Chartis, a provider of property-casualty and general insurance services, has launched a new Security Guard Firms Coverage Enhancement, to address the specific liability exposures of security firms.
The new coverage, developed by Chartis’ commercial casualty division includes coverage for bodily injury and property damage arising out of professional security guard services performed by or on behalf of the named insured.
It will also include coverage for bodily injury and property damage resulting from the use of reasonable force committed by an employee of the insured to protect any persons or property, and an additional occurrence limit for damage to property in the care, custody and control of the security firm, subject to a per occurrence deductible.
In addition, Chartis also offers integrated loss control services to help security firms prevent and mitigate losses, including providing best practice assessments for corporate or subcontractor security programs.
The services will also include, developing and reviewing standard operating procedures, staffing qualifications and hiring criteria, incident investigation, and sight supervisor duties and establishing measures that address the physical security of the insured’s premises, such as public access procedures and monitoring systems.
Chartis Commercial Casualty Commercial Risk and Excess Workers’ Compensation divisions president Christopher McKeon said that many businesses rely on the services of security personnel to prevent and deter crime.
In rendering these services, it is possible for security personnel to unintentionally cause bodily injuries or property damage. This enhancement gives security guard firms coverage against potential claims in one endorsement, McKeon said.