Specialized commercial insurance for security and safety companies in Alberta
More and more, individuals and companies in Alberta are investing in security measures to protect themselves against the risk of property damage and bodily harm. Ensure peace of mind and safety for your company and your staff, even if you have security measures in place. A security services program put together by Acera Insurance can go a long way towards ensuring your protectors are protected as well.
Alberta Security Services Insurance Explained
Since security companies in Alberta are a specialized area with unique liabilities, they require a distinctive and specific set of insurance coverages. They are designed for people that work in the security industry including mall security guards, bouncers and private security guards.
Regardless of your position, security insurance ensures that you are protected from the risks and liability that comes with the job.
Who needs security services insurance in Alberta?
Any security-related professional who offers safety services, guidance or protection for a fee should have security services coverage to protect against any allegations of financial loss or negligence. Security and protection professionals include:
- Security companies
- Executive protection businesses
- Security guards
- Security architects
- Security managers
- Information security analysts
- Network security administrators
- Private investigators
- Bodyguards
- Bouncers
Common types of insurance for security businesses in Alberta
Depending on the type of insurance coverage you purchase, your security business protection will typically include:
- Commercial General Liability helps cover property damage and injuries suffered by visitors to your business premises and can include legal expenses if you’re sued.
- Commercial Auto Insurance – if you have work vehicles as part of your business, commercial auto insurance is necessary to guard your assets. Commercial auto insurance is mandatory in Alberta and can protect your business if you or your staff are involved in a collision that results in injury or property damage.
- Commercial Property Insurance – protects your businesses physical assets that include equipment, tools, inventory, materials and more.
- Professional Liability Insurance—If a client experiences financial loss due to advice or services provided by your business, it could result in a lawsuit. Professional liability insurance (also known as errors and omissions insurance) can help protect your company if this occurs.
- Cyber Insurance—Depending on the policy, this coverage helps your business deal with a cyberattack or data breach and can help cover some of the costs associated with that.
What determines the cost of insurance for security businesses in Alberta?
The cost of security business insurance is determined by a number of factors that include:
- The type of industries that you provide security services for
- How many employees you have and where your company is located
- The locations of the clients you work with
- How many years of experience you and your employees have
- Your yearly revenues
- Your history of insurance claims
Free quotes from leading Alberta security insurance brokers, Acera Insurance
At Acera Insurance we keep up with changes in the industry across Western Canada and beyond. We stay on top of emerging trends related to security services to make sure you get the risk-management assessments necessary to customize the ideal package for your business.
We have access to a variety of international insurance companies and can deliver competitive options to meet your insurance needs. Start a conversation with one of our expert brokers today to determine the right coverage for you.