Security Company Insurance
Specialist Insurance for Security Guards, Contractors & Security Firms
Working in the security industry brings
responsibilities and risks that standard
business insurance may not adequately address.
At Edison Ives, we help security companies,
security contractors and businesses operating
within the UK security industry explore
specialist insurance solutions.
Whether you provide manned guarding,
door supervision, mobile patrols,
key holding or other security services,
our team can help you arrange cover
suited to your activities and contracts.
Request a Security Company Insurance Quote
Looking for specialist insurance
for your security business?
Tell us about your services,
number of employees, turnover,
contracts and insurance requirements.
Our team will review your circumstances
and approach appropriate specialist
insurance markets.
What Is Security Company Insurance?
Security company insurance is designed
to address the risks faced by businesses
providing security services.
Security guards and security contractors
may work in environments involving
public interaction, valuable property,
access control and responsibility
for the safety of others.
Some security activities may involve
allegations of negligence, failure
to perform security duties or
wrongful detention.
Specialist insurance can combine
different types of cover to reflect
the particular services provided
by your business.
What Does Security Insurance Cover?
The insurance required will depend
on your activities, contracts,
staffing arrangements and the
risks involved in your work.
Public Liability Insurance
Can provide protection against
certain third-party injury
or property damage claims
arising from your
security operations.
Employers’ Liability Insurance
Provides cover for certain
claims by employees who
suffer injury or illness
arising from their work.
This insurance is generally
a legal requirement for
businesses with employees,
subject to exemptions.
Efficacy Insurance
Specialist protection may
be available for certain
losses arising from the
failure of security services
to perform their intended
function, subject to
policy wording.
Contractual Liability
Cover may be available
for specified liabilities
assumed under security
contracts. The extent
of protection depends
on the policy terms.
Professional Indemnity Insurance
May provide protection
against certain claims
arising from negligent
professional advice,
services or errors.
Wrongful Arrest Cover
Specialist cover may
respond to certain
claims involving
wrongful arrest,
detention or
related allegations.
Loss of Keys Insurance
May cover specified
costs arising from
the loss of customers’
keys, including
replacement locks
and consequential
losses where insured.
Business Property Insurance
Can provide protection
for insured business
premises, equipment
and contents against
specified events.
Legal Expenses Insurance
May provide assistance
with certain insured
legal disputes and
associated expenses.
Personal Accident Insurance
May provide specified
benefits following
accidental injury,
disability or death,
subject to the
policy terms.
Not every policy includes all these
covers. Insurers may apply different
limits, exclusions and conditions
depending on the security activities
undertaken.
Why Is Efficacy Insurance Important for Security Companies?
Efficacy insurance is an important
consideration for businesses
responsible for protecting
people, premises or property.
For example, a security contractor
could face an allegation that
a failure to carry out
agreed security duties
contributed to a theft
or other loss.
Standard public liability
insurance may not provide
adequate protection for
claims arising from
failure of the
security service itself.
Specialist efficacy cover
may address certain
exposures, although
its scope and exclusions
vary between insurers.
We can help you
review whether
appropriate efficacy
protection is available
for your business.
Insurance for Different Security Services
We can discuss insurance
requirements for a range
of security businesses
and contractors.
Manned Guarding
Insurance for
security companies
providing guards
at commercial,
industrial and
other premises.
Door Supervisors
Specialist insurance
considerations for
door supervision
at licensed venues
and events.
Mobile Security Patrols
Insurance for
security contractors
undertaking patrols
and monitoring
premises.
Key Holding & Alarm Response
Cover considerations
for businesses
holding customers’
keys and responding
to alarm activations.
Retail Security
Insurance for
security personnel
working in shops,
shopping centres
and retail premises.
Event Security
Specialist insurance
for security
businesses working
at events and
public gatherings,
subject to
insurer appetite.
Some higher-risk activities
may require additional
underwriting information
or specialist terms.
Insurance for SIA-Licensed Security Businesses
Many individuals working
in the UK private
security industry
must hold the
appropriate Security
Industry Authority
(SIA) licence.
The licensing requirements
depend on the
activities undertaken
and the individual’s
role.
Security businesses
should also ensure
that their insurance
accurately reflects
the services they
provide and any
relevant contractual
obligations.
Having an SIA licence
does not automatically
mean every security
activity is covered
by an insurance policy.
For official licensing
information, visit
the Security Industry Authority.
Security Insurance and Contract Requirements
Security contracts
can impose specific
insurance requirements
on contractors.
These may include
minimum liability
limits, efficacy
protection and
additional contractual
obligations.
Before entering
into a new contract,
it is important
to understand
whether the
insurance arranged
meets the
relevant requirements.
Not all liabilities
accepted under
a contract are
automatically covered
by an insurance policy.
Our team can
discuss your
insurance requirements
and help identify
areas that may
need further
consideration.
How Much Public Liability Insurance Does a Security Company Need?
The appropriate
level of public
liability insurance
will depend on
the services
provided and
your contractual
requirements.
Some customers
and principal
contractors specify
minimum liability
limits before
awarding security
contracts.
Commonly requested
limits may include
£1 million,
£2 million,
£5 million
or higher.
These are examples,
not a recommendation
for any particular
business.
It is important
to select limits
appropriate to
your activities
and contractual
obligations.
How Much Does Security Company Insurance Cost?
Security insurance
premiums depend
on the nature
and scale of
your business.
Security Activities
Manned guarding,
door supervision,
mobile patrols
and other activities
can carry
different risks.
Turnover & Contracts
Your annual
turnover, contract
values and
customer requirements
can affect premiums.
Employees & Subcontractors
The number of
employees and
arrangements with
subcontractors may
influence underwriting.
Claims History & Cover
Previous claims,
selected limits,
excesses and
specialist extensions
can affect
insurance costs.
Accurate information
about your security
activities helps
insurers assess
the risk and
offer appropriate
terms where available.
Why Choose Edison Ives for Security Insurance?
At Edison Ives,
we understand that
security companies
can face specialist
risks that require
careful consideration.
We work with
businesses across
the security
industry to
understand their
activities, contracts
and insurance needs.
Our team can
approach appropriate
insurance markets
and help explain
important policy
terms, exclusions
and cover limits.
We aim to
provide straightforward
advice, a personal
service and ongoing
support throughout
your insurance
arrangements.
Looking for Security Company Insurance?
Whether you’re
starting a security
business, taking
on a new contract
or approaching
your insurance
renewal, our
team would be
happy to discuss
your requirements.
Speak to Our Security Insurance Team
Contact Edison Ives
to discuss your
security company
insurance requirements.
Call us on
0113 390 4646
Or email
info@edinsure.co.uk