Workers’ Comp Insurance Requirements for Security Guard Staff
- 3 hours ago
- 2 min read
Operating a security guard business comes with high-risk responsibilities. Employees face potential injuries on the job, from slips and falls to confrontations with aggressive individuals. Understanding workers’ compensation insurance requirements is essential for protecting your staff and your business from costly claims and legal penalties.
Why Workers’ Compensation is Essential for Security Guard Employees
Security guard staff are exposed to unique hazards, including physical confrontations, emergency responses, and long hours standing or patrolling. Workers’ compensation insurance covers medical expenses, rehabilitation costs, and lost wages if an employee is injured on duty. Without proper coverage, your security guard business could be liable for these costs out-of-pocket, risking financial stability.
State Requirements for Security Guard Workers’ Comp
Most states mandate workers’ compensation coverage for all employees, including security guards. Compliance ensures your business meets legal obligations and avoids fines or penalties. Requirements vary by state, so it’s important to understand the specific rules where your security guard company operates. Coverage typically includes medical care, disability benefits, and death benefits if a workplace incident results in fatality.
Factors Affecting Workers’ Comp Insurance Costs
Premiums for security guard workers’ comp insurance depend on several factors:
Number of employees and total payroll
Risk level of duties (armed vs. unarmed, mobile patrol vs. static)
Claims history of the company
Location and local labor regulations
Small security firms may pay $2,500–$5,000 annually, while larger companies with high-risk operations may see premiums of $10,000–$20,000 or more per year. Implementing safety programs and employee training can reduce costs.
Coverage Benefits for Security Guard Staff
Workers’ comp insurance protects both employees and the company. It ensures employees receive proper medical care and financial support during recovery while shielding your business from lawsuits related to workplace injuries. For high-risk roles such as armed patrols or event security, adequate coverage is critical.
Partner with a Specialized Insurance Provider
Choosing a knowledgeable provider simplifies compliance and risk management. Wexford Insurance specializes in workers’ compensation policies for security guard companies, helping you select the right coverage for your staff and business. Request your personalized quote today from Wexford Insurance to ensure your company and employees are fully protected.
