The security and protection industry thrives all over the world, serving to protect people, properties, and businesses from harm. In Ontario alone, there are well over 65,000 licensed security guards and private investigators. Nation-wide, there are more than 998 security companies (with an online presence).
If you are a business owner or professional who operates in the protection services industry, you understand that it is filled with various risks. As a standard, general liability insurance is the most basic coverage you should have when protecting your assets, however, security and protection industry insurance is tailored to your industry-specific needs. This comprehensive insurance is here to help when unforeseen events affect your company, resulting in financial and legal ramifications.
With security insurance, you’re protecting your businesses assets while continuing to protect others.
Throughout Canada, there are various business types that fall under the security and protection industry. We understand that every business type needs personalized assessments in order to create custom-fit insurance plans that give complete and reliable coverage.
Here are some examples of businesses that benefit from having security and protection insurance:
As a business or professional operating within the security and protection industry, your clients look to you to keep them, their employees, and/or their properties safe. The personnel you assign for the job (e.g. security guards, bouncers) or the systems that you install or provide (e.g. alarms, CCTV, fire detection, locks) serves as the major line of defence against unforeseen incidents including, but not limited to, intrusions, burglaries, vandalism, and fires.
If hired personnel or equipment fail to deliver, your business can be faced with lawsuits, especially in the highly litigious society of today. Furthermore, if injuries or property damage are caused by your personnel or even happen to your personnel, you can be held responsible. This is why having a security and protection insurance policy is your best bet in being proactive and minimizing risks, thereby setting your business up for success.
Here are some examples of security insurance policies we offer:
General liability coverage is the most important kind of insurance that every business needs to have. This protects your business from legal and financial risks in the event that your business operations somehow result in bodily injury to third-party individuals (e.g. the client, the client’s customers, other civilians).
This coverage will also protect your business in the event that an employee causes damage to a property owned by a third-party (e.g. customer’s house, the client’s business establishment). Additionally, this coverage also extends to third-party injuries within the premises of your business if you are to be held responsible.
As an example, if your employee causes injury and property damage (directly or indirectly) while installing the fire detection and suppression system in a customer’s home, general liability coverage will help with legal expenses, medical bills, and repair costs.
The errors and omissions coverage protects patrol guards, security guards, bouncers, locksmiths, access card system installers, and other security professionals from legal claims related to inadequate work and negligent actions.
This type of coverage is especially important because when something untoward happens, such as a successful burglary even with your alarm monitoring system in place, the stress and grief that the client will feel over the situation can quickly escalate into legal action. Unfortunately, your business can get the financial brunt of this, especially if the perpetrators aren’t caught and the lost property is not reclaimed.
The worker’s compensation coverage protects the interests of your business and employees in the event that any of your employees become ill or injured on the job. Worker’s compensation coverage provides benefits such as medical expenses, ongoing care expenses, and lost wages. This coverage would also provide funeral expenses in the unfortunate circumstance that an employee loses their life while at work or due to an injury sustained on the job.
As an example, if one of your security guards sustains life-threatening injuries while defending a property from intruders, the worker’s compensation coverage will help pay for medical fees and lost wages during recovery. This type of insurance does not only cover private security agencies, but all sectors of the security and protection field.
If your business owns any commercial vehicles, standard auto insurance may not be enough. Commercial auto insurance is far more comprehensive and would, in fact, protect you from the legal and financial risks associated with any bodily injury and property damage caused by the operation of your vehicles. Commercial auto insurance can cover cars, SUVs, jeeps, armoured vehicles, trucks, and so on.
This type of insurance is useful in the event that one of your commercial vehicles is involved in an accident. In this example, your employee is injured, as is the civilian driving the colliding car, and a nearby shop’s storefront window is shattered to pieces. For dire situations like this, commercial auto insurance will give you the coverage you need.
KASE Insurance is a trusted and leading provider of business insurance in Toronto and throughout Canada. Through our years of service, we have had the pleasure of insuring businesses of all shapes and sizes. If you are in need of a security and protection insurance policy, we will assess your business needs and create a tailored security insurance policy that will protect your assets and give you the peace of mind that you need.
If you have any questions for us or if you’d like to get started, please feel free to get in touch with our insurance brokers.
By far the most professional and trustworthy insurance brokerage I have known. We have been working with this firm for number of years now and I have nothing but good to say about their team and services. Stan and his team won't stop until we are fully satisfied. They are always on top of things, super fast in their assistance and very professional. I highly recommend this firm to anyone seeking for great insurance brokerage to work with. Big Thank You to Stan and Kase Insurance for many many years of great service!
Reviewer: Alex K
out of 5 stars
Stan and is team at KASE Insurance have been fantastic in explaining what insurance we needed for our business. Very hands on approach and detailed. I work highly recommend KASE Insurance for any business owner looking for great service.
Reviewer: Kyle Grooms
5 out of 5 stars
The KASE team is very easy to work with. They answer your questions quickly, walk you through the process patiently, and find you great rates. We've been working with them for a few years and we haven't felt the need to shop elsewhere because of their customer service.
Reviewer: Sasha Boersma
5 out of 5 stars
I had the pleasure of working with Arian Ebrahimi at KASE Insurance. He was very knowledgable about the industry, was very responsive throughout the whole process. I felt that he acted in my best interest and I would definitely recommend him to anyone!
I had a really hard time finding home insurance for short term rentals until I found KASE Insurance! They were really helpful in finding me an affordable home insurance for my Airbnb unit!
The KASE team helped us in arranging the best possible insurance policy for our business. We were very impressed by their overall knowledge and effort in getting us the right the policy. Highly recommended!