Limits, Endorsements & Exclusions for Liability Policy for Newly Formed Guard Company

By GuardPro

November 17, 2020

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Limits, Endorsements & Exclusions for Liability Policy for Newly Formed Guard Company

Knowing the premium of the liability policy doesn’t tell the whole story. The value of the liability policy is in the details of the endorsements & exclusions. It’s going to take a lot of hard work and effort to build your company, don’t risk it all on an inferior liability insurance policy. Below is outline of typical liability policy:

Policy Limits

Standard Limits:

$1,000,000 per occurrence

$2,000,000 policy aggregate

Limits can be increase up to $10,000,000 for additional premium

Endorsements

Standard Endorsements:

-Bodily Injury/Property Damage

-Errors & Omissions (Including Financial Loss)

-Products/Completed Operations

-Contractual Liability

-Care, Custody and Control

-Work Performed by Independent Contractors

-Employees as Additional Insureds

-Assault & Battery (Including Alleged Intentional Acts)

-Personal Injury/Advertising Injury (Libel, Slander, False Arrest)

-Punitive Damages

Optional Endorsements (Adding the Endorsement will Increase Premium)

-Additional Insured

-Primary Non-Contributory Wording Per Contract

-Third Party Employee Dishonesty

-Firearms

-Guard Dogs

-Mobile Equipment (Golf Cart)

-Lost Key Coverage

-Per Job Aggregate

-Waivers of Subrogation

-Hired/Non-Owned Auto

Exclusions

-Public Housing Authority, Section 8 Housing

-Employee Related Practices Liability

-Bars, Nightclubs, Taverns (including all bouncer operations)

-Bounty Hunting/Fugitive Recovery

Start Your Application Now!

What if your state insurance requirements are much less?

Can you also provide workers compensation, commercial auto and/or umbrella coverage for my newly formed guard company?

What information is needed to provide me the best possible liability quote?

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About GuardPro

Craig Mount began his commercial insurance career with Venture Pacific Insurance Services in 1999. Mr. Mount concentrated on and became specialized in the construction industry, metal and plastics manufacturer, and the security guard industry. Early in his career, as Mr. Mount become more involved in the security guard industry, it became clear to him that the industry was being under-represented by a broker that focused 100% of his time on providing security guard companies insurance solutions and risk management strategies. Mr. Mount and Venture Pacific developed www.BuySecurity.GuardInsurance.com (BSGI) to provide a web-based platform to gather information needed to quote a company’s insurance and to deliver industry specific information. BSGI has grown into a national program and can write insurance for guard companies in every state. Mr. Mount, and BSGI, takes great pride in providing competitive quotes, contract review, current insurance analysis, and exceptional customer service to his cliental. Mr. Mount earned his B.S. in physiology from Colorado State University in 1996 and is an active member ASIS and California Security and Guard Association (CALSAGA).

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