Is Your Security Insurance Really Protecting You?

Running a security business entails significant responsibilities and potential risks, from protecting clients' assets to ensuring the safety of employees, your business can face a unique set of challenges. Our insurance brokers believe that it is essential to evaluate whether your security business insurance truly offers comprehensive protection and aligns with your specific needs.  

At CJ Protect, we truly understand the intricacies of this complex industry and the types of security business insurance that can be necessary, with standard business cover just not cutting it! However complex or unusual your insurance requirements may be, our insurance brokers in Hereford are used to sourcing the cover that you need.

In this article, we will explore key considerations to help you assess the effectiveness of your insurance coverage and make informed decisions for your security business.

Understanding the Risks:

The first step in evaluating your security business insurance is to have a clear understanding of the risks associated with your industry. These risks may include property damage, liability claims, employee injuries, professional errors, and omissions, among others. A comprehensive insurance policy should cover a broad range of potential risks specific to the security industry.  

In some cases, security guards or professionals have higher exposure to injury and harm, as this industry can be a physically challenging one.  

As mentioned previously, we appreciate that usually this insurance cover can be hard to find, so leave it to our professionals to find the perfect security insurance policy for relevant businesses and professionals.

Adequate Coverage for Liability:

Liability is a critical aspect of insurance coverage for security businesses. Ensure that your policy provides adequate coverage for liability claims arising from negligence, errors, or omissions. This coverage should encompass claims related to property damage, bodily injury, or reputational harm. Understanding the extent of your liability coverage is vital to protect your business from potential financial losses.

Property and Equipment Protection:

As a security business, you likely rely on various specialised equipment, vehicles, and facilities to carry out your operations effectively. It is essential to assess whether your insurance policy provides comprehensive protection for these assets. Coverage should include theft, damage, vandalism, or loss of equipment, as well as protection for your physical premises.

At CJ Protect, our insurance brokers can encompass everything into your policy, working to protect your business, employees and equipment. We collaborate with leading insurance companies in the UK to find the right security business insurance to complement your services.

Professional Indemnity Coverage:

Security businesses often provide consultancy and advisory services to clients, therefore, in such cases, professional indemnity coverage is crucial. This coverage protects your business in the event of errors, omissions, or failure to deliver services as promised. It helps cover legal fees, settlements, or judgments resulting from professional negligence claims.

Contact our security insurance brokers

Protecting your security business from unforeseen risks and liabilities is paramount for long-term success. Partner with CJ Protect to discover an insurance policy that can complement your business and its services within the security industry. Whether you are looking for event security insurance, close protection insurance or any other type of cover, we can be sure to find you the best insurer that can provide you with peace of mind throughout your career.