Security firms face unique risks every day. From protecting their clients to safeguarding their business, it's crucial to have the right insurance coverage in place. That's where Security Safeguard comes in. Our specialized insurance package is designed to provide comprehensive coverage for security guard firms.
Importance of Insurance Coverage
As a security firm, insurance coverage is crucial. It can protect your business from the financial consequences of claims, property damage, or employee injuries that may arise in the course of security operations. Without insurance coverage, a single incident could cause significant financial damage to your business, potentially leading to bankruptcy. In the worst-case scenario, it could even force you to close your doors permanently.
What is DII Security Safeguard Insurance?
Security Safeguard is an insurance program designed specifically for security firms. It provides coverage against any financial risks associated with liability claims, property damage, or employee injuries that may arise in the course of security operations. The policy covers the costs of legal defense, settlements, and judgments.
Diversified Insurance Industries (DII) understands that security firms have unique needs and challenges. The Security Safeguard insurance program is designed to address these specialized needs. It provides coverage for premises security companies, transport drivers, specialized equipment, loss control, private investigation firms, and alarm firms.
Benefits of DII Security Safeguard Insurance:
- Protection Against Financial Risks: Security Safeguard Insurance protects your security firm against financial risks by covering the costs of legal defense, settlements, and judgments that may arise from liability claims, property damage, or employee injuries. This can save your business from potential financial ruin and ensure that you have the resources to keep your business running smoothly.
- Peace of Mind: Knowing that you have insurance coverage can give you peace of mind. It helps you focus on your security operations without worrying about unexpected costs that may arise from unforeseen risks.
- Compliance with Legal Requirements: Most states require security firms to have insurance coverage. Security Safeguard Insurance helps your firm comply with these legal requirements and avoid any penalties that may arise from non-compliance.
- Competitive Advantage: Security Safeguard Insurance can give your security firm a competitive advantage over other firms that do not have insurance coverage. Clients are more likely to choose a security firm that has insurance coverage because they feel more secure and protected.
- Lower Insurance Premiums: Implementing safety measures and best practices can lower your insurance premiums. Security Safeguard Insurance provides ways for security firms that take steps to reduce risks and improve safety. This can help your business save money while still ensuring that you have the coverage you need.
Coverage Tailored for Security Firms
The Security Safeguard program offered by Diversified Insurance Industries is specifically tailored for security firms. The program provides comprehensive coverage for premises security companies, private investigation firms, and alarm companies.
The program includes customized general liability and professional liability coverage with specific inclusions for errors and omission endorsement, lost key coverage, care, custody, and control coverage, personal injury coverage, and assault and battery coverage.
Additionally, Security Safeguard offers coverage for workers' compensation, excess/umbrella liability, commercial auto, crime, cyber liability and loss of income (including social engineering), directors’ and officers’ liability, and employee benefits.
DII understands that security firms have unique needs and has designed the Security Safeguard program to meet those needs. The program offers specialized coverage for transport drivers, specialized equipment, and loss control. With Security Safeguard, you can be confident that your business is protected against any unforeseen events that may arise.
In addition to comprehensive insurance coverage, DII Security Safeguard also provides additional benefits to security clients:
- Complementary human resource services provide support to help your business navigate HR issues such as hiring, training, and compliance.
- The drug-free workplace credit is offered to companies that implement drug-free workplace policies.
- The safety committee credit is provided to businesses that have a safety committee in place to identify and mitigate risks.
- The dividend program rewards businesses that take steps to reduce risks and improve safety.
- Finally, equipment discounts can help you save money on essential security equipment.
In conclusion, DII Security Safeguard is an essential must-have for any security firm. It provides comprehensive insurance coverage specifically tailored to meet the needs of security firms. With Security Safeguard, you can have peace of mind knowing that your business is protected against financial risks, legal battles, and unexpected events.
To see how we can help your Security firm, contact Alex McGovern, DII's Security Safeguard Director.