Security work isn’t just another job — it comes with real risks. Whether you’re working solo or running a growing guard company, security guard insurance helps cover the unexpected. From legal claims to damaged property, the right policy can save you from big financial hits.

In this guide, we’ll walk through what’s covered, who needs it, and how to get the right coverage without paying more than you should.

In this article, we’ll cover: 

• What insurance for security companies and guards is
• Who needs it
• 6 core types of security business insurance
• What can affect your premiums
• Helpful tips

Let’s start by discussing what security guard insurance is.

What is security guard insurance?

Security guard insurance is a policy or policies that protect guards and security companies from common risks on the job. It covers things like injury claims, property damage, legal fees, and mistakes made while working a post.

Whether you're dealing with a slip-and-fall, a client dispute, or damage to a patrol vehicle, insurance helps cover the costs so you’re not paying out of pocket. Most providers bundle multiple coverages into one package based on your company size, guard duties, and whether you're armed or unarmed. Even if you’ve never had a claim, having insurance in place builds trust with clients and helps meet contract requirements.

Solo guards vs. companies: who needs insurance? 

Security insurance isn’t just for big firms with fleets of patrol cars and dozens of guards. It matters just as much for solo freelancers as it does for companies with multiple contracts. 

Here’s who needs it:

• Independent guards or freelancers: You’re still on the hook if something happens during a shift. Clients may even require proof of coverage before hiring you.
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• Small security companies with a few employees: Even with a lean team, you’ve got exposure. A single accident or lawsuit can cost more than you make in a year.
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• Medium to large firms: With multiple job sites and guards on duty, your risk goes up. You’ll likely need broader coverage and higher policy limits.
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• Event-based providers: Working in high-traffic venues or concerts? One incident can snowball into claims, so coverage for crowd-related injuries or disputes is key.
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• Armed vs. unarmed: Armed guards usually need additional coverage and endorsements. Some insurers don’t even offer policies for armed work, so it’s something to check early.

The 6 core types of security business insurance

Most guard companies carry a mix of insurance for security guards. It helps cover different risks depending on the job, the site, and how your team operates.

Here are the six main policies most companies (and solo guards) should know about:

• General liability: Covers third-party injuries or property damage. If a guard accidentally knocks over expensive equipment at a client’s office or someone trips over a loose barricade during an event, this kicks in. It’s the most common coverage and is often required in client contracts.
  
  
• Workers’ compensation: Covers medical bills and lost wages if a guard gets hurt on the job. If someone pulls a muscle breaking up a fight or slips on a wet floor during patrol, this policy handles it. Most states require it once you hire even one employee.
  
  
• Professional liability (also called errors and omissions): Covers claims related to negligence, missed duties, or poor judgment. Let’s say a guard fails to lock up properly and there’s a break-in — that could lead to a professional liability claim.
  
  
• Commercial auto: Covers company-owned vehicles used for patrol or transportation. If your patrol car gets into a fender bender on the way to a post, this coverage pays for repairs, medical bills, or even lawsuits if the other driver is injured.
  
  
• Property insurance: Protects your office space, equipment, and supplies from things like fire, theft, or vandalism. If someone breaks in and steals radios, uniforms, or gear, this policy helps you recover those losses.
  
  
• Firearm liability or armed guard insurance: Required for teams that carry guns. It adds coverage for firearm-related incidents, which standard policies might exclude. Not all insurers offer this, so it’s important to ask up front if you have armed guards.

How much does security guard insurance cost in 2025?

There’s no one-size-fits-all security insurance price tag. Insurance for guards is almost always quote-based, and what you pay depends on how big your company is, what kinds of jobs you take, and where you’re working.

It still helps to get a rough idea of pricing before you talk to an agent. To help, we pulled pricing insights from trusted sources like Progressive Commercial, Trusted Choice, and HowMuch.net, along with detailed business insurance breakdowns from industry guides and publications.

Here’s what we found:

• Solo guards or freelancers: Most pay $500 to $1,000 per year for basic general liability, depending on if you're armed and what kind of clients you work with.
  
  
• Small companies (1 to 5 guards): Plans usually run $1,000 to $5,000 per year, especially if you add workers’ comp or commercial auto.
  
  
• Medium to large firms (10+ guards): Coverage can cost $10,000 to $25,000+ per year, depending on how many posts you staff, your claim history, and the mix of policies.
  
  
• Armed vs. unarmed: Armed guard policies typically cost more, sometimes double. Some insurers don’t even offer firearm coverage unless you meet strict training and documentation rules.

What affects security companies’ insurance premiums?

Not every company pays the same rate, even if they carry the same types of coverage. Premiums are based on risk, and a few key details make a big difference in how much you’ll owe.

It all comes down to this:

• Number of guards: More guards mean more potential for claims, so your rate goes up as your headcount grows.
  
  
• Armed vs. unarmed: Armed guards come with more liability, especially when firearms are involved. If you run an armed team, expect to pay extra.
  
  
• Claims history: If you’ve filed a lot of claims before or had a major incident, insurers see you as a higher risk and charge more.
  
  
• Client industry: Guards working retail or warehouses usually cost less to cover than guards working nightclubs, cannabis dispensaries, or high-crime zones.
  
  
• Years in business: New companies pay more. The longer you’ve been around without claims, the better your pricing tends to get.
  
  
• State or region: Rates vary by location. States like California, New York, and Florida usually have higher premiums due to stricter laws and more lawsuits.

What’s unique about armed guard insurance? 

Armed security work comes with a whole different level of risk. It usually puts you in a higher risk category and affects how much coverage you need.

It also means:

• Not all insurers cover it: Some won’t write policies for armed guards at all. Others require specific firearm training, licenses, and proof of clean background checks.
  
  
• You’ll need extra endorsements: Standard general liability won’t usually cover firearm-related incidents unless you add a firearm or armed guard endorsement.
  
  
• Premiums are higher: Most armed policies cost more, sometimes twice as much. That’s because if something goes wrong, the damage can be serious or even fatal.
  
  
• Paperwork matters more: Insurers want to see your SOPs, firearms qualifications, training logs, and incident reports. Missing any of that can hurt your chances of getting approved or getting a claim paid out.

Tips for comparing insurance providers

Not all business insurance is built for the security industry. You want a provider that understands the kind of risks guards face and offers coverage that actually fits your work.

Here’s what to look for:

• Industry-specific coverage: General business insurance might skip over what really matters, like use of force, mobile patrols, or armed endorsements. Stick with providers who specialize in security guard policies.
  
  
• Clear policy terms: Ask about exclusions up front. Some policies won’t cover subcontractors, dog handlers, crowd control, or firearm use unless you add extra endorsements.
  
  
• Claims process: Fast, fair claims matter. Look for providers with 24/7 claims support and reviews that mention smooth payout experiences.
  
  
• Strong customer reviews: Don’t just trust what’s on the homepage. Check third-party review sites or ask others in the industry who they use.
  
  
• Flexible coverage options: If your work varies (like handling both private patrol and event security), you’ll want a provider that can mix and match coverage without overcharging.

Some of the names you’ll run into include RLI, NEXT, The Hartford, and Crum & Forster. These companies have a track record in the security space, but their offerings vary, so it’s worth getting a few quotes to compare.

Frequently asked questions

How much does security guard insurance cost?

It depends on your team size, coverage needs, and whether you’re armed. A solo guard might pay $500 to $1,000 a year, while a growing company could spend over $10,000. If you’re just learning how to start a security company, it’s smart to include insurance costs early in your planning, since it’s just as important to budget for as guard salaries.

Can I get insurance as a 1099 security guard?

Yes. Independent guards can get basic general liability coverage, and in some cases, professional liability too. It’s a good move if you’re doing contract work without a full security business license but still want protection in case something goes wrong.

What happens if my company doesn’t have security guard coverage?

Without insurance, you’re personally responsible for lawsuits, injuries, or damages. That could easily wipe out your savings or shut your company down. It also makes it harder to win contracts, especially in higher-risk jobs where clients expect proper protection.

How do I file a claim as a security guard?

Start by contacting your insurance provider as soon as the incident happens. You’ll likely need an incident report, witness details, and any supporting documentation. If you use a tool like Belfry to track guard activity and incident logs, you’ll have everything ready when it’s time to file.

Does insurance cover use of force or firearms?

Sometimes, but only if you have specific firearm endorsements in your policy. Many basic plans don’t include this by default. If you’re offering armed services or want to keep your operation profitable and low-risk, this is something to add during the quoting process.

What factors affect my security company’s premiums?

Your claims history, number of guards, whether you’re armed or unarmed, and even your client type all plays a role. High-risk jobs tend to come with higher premiums, but tools like Belfry help reduce risks and control costs, which is part of why security companies can be profitable with the right setup.

Can I get insurance for a one-time event?

Yes. If you’re handling short-term gigs like concerts or festivals, you can get event-specific coverage. It’s common for smaller teams or newer companies that don’t yet have full-time contracts but still want protection.

How Belfry can support insurance-ready operations

Getting the right security guard insurance is one part of protecting your company. The other part is running things in a way that shows you're low-risk and on top of your game. That’s where your tools and systems come in. You need to prove you’ve got clean records, trained guards, and a handle on what’s happening at every site.

While Belfry isn’t an insurance provider, it helps you check those boxes by making your day-to-day easier to manage — and easier to document when it counts.

Here’s how:

• Digital incident reporting: Goodbye pen and paper — guards can more easily keep you up-to-date by sending digital incident reports through the Belfry mobile app. They can even attach any evidence if needed.
• Track certifications: Prevent license compliance lapses by inputting your officers’ licenses and certifications. Belfry tracks renewal dates automatically and sends notifications when they’re coming up.
• Custom reporting: Need to create reports? Belfry allows you to design tailored reports, including incident documentation, patrol activities, and compliance status.
• Simplified payroll: Belfry automates time and attendance tracking to make payroll easier. It also tracks overtime, labor expenses, and timesheets to make financial reporting a breeze.

See how Belfry can help you manage your security operations. Schedule a Free Demo Today.