What Insurance Do Security Guard Companies Need to Stay Protected?
- Nate Jones, CPCU, ARM, CLCS, AU
- Sep 25
- 2 min read
Updated: Sep 29
Running a security guard company means taking on high-risk responsibilities - protecting people, property, and valuable assets. Whether your business provides executive protection, retail security, or construction site patrols, having the right insurance coverage is critical to staying protected and compliant.
At Wexford Insurance, we specialize in providing tailored business insurance solutions for security guard companies across the United States. Here's a breakdown of the essential insurance types, every security guard business should consider.
1. General Liability Insurance
Why it matters:
General liability insurance is the foundation of protection for security companies. It covers third-party bodily injury, property damage, and legal defense costs.
Example:
If a guard accidentally damages a client’s property during patrol, general liability insurance covers the repair costs and any legal fees if the client sues.
Estimated Cost:
$2,750–$3,500 annually for low-risk operations.1
2. Professional Liability Insurance (Errors & Omissions)
Why it matters:
This coverage protects your business from claims of negligence, failure to perform duties, or errors in judgment.
Example:
If a client alleges your team failed to follow protocol during a break-in, professional liability insurance covers legal fees and settlements.2
Estimated Cost:
$500–$1,800 annually.3
3. Workers’ Compensation Insurance
Why it matters:
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 slips on a wet floor and injures their back—workers’ comp pays for treatment and recovery time.2
Estimated Cost:
$0.75–$2.74 per $100 of payroll.3
4. Commercial Auto Insurance
Why it matters:
If your company owns vehicles for patrol or transport, commercial auto insurance is essential. Personal auto policies won’t cover business use.
Example:
A guard gets into an accident while responding to a call—commercial auto insurance covers vehicle damage and medical costs.1
Estimated Cost:
$1,200–$2,500 per vehicle annually.3
Why it matters:
Protects your office space, surveillance equipment, and other assets from fire, theft, or vandalism.
Example:
A fire damages your monitoring equipment—property insurance helps cover replacement costs.2
Estimated Cost:
$1,000–$3,000 annually depending on property value.
Final Thoughts
Wexford Insurance understands the unique risks security guard companies face. We offer customized insurance packages that include:
Whether you're a startup or an established firm, Wexford Insurance helps you stay protected and compliant. Contact today!
