Security Guard Liability Insurance
2 February 2010
The role of security guards is to protect people and property. However, unfortunately sometimes things go wrong. Security guards not only have to protect others, but they have to protect themselves. Lawsuits against security guards for various reasons are becoming more and more common these days, and it is therefore essential that security professionals ensure that they have adequate cover in the form of liability insurance, in case legal action is taken against them.
The importance of liability insurance for security guards is immense in this day and age. Lawsuits anywhere are commonplace, and within a profession where physical force often has to be used, they are all the more prevalent. Security professionals need to protect themselves in case someone is hurt while a suspect is being pursued, or in case they are sued for another reason, such as by a suspect who turned out to be innocent. Sometimes lawsuits are even filed against security guards due to something that happened in the area they were supervising, whether or not they were able to do anything about it! All employers make sure their security guards are adequately covered, as they can loose huge sums of money for uninsured security guards. In fact, it is a legal requirement that employers have adequate liability insurance for their security guards, due to how disastrous a lack of insurance can be for all involved. If someone feels they have been harmed in some way, they will be very determined to get compensation. It is important that all security professionals and security companies are fully aware of this.
Some types of lawsuits are more commonly filed against security professionals than others, and there are different types of insurance to cover these different types of incident. The types of lawsuits that are commonly filed involve customers/employers losing money while a security guard is around, injury to customers/employers (either as a direct result of actions by the security professional or due to something that simply happened in the area of the security guard’s supervision) and damage to property (again, either direct or indirect). Different types of cover generally cost different amounts, and there are types of liability insurance for all of these aforementioned areas. Costs of insurance can vary significantly depending on how comprehensive it is. Often employers will take around 5% or so of your pay to pay for your liability insurance, and if you are self-employed you should expect to give up about the same percentage of your wage. If you are – for example – only covered for liability with regard to injuries to your employers or to members of the public, you will pay a lower premium than if you or your security company has fully comprehensive insurance to cover any type of lawsuit.