Getting the right coverage for your Alarm business
The alarm business is complex. Whether you install or monitor them, you handle tricky situations. And those situations have risks. We understand what those risks are. And we’ll create coverages to protect you and your business.
At Brownyard Programs and Crum & Forster Specialty, we have over 80 years of experience. We know how to create the best policies in the alarm industry.
IS YOUR STATE ELIGIBLE?
We provide alarm insurance throughout the country, in all 50 states. So whether you're in Alaska, Arizona, Nebraska or New York, your state's eligible.
Risks and Solutions
We've seen many events in the alarm and monitoring industry, most of which couldn't be foreseen or avoided. We'll help make sure you're covered so unfortunate events won't put your assets at risk.Read More
Common Questions and Answers
Q: What is the right amount of coverage for a security firm?
A: An alarm contractor should have a minimum of $1 Million Occurrence / $3 Million Aggregate for General/Professional Liability coverage on an occurrence basis. They should not accept a certificate for a master policy as adequate coverage; they should be the only company on their policy. These limits should increase based on exposure in operations of the company and contract requirements. Many contracts require a General/Professional Liability and Excess/Umbrella combined limit from $5-$10 Million. Always check with your insurance broker for contract requirements by clients.
Q: What standard coverages should an alarm security firm require of their carrier?
A: Adequate limits of coverage. General and Professional coverage. No sub-limits on major coverage risks. Broad contractual coverage. Broad coverage for theft by 1st and 3rd Parties. No conviction or anti-collusion clauses on theft coverage. Vicarious liability coverage for intentional and criminal acts that protect the company. No exclusion for punitive damages. Sexual Harassment/Molestation/Discrimination coverage. Coverage for all property in the company’s care, custody, and control. Protection from third-party oversuit – where clients sue the contractor after an employee sues the client.