Introducing The Belfry Insurance Program: Simplifying Insurance For Security Firms

Insurance is a critical part of running a security service business, but it’s also one of the biggest expenses and ongoing challenges in the industry. To help address this, Belfry has partnered with Willis Towers Watson (NASDAQ: WTW, “Willis”),one of the world’s leading global insurance brokers, and Kayna, an embedded insurance technology platform, to deliver a program built specifically for the needs of security firms. The Belfry Insurance Program streamlines key steps in the insurance process and gives Belfry customers direct access to expert support, making it easier to secure the right coverage without unnecessary complexity.

What Is The Belfry Insurance Program?

The Belfry Insurance Program currently includes three core elements designed to simplify insurance procurement and provide clarity around coverage:

1. Pay-as-you-go Workers’ Compensation insurance – A pre-filled application is integrated directly into the Belfry platform, transforming a traditionally lengthy process into one that can be completed in as little as 15 minutes. Once submitted, Willis begins evaluating the applicant’s business exposures and engages with carriers to help place the most appropriate Workers’ Compensation coverage.

2. Free Insurance Policy Audits – Willis now performs policy audits for Belfry customers at no-charge to ensure customers are making the most informed insurance decisions for their business. This no-cost, no-obligation service helps customers clearly understand their business risks and simplify their insurance experience. Through a policy audit, customers can expect to identify any gaps or exclusions in their existing coverage, ensure their limits align with their business exposures, and receive expert recommendations tailored to security service providers.

3. Access to other insurance lines – Beyond Workers’ Compensation, Belfry customers can connect with Willis for assistance with a wide range of commercial insurance coverages, including:

- General Liability

- Commercial Auto

- Employment Practices Liability

- Umbrella / Excess Liability

- And more, depending on company operations

Why This Program Is A Game-Changer

Security firms face unique challenges, such as high payroll variability, strict compliance requirements, and costly year-end audits. The Belfry Insurance Program tackles these head-on through the following key capabilities:

Access to Willis, a Best-in-Class Insurance Broker

Working with a global brokerage like Willis gives Belfry customers access to capabilities that simply don’t exist at most regional agencies. Willis’ deep carrier relationships, data-driven underwriting strategies, and sector-specific expertise help security firms secure broader coverage, more favorable terms, and faster turnaround times. From navigating complex risk profiles to negotiating with national carriers, Willis brings scale, influence, and technical sophistication to every placement. This gives security companies greater stability, fewer surprises, and a more efficient insurance experience.

Pay-As-You-Go Workers’ Compensation

Premiums are calculated using your actual payroll each cycle, which means you only pay for the labor you truly deploy. This helps eliminate large up-front deposits and the guesswork that often leads to painful year-end audit bills. For security firms with fluctuating staffing levels, overtime, and variable job types, pay-as-you-go creates smoother cash flow and better alignment between operations and insurance costs. It also reduces administrative burden since payroll data flows directly into the calculation process, helping minimize manual reporting errors and saving time for your back office.

Pre-Filled Applications

Belfry leverages your existing operational data to automatically populate key fields in the Workers’ Compensation application. This removes the need to track down historical numbers, gather spreadsheets, or manually re-enter information the system already knows. The result is a streamlined, accurate application process that cuts hours of administrative work down to minutes and reduces the risk of errors that could delay quoting or affect pricing.

Competitive Rates

Willis works with a wide panel of top-rated national carriers, giving Belfry customers the advantage of broader market access than most regional brokers can provide. This increased competition among carriers may help secure more favorable pricing and coverage terms tailored to the unique risk profile of security firms.

No-Obligation Quotes

Once you complete the application, Willis provides a quote that you can compare directly against your current premiums without any pressure or commitment to switch. This transparency gives you clear insight into potential savings and coverage improvements, allowing you to make informed decisions on your own timeline.

How to Access

All Belfry customers have access to the Workers’ Compensation application and free insurance policy audit directly in their login portal. Once an application or an audit request is submitted, Willis handles the process to ensure white glove insurance support for Belfry customers.

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