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Security
Insurance
Independent service from your local insurance specialists
Need a security business insurance quote? Let the independent specialists at your local Coversure compare their markets to find you quality security insurance protection. Your local Coversure office can tailor protection to your business's needs, so start your quote today.
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Contact us to get your Security insurance quote
What Is Security Insurance?
Security insurance is a specialist form of protection designed to meet the needs of security firms and other professionals such as guards and door supervisors. Security business insurance is a flexible policy, and thanks to our close connections to a range of leading insurers, your local Coversure office can offer cover to:
- Mobile and static security guards
- Door supervisors/bouncers
- Close protection operatives
- Event security staff
- Site security staff
- Security firms
These are just some of the professions we can help. If you’d like to know more or discuss a specific issue, please contact your local Coversure. They’ll be able to offer you independent advice and offer you a security insurance quote.
Who Can Get Security Insurance?
Above, we’ve mentioned a few professions that can take advantage of this type of policy. As security insurance is so broad, it can assist a wide range of jobs in various sectors, including:
- Dog handlers
- Door supervisors
- Security companies
- Mobile guards
- Static guards
- Cash carriers
- Security officers
- Drug detection teams
- Night security guards
- Event staff
If your role isn’t mentioned above, but you believe that you could benefit from a security insurance policy, talk to your local Coversure broker. They’ll listen to your needs and advise you on the best solution for your needs.
What can Security Insurance cover?
A security insurance policy through Coversure can offer you the following important protections*:
Loss of keys
If you hold clients’ keys to the place you’re protecting, then loss of keys cover gives you total peace of mind. If you lose your keys, then this will assist with the costs of replacing them. Better yet, if your keys are stolen and the premises burgled, your loss of keys insurance could help with the costs of replacing losses
Wrongful arrest
This could be vital for you if you work as a door supervisor or guard. Wrongful arrest cover defends you against legal fees and costs if your actions or testimony leads to somebody bringing claims against you for wrongful arrest. When tempers fray after one too many drinks, this policy could protect both your finances and your reputation
Cash carrying liability
Do you need to carry money in your job? If you own a cash collection company responsible for collecting and transporting large volumes of money from your customers to the bank, you’ll want this in place. This will protect you from threats that can arise when you are transporting cash, money stored on your premises, and even personal assault cover if you are unable to work following an attack
Security dog liability
If you use a dog for either guarding, drugs, or explosives detection, then dog liability cover is there for you. This will protect you from the costs of claims brought against you if your dog causes damage to property or injuries to people. Regardless of how well trained they are, animals can make mistakes, and you won’t want this to cause you high compensation costs
Professional indemnity
If you advise your customers or provide a service and be required to advise on best practice, you should consider having professional indemnity insurance. Professional indemnity – P.I. insurance as it’s also known – will shield you financially should you be sued for losses by a customer for giving them poor or misleading advice.
Increasingly, contracts being entered into with customers are requiring businesses to have Professional Indemnity cover up to £2,000,000. Coversure has facilities available that could help you achieve this within 1 policy, rather than having to insure separately from general liability cover. Potentially having this route available for your business could deliver financial savings.
Personal Accident
This will protect you should someone be involved in an accident at work. It will pay out in the event of death, bodily injury, or disablement. The compensation provided can pay for temporary staff or cover the overtime cost for other team members
Business Interruption
If something catastrophic happened to your business – such as a fire or flood – and your premises is forced to close for a while, could you cope? With no money coming in and bills needing to paying, would you be able to keep putting food on your table while not doing so for your customers? Business interruption cover provides you with an income while your business is out of action, providing much-needed peace of mind in a time of stress
Commercial buildings cover
Do you own the building in which your business operates? If so, you’ll need commercial buildings insurance to protect your bricks and mortar. Buildings insurance protects you from the cost of repairing or rebuilding your building if it’s damaged by risks such as floods, fires, vandalism, or explosion.
Employers’ liability
This is a legal requirement if you employ people. It provides cover in the event of your employee injuring themselves or if their property is damaged while at work. The law says that if you employ at least one person, you must have employers’ liability insurance (sometimes called ‘E.L. insurance’) to protect your employees in case they are injured or become ill as a result of working for you. Your policy must:
- Cover you for at least £5 million
- Be with an authorised insurer
- And employers must provide a safe working environment
For Event Security it’s important to check the requirements of your policy. Some policies insist on every steward requiring a minimum of Level 2 NVQ in Spectator Safety. This can be challenging in certain circumstances. Coversure has the capacity to offer policies that do not stipulate this.
Public Liability
Provides cover should a member of the public injure themselves or if their property is damaged while you are working. It covers the cost of claims made by members of the public for incidents that occur in connection to your business’s activities, for example if they slip on the floor and decide to sue you, you’ll be covered.
Cover of up to £10 million can be offered under certain circumstances as many organisations are now requesting this amount as a minimum level of indemnity.
How Much Does Security Insurance Cost?
That will depend on several things including:
- Whether you have employees
- The type of clients you work for
- Where you work
The best way to find out how much protection you need is to contact your local Coversure. They’ll be able to advise you as to what you need and create a package of Security cover for you.
Security Insurance FAQ
This can be a complex area of cover, so to help you get the protection you need, here are Coversure’s security insurance frequently asked questions. We hope they will be of use, but if you’d like some personalised independent advice, contact your local Coversure office
Is security business insurance a legal requirement?
No, but given the range of protections it offers, you’d be wise to take a policy out. If you have a security business that employs staff, you will need employers’ liability insurance
How much does security insurance cost?
That will depend on several things, including whether you have employees, the type of clients you work for, where you work, etc.
How can I get a security insurance quote?
Getting a quote is easy; contact your local Coversure or start your security business quote today
Need a Security Insurance quote?
If you’d like a Security Insurance quote from Coversure, please contact your local Coversure office or start your quote here. Our independent brokers will search their markets to find you the right policy at the right price to keep your business protected.
* Policy information is correct at the time of writing. Policy details, limits, and exclusions are subject to insurer’ changes. When taking out a policy, your local Coversure office will be able to advise you of the specifics of your cover.
