Public Liability Insurance for Security Companies

Public Liability Insurance For Security Companies

Public liability insurance is one of the top most important types of insurance a business can have, particularly in the security industry. It’s designed specially to cover compensation payments, fines and legal costs if a member of the public (whether it be a customer, a supplier, or someone just passing by) files a claim against your business saying that they’ve been injured or their property has been damaged because of it. This could be an enormous range of things, from tripping over something to accusations of assault. And it’s this last one in particular that makes this type of insurance so vital for those working in hands-on roles the security sector.

Do I need public liability insurance as a security company?

Although public liability insurance is not technically a legal requirement, it would be extremely unwise to not have it when it comes to security. This is because your staff will be directly dealing with members of the general public and things can turn unpleasant very quickly.

Public liability insurance will cover you in the event of something unforeseen, and will protect you financially should the worst happen – whether it’s been proven in court or not. For example, if a member of the public makes an allegation of assault against a member of security staff, the legal costs of defending the case can be huge, even if the staff member is ultimately deemed innocent. If found guilty, public liability cover would also then pay out any compensation claims as well as legal costs, so you’re covered whatever happens

Why is public liability insurance likely to be important for a security company?

As any doorman will tell you, people are often under the influence of drugs and/or alcohol before and after they turn up at your bar, festival or club. If someone starts trouble and a fight breaks out, would you be able to afford the liability costs of someone’s lost earnings, damaged property, or worse, an injured third party?

When spirits are high, things can escalate quickly. Even for the most experienced doorman, an unpredictable situation is always only just around the corner. Even for those who have worked doors for years, such unpredictability can easily lead to claims of assault or harassment against the staff further down the line. In such a potentially volatile industry, good public liability is absolutely vital if you don’t wish to be hit with legal bills that could run into thousands.

What is Security Industry Inefficacy cover?

Inefficacy cover in its simplest sense refers to cover on the basis of failure to perform. It is a particularly bespoke type of policy which is almost completely unique to the security industry and is extremely specific to each type of security role. Inefficacy cover can protect security staff against claims of ‘standing by and doing nothing’, for example if a client alleges that a doorman has not stopped or controlled a precarious issue that has arise. Inefficacy is virtually impossible to protect against at the time of trouble taking place. This that makes it even more important to have in addition to your standard public liability insurance.

Why choose Real Insurance Brokers for my public liability insurance?

The team here at Real Insurance Brokers have years of experience across a variety of industries, including security. We can help you to create the perfect public liability policy for your security business for complete peace of mind. By working with a range of leading UK insurers, we can find your bespoke cover quickly and with no hassle. Call us today or 0330 058 0260 and our friendly, knowledgeable team will be pleased to help.