What else should I consider when buying security industry insurance?
Employers’ liability insurance is a legal requirement if you have anyone working for you. And that isn’t restricted to full time staff on the payroll. Anyone, including casual labour and contractors can be deemed to be staff if they are working under your instruction, and you must have the right cover in place. Employers liability insurance is designed to protect you from the cost of defending yourself against claims brought by staff that they have suffered illness, loss, injury or worse as a consequence of the work that they undertake for you.
If you work protecting premises or managing the public at events, it’s likely that you will have a contractual agreement with your customer, and this may well specify what cover the client requires you to have. Beyond that, there is a whole host of other covers that are likely to be worth considering for your security business. These include things like efficacy and contractual liability, wrongful arrest, lost keys, professional indemnity and personal accident cover.