Security Guard Insurance for Startup Companies
Are you thinking of starting a security guard company, or have you recently started one, and in need of insurance? For over 20 years, GuardPro has specialized in security guard insurance and has a full-line of insurance coverage for your new security business. We provide the best insurance at the best price.
Complete Coverage
From general liability to group health and 401k — We have you covered!
Security Guard Insurance Cost for Startups
Basic
General & Professional Liability
$1,000,000 Per Occurrence
$2,000,000 Aggregate
$1,000 Deductible
No Firearms or AI Endorsement
$4,250 Annual Premium
Pro
General & Professional Liability
Same Limits as Basic
Includes: Firearms
$5,000 Annual Premium
Pro Plus
General & Professional Liability
$1,000,000 Per Occurrence
$3,000,000 Policy Aggregate
$1,000 Deductible
Includes: Firearms, Blanket Additional Insured & Primary Non-Contributory Wording Endorsements
$5,500 Annual Premium
Frequently Asked Questions
What is the typical policy premium for a start up Security Guard Company?
Typically, the annual premium for a new start up company is between $2,500 and $4,000. The minimum premium will depend on the type of contracts the company will attempt to obtain once licensed, the resumes of owners showing experience in the law enforcement/security guard industry, estimated annual guard hours, guard payroll, and if the contracts will be armed or unarmed. The deposit to bind coverage is generally around $1,500 and the remaining premium can be financed and paid in 10 installments.
What is the typical process to obtain a quote for a new start up security guard company?
For new security guard companies, I only need a supplemental application and resume of owners. You can complete the application at our website or call my office to have me gather the information directly.
How fast can you obtain a quote?
With a completed Security Guard Supplemental Applicatio, and loss runs I can usually obtain a quote within 24 to 72 hours.
What do I need to bind coverage?
The proposal will contain all required documents to be signed and returned to our office. Along with the signed documents, you can complete the credit card authorization form for the deposit and coverage can be bound immediately.