Additional liability limits that protect your security company when primary policy limits are exhausted by a major claim.
Coverage
Umbrella & Excess Liability for Security Companies
Umbrella and excess liability insurance provides additional limits above your primary general liability, professional liability, commercial auto, and employers' liability policies. For security companies, where a single catastrophic incident can generate claims far exceeding primary policy limits, umbrella coverage is a critical safeguard.
What It Covers
Umbrella insurance sits above your underlying liability policies and provides additional limits when a claim exhausts the primary coverage. The umbrella typically extends over general liability, professional liability, commercial auto, and employers' liability.
Some umbrella policies also provide broader coverage than the underlying policies, filling gaps that may exist in the primary layer.
Why Security Companies Need Higher Limits
A wrongful death claim from a negligent security allegation can produce a verdict of $5,000,000 or more. An armed guard incident resulting in serious injury can generate even larger awards.
Many large contracts require security vendors to carry $5,000,000 or $10,000,000 in total liability limits. Without an umbrella policy, meeting these requirements is impossible.
Key Coverage Features
- ●Additional limits above general liability, professional liability, commercial auto, and employers' liability
- ●Drop-down coverage for claims covered by the umbrella but not underlying policies
- ●Defense costs for claims that reach the umbrella layer
- ●Coverage for catastrophic negligent security claims and wrongful death suits
- ●Protection against nuclear verdicts in use-of-force cases
- ●Capacity to meet high-limit contract requirements for large clients
Frequently Asked Questions
Industries That Need This Coverage
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