Security Industry Risks Insurance Program from CoverXSpecialty
CoverXSpecialty offers a focused Security Industry Risks Insurance program designed for the operational and liability exposures faced by firms in the security and life-safety sectors. Built around niche underwriting expertise, this non-admitted program helps independent agents and brokers place businesses such as security guard services, armored car operators, alarm and fire suppression contractors, and private investigators.
Backed by First Mercury Insurance Company, the program is available in most U.S. states and provides flexible solutions for hard-to-place or higher-risk accounts. Underwriting emphasizes real-world operations, training, and loss control rather than one-size-fits-all pricing.
Ideal Accounts and Target Classes
The program targets businesses that provide protective services or install and maintain safety-related systems. Typical classes include:
- Armed and unarmed security guard companies
- Private investigation firms
- Armored car and valuables transport services
- Commercial and residential alarm system contractors
- Fire suppression system contractors and installers
Example fits: you might have a regional security patrol firm with multiple municipal and retail contracts, or a commercial fire suppression installer expanding into multi-tenant office buildings. Those accounts with documented training programs, clear licensing, and formal operating controls are strong candidates.
Coverage Highlights and Advantages
CoverXSpecialty’s Security Industry Risks Insurance program combines general liability and professional liability forms adapted for security operations and life-safety contractors. Key advantages include:
- General Liability and Professional Liability tailored to protective services and system installers
- Underwriting that can accommodate armed exposures and elevated-risk activities, subject to review
- Customizable endorsements to meet contractual or venue requirements
- Solutions for both new ventures with experienced leadership and established operators
Underwriting Notes and Minimum Premiums
Minimum premiums vary by account size, location, and activity mix. Underwriters focus on experience, training and certification programs, client mix, operational controls, and loss history. Accounts with weak loss-control practices, incomplete licensing, or extensive recent losses may not qualify or may require enhanced risk management conditions.
Territories and Availability
This non-admitted program is available in most U.S. states, including: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
Why Work With CoverXSpecialty?
As a specialized general agency, CoverXSpecialty focuses on niche commercial programs supported by strong carrier relationships. You’ll get access to an underwriting team experienced in security and life-safety exposures, responsive service for submissions and endorsements, and placement capacity through a top-rated carrier. The program is intended to help agents find practical solutions for complex, high-exposure, or underserved security accounts.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include security guard services, alarm and fire suppression contractors, armored car companies, and private investigators—particularly those with documented training, licensing, and operational controls.
Is this program available on an admitted basis?
No. This program is offered on a non-admitted basis through First Mercury Insurance Company.
Can new ventures apply for coverage?
Yes. New ventures are eligible when they have experienced leadership, solid operational procedures, and verifiable risk-management practices.
Are armed security operations eligible?
Yes. The program can accommodate armed exposures, subject to careful underwriting review of training, licensing, weapons policies, and background screening.
Which states is this program available in?
This program is available in most U.S. states, including CA, FL, TX, NY, and many others. See the full list above for complete availability.
Need help placing an account? Connect with a market specialist.