Broker-arranged
Insurance for security guards and firms
Insurance for security officers and security businesses: public liability for the sites you protect, professional indemnity for your advice and procedures, and workers compensation for your guards. A licensed broker arranges it.
- Security licensing explained
- One short form, then a licensed broker takes it from there
What insurance do security firms need?
Security work needs public liability for injury or damage on the sites you protect, and many contracts also ask for professional indemnity. Firms that employ guards need workers compensation. Security is arranged through a broker, because the cover is specialised.
Licensing in NSW
| Requirement | Detail |
|---|---|
| Security licence | Anyone working in the NSW security industry needs the right Class 1 or Class 2 licence, issued by the Security Licensing and Enforcement Directorate of NSW Police. |
| Class 1 activities | Include security officer, bodyguard, cash-in-transit guard, guard dog handler, monitoring centre operator and armed guard. |
| Running a business | Businesses that provide security services need a master licence. |
| Other states | Each state licenses security work. Check your state regulator. |
The covers security firms usually hold
| Cover | Why |
|---|---|
| Public liability | Injury or damage at a site you protect. |
| Professional indemnity | Claims about your advice, procedures or monitoring. |
| Workers compensation | Your guards and officers. |
| Management liability | Claims against the company and its directors. |
How to get security cover through us
Security insurance questions
Do security guards need a licence in NSW?
Yes. Security work needs the right Class 1 or Class 2 licence from the NSW Police Security Licensing and Enforcement Directorate.
What insurance does a security company need?
Usually public liability, professional indemnity, workers compensation for guards, and management liability for the company.
Do contracts require specific limits?
Often. Check each client contract for the public liability and PI limits it asks for.
Why is security arranged by a broker?
Security cover is specialised, so a licensed broker reviews your services and arranges suitable quotes.
Are armed guards covered?
Tell the broker about any armed work, because it changes the cover needed.
Keep reading
More industries arranged by a broker
Sources
Security