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May 11, 2011
Published by Jon |
Security company insurance policies that include Professional Liability or Errors and Omissions coverage are like Doctors and Lawyers policies that include Mal-Practice insurance. For Security Guards, Professional Liability offers protection for claims made against you for acting or not acting, when those actions or inactions result in someone else being hurt or injured. Let's look at a few examples where it would be beneficial to add Professional Liability to a security company insurance policy.
False Arrest
For example, if a security guard wrongfully detains someone and that person has not been injured (so there has been no "Bodily Injury"), a standard General Liability insurance policy would not offer any coverage. The only way to cover any claims arising out of wrongful detention or false arrest is to include a Professional Liability policy with your security company insurance.
Damage To Client's Property
Another example of needing to add Professional Liability coverage to your security company insurance would be if a security guard allowed a truck into a warehouse, and thieves were in the truck. Let us assume that the security guard did everything they were supposed to do, check the driver's license and the access list. However, they did not detect the thieves. Any damage the thieves cause would need to be covered by the Professional Liability policy, as the guard himself did not actually cause any damage.
Assault and Battery
Finally, let’s imagine that a security guard company has a foot patrol schedule and they are late on their rounds, and someone is attacked or assaulted. The victim can sue the guard company and allege that "IF ONLY" the security guard was on his normal schedule, the attack would never have happened. This again would not be covered by General Liability, but it would be covered by the Professional Liability on your security company insurance policy.
General Liability policies can have exclusions that do not cover the actual work that a security guard does. So, Professional Liability is the best way to make sure there are no coverage gaps in your security company insurance policy.
We believe we our the best insurance agency to meet your needs for security guard insurance coverage. Contact us or fill out a free quote and we can begin the relationship or answer any questions you may have.
**For more information about Security Company Insurance contact me at JHall@SouthernStatesInsurance.com or call me at (678) 715-9634. **Our Workers Compensation and General Liability programs are designed for firms with more than $100,000 in annual payroll. Our General Liability programs Include a $1 million limit and start at $5,000 in annual premium in most states.**
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Tags: assault and battery, bodily injury, errors and omissions, false arrest, professional liability, Security Company Insurance, security guard, security guard insurance
