Typical Premium for a Newly Formed Security Guard Company in 2021
Obtaining the correct general liability policy for your newly formed guard company is one of the most important decisions you will make. Understanding the coverage’s and exclusions can be overwhelming! The easy way out is to focus solely on the premium! Do not take the easy way out! It will cost you more in the long run. Our programs are designed to provide the most comprehensive insurance coverage at a competitive premium. Below I have outlined the basic minimum premium, deposit and monthly payment to expect when estimating cost of the insurance for a newly formed guard company:
UNARMED:
Premium: $4,500
Tax/Fee: $1,000
Deposit: $2,125 (Deposit is 25% of Premium & 100% of Tax/Fee)
The remaining balance can be financed and paid in 10 equal installments. Each installment is approximately $337.50
ARMED:
Premium: $5,500
Tax/Fee: $1,000
Deposit: $2,375 (Deposit is 25% of Premium & 100% of Tax/Fee)
The remaining balance can be financed and paid in 10 equal installments. Each installment is approximately $412.50
The premium only tells the beginning of the story! What you really need to know, is what the policy is protecting your company from. You need to understand the limits, endorsements & exclusions of the liability policy.
Start Your Application Now!
What information is needed to provide me the best possible liability quote?
