BEST GUARD Workers Compensation Program

THE BESTGUARD PLAN® is a preferred risk Workers' Comp program for high quality, low risk security guard companies throughout the U.S. It was developed with the belief that not all private security companies were created equal and the good and not so good are the enemy of the best. As contrasted to many other industries, there is a tremendous difference in WC risk and loss experience between the good, the not so good and the best companies in the Private Security Industry. For years, WC rating protocol has not adequately addressed this disparity. To a greater or lesser degree, the WC premiums of the best security companies subsidize the WC premiums paid by the average security companies. THE BESTGUARD PLAN® was developed to make sure that the best security companies are charged the lower premiums they deserve.

Coverage

• Workers'Compensation - Coverage A - Statutory coverage is provided as per State Compensation Acts
• Employer's Liability - Coverage B

Limits

 

Employer's Liability Limits: $1,000,000 each Accident, $1,000,000 Policy Limit & $1,000,000 each Employee

Premiums
Premiums are based upon payroll. Rates are determined on a state basis. Final premiums include: experience modification, premium discount, expense constant, terrorism charge, scheduled credits, plus state assessments, where applicable

Eligible Classes

• Detective or Patrol Agency - 7720 & 7723
• Clerical Office Employees NOC - 8810
• Salespersons, Collectors or Messengers - 8742
• Executive Officers NOC - 8809
• Electrical Wiring Within Buildings - 5190

Insurance Company

• Chartis Insurance Companies – rated A ("Excellent") Class XV ("$2 Billion or greater") by A.M. Best Company, Inc.
• QBE Insurance Companies – rated A ("Excellent") Class X ("$500 Million to $750 Million") by A.M. Best Company, Inc.