes ensures you receive proper coverage without overpaying.
4. Meet State Licensing and Contract Requirements
Most states require security companies to carry specific insurance limits before licensing approval. Additionally, many commercial clients require proof of insurance with minimum liability limits of $1–2 million before signing contracts. Securing the correct policy protects both your business and your client relationships.
5. Work with a Specialized Insurance Agency
Choosing the right partner simplifies the process. Wexford Insurance offers tailored insurance solutions for protection companies, including armed and unarmed security firms. Our expertise ensures your coverage meets legal requirements while protecting your assets and reputation.
If you’re ready to secure coverage, request a customized quote today and protect your security guard business with confidence.
