What kind of insurance does a security company need? and Ideal Insurance, Moor Green Lane - 123

What kind of insurance does a security company need?

I'm wondering what kind of insurance does a security company need when you're trying to build a security business?


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Answer by Tom Z
A "security company" can mean a lot of things. Are your security guards static or are they mobile (i.e. in vehicles)? Are they armed? Are they protecting someone (i.e. body guard)? Are they merely checking people into an office building or are they pursuing shoplifters?

This all affects what kind of insurance you might need. At the least you will need general liability with extended bodily injury coverage to cover assault and battery, professional liability, fire damage legal liability and workers compensation. You may need commercial auto coverage. You may need employee dishonesty coverage. You may need to be bonded. You will likely need to buy an excess liability or an umbrella liability policy because you will need very high limits. Whew.

Don't go to the name brand carriers that you are familiar with they will refuse to consider underwriting such a risk - No way, No How. You need to contact an independent agent that has access to the specialty lines carrier (surplus lines). The coverage you will need is available but only from a handful of carriers that specialize in this industry.

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Ideal Insurance, Moor Green Lane - 123


Image by ell brown
This is the Ideal Insurance building on Moor Green Lane in Moseley (can also see it from Russell Road).

It's at 123 Moor Green Lane.

It was the home of Pitmaston. Other names include: The Ideal Benefit Society, Ideal Insurance Holdings Ltd.

It is a Grade II listed building.

Company Headquarters. 1930-31. Holland W. Hobbiss (1880-1970) for the Ideal Benefit Society. Brick with pantile hipped roofs. Wooden sash windows. Stone entrance porch, architraves to pair of secondary doors, and balustrade to angled towers. T-shaped plan in a restrained symmetrical Neo-Classical style.

Pitmaston, Moor Green Lane - British Listed Buildings

The number 123 for 123 Moor Green Lane.

Recently it was used by the Church of Scientology (for the Birmingham headquarters), although I could see no sign of that use now.

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