A security guard company's largest expenditure after payroll and payroll taxes, is insurance. It is imperative that it is proactively well managed. Typical coverages purchased by security guard companies include: workers compensation, general liability, excess umbrella liability, vehicles and crime/fidelity.

The challenges and potential traps related to insurance include:

• Exceedingly high costs that are influenced by:
  • Insurance brokers lacking security industry experience
  • Limited access to fluid underwriting markets
  • Risk associated with various client types
  • The amount of "Armed" personnel as a percentage of all personnel
  • Timing and accuracy of communicated application information
• Inadequate coverage
• Limits company ability to bid on targeted accounts
• Leads to loss exposure
• Unnecessary coverage
  • Are incremental coverages demanded by target accounts really necessary?

David Heller & Company, in cooperation with insurance specialists, has designed programs based on direct management experience during tenures at two of the world’s largest security guard companies to assist your company in the areas of:

• Marketing your company to underwriters
• Premium reduction programs
  • Data and information gathering formats and techniques
  • Account mix recommendations
  • Communication practices
• Critical Coverages
• Identification of Exclusions
• Optimization of Claims Management and Support Services
• Safety and Risk Control Programs

Contact us about insurance related inquiries.

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