Uncategorized – Security Insured http://securityinsured.co.uk Insurance Brokers for the Security Industry Wed, 20 Jun 2018 09:12:50 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.6 NEW – Security Insured Launches Superhero Insured http://securityinsured.co.uk/new-security-insured-launches-superhero-insured/ Fri, 01 Apr 2016 08:33:38 +0000 http://securityinsured.co.uk/?p=3019 Is protecting the world from evil just a part of your daily routine? Do you, like only a few special chosen ones possess a superpower? Well then, finally we have launched an insurance product that’s right for you.

Superhero Insurance Bespoke For You

Travel Insurance

For the time traveling superhero. Do you travel to new dimensions or often find yourself traveling back in time to prevent nasty indiscretions ever happening… well our Superhero Travel (Space & Time) Insurance with unlimited trips is definitely for you.

Transportation Insurance & Breakdown Cover

As you know, not all superheroes have the ability to fly, for those of you who spent your younger days as mere mortals and/or have had superheroism thrust upon them, we have formulated some great cover for you and your chosen mode of transport. Whether it’s flying suits, telephone boxes, surfboards, or a car or van that’s armed to the teeth, we’ll get you covered.

There are of course those superheroes that drive vehicles, and others that actually are vehicles, which is why we have added Autobot Insurance to our list of impressive new products.

Health Insurance

If it’s one thing we know about you superheroes it’s that you’ll always have an arch nemesis and one thing your arch nemesis wants to do, is destroy you. That’s why we’ve created SuperheroHealth with our yearly superpower recharge service and MOT.

Our health insurance will protect you from such things as:

  • Loss of superpowers (see our liability policy for ‘on the job’ loss of superpowers/consequential loss of superpowers)
  • Identity recognition (add our mobile phone force field extension and never worry about being unmasked in a fan selfie again)
  • 50% saving for ongoing superpower training (including Wizardry)

Gadget Insurance

Power rings, indestructible shields, web shooters, a lasso of truth, utility belts, the list of superhero gadgets just goes on. If you own it and it helps you protect our planet from evil, we’ll insure it.

Terms and Conditions

  • You must be able to prove you are a ‘goodie’ and not a ‘baddie’.
  • You must have a superpower (putting on your mums tights and a cape does not qualify you).
  • No matter how hot she/he is, you must not reveal your identity under any circumstances.


  • Height: 370,300km
  • Depth: 10m

“With great power comes great responsibility. This is our policy, our terms. Who are we? Superhero Insured”.

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Contact Nick Hems on 0800 7797 880 if you qualify.

Why you need security guard insurance http://securityinsured.co.uk/why-you-need-security-guard-insurance/ Thu, 24 Mar 2016 10:31:38 +0000 http://securityinsured.co.uk/?p=3012 Why you need a specialist broker for your Security Guard insurance.

There are a number of factors to take into account. Some security guards will be working in public places, protecting works of art, data centres or museums while others might be protecting an individual at a private home handling guard dogs ( see Close Protection Insurance ) . Others static guards will be keeping public order at events, or even apprehending suspected criminals in public areas like Shopping Centres.

Security Guard Duties Vary

As you can see and well know if you are in this industry, security guards duties vary and for that reason it is best to pick a specialist broker to find you the most comprehensive and competitive cover on the market place. That is where Security Insured come in. Our extensive knowledge of the security guard insurance marketplace means we immediately know where to go to get the best deals, saving you money.

Type of cover we offer

  • Static Guard Public Liability Insurance
  • Static Guard Employers Liability Insurance
  • Cash Carrying Liability Insurance
  • Guard Dog Security Liability Insurance
  • Efficacy and Contractual Liability
  • Fidelity Bonding (Theft or Dishonesty by Employees)
  • Financial Loss (Including Products)
  • Loss of Keys/Consequential Loss following Loss of Keys
  • Wrongful Arrest Cove

Click here to read more about Security Guard Insurance

5 Reasons Why Your Security Company Needs a Specialist Broker http://securityinsured.co.uk/5-reasons-why-your-security-company-needs-a-specialist-broker/ http://securityinsured.co.uk/5-reasons-why-your-security-company-needs-a-specialist-broker/#respond Mon, 29 Feb 2016 11:56:19 +0000 http://securityinsured.co.uk/?p=2949 Many security businesses are unaware of the importance of using a specialist broker such as Security Insured for their insurance needs and often think of protecting their security products, services and personnel as an afterthought. But the very nature of the security business makes it one of the higher risk industries when it comes to insurance claims, and selecting the right broker who specialises in your field can save you a lot of time and trouble. And if you’re still not convinced, here’s 5 more reasons why your security company needs a specialist broker:

  1. Detailed Knowledge of Your Industry

A security industry broker specialises in your field and understands the challenges and threats that your business faces on a day-to-day basis, as well as complicated industry terminology and jargon. Specialist brokers are up-to-date with the latest changes in your industry, such as new legislation that affects your company or security personnel.

In short a specialist such as Security Insured, saves your business time through their in depth knowledge of the marketplace and their ability to understand what you do quickly.

After all, you wouldn’t buy a fire alarm from a travel agent and I’m betting you wouldn’t book a holiday with a locksmith. No matter how diligent your insurance broker may be, if they don’t specialise in the security industry, they won’t be as well equipped to advise you on the risks and opportunities unique to your business.

  1. Access to Specialist Insurance Underwriters

A specialist broker has access to specialist insurance underwriters. And longstanding professional relationships with important insurance providers within the security industry. They can intercede on your behalf in the event of any problem or misunderstanding between your company and the insurer, and will have extensive knowledge of any complaints procedures. Specialist security industry brokers can advise you on how to answer questions on applications for insurance and how to effectively elaborate your answers to the underwriters setting your premiums.

  1. Cost-Efficiency

Specialist brokers who understand your industry inside and out will be more cost-effective for your company on a long term basis. They’ll be able to find the best possible rates through longstanding professional relationships and broker discounts.

Premiums are lower using an insurance broker because the overall risk is lower for the insurer. Why? Because insurance brokers are professionally trained to choose the right policy for your business; and a specialist security industry insurance broker will be especially equipped to know the exact value of your assets and not under-insure any parts of your business. This will avoid unnecessary claims and ensure that the right premiums are maintained.

You already know that using an insurance broker will save you the time of personally calling around several different providers to check rates, but a specialist broker will be that much more efficient, making useful suggestions based on a deep knowledge of the environment you operate in. You also won’t have to waste phone call after phone call explaining what a CPO is or who NASDU is for the third time.

  1. Personalised Service

All insurance brokers will offer a personalised service. But going with a specialist in the security field means that you really will be a name and not a policy number to them. Their businesses are smaller and more targeted, which means they can provide a higher level of service that you simply can’t get at a larger company.

You’ll have your own personal security broker who knows you; your company, your fleet, your locations; and can provide valuable insights and advice on the best strategies and practices to handle any potential setbacks or risks to your business.

  1. They Can Tell How Competitive Your Premiums Are

Specialist brokers have intimate knowledge of the state of the security industry insurance market, and will know the underwriters’ criteria for evaluating applications. This means that they will always be able to present your security company in the best possible light.

Insurance markets are fluid and circumstances can change quickly, meaning that the premium that was right for your firm last month, may no longer be the most competitive today. A specialist broker can tell in an instant how competitive or fair your premiums are and make sure you’re never paying out extra cash each month unnecessarily.

Blog Written by: Nicholas Hems

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Directors’ & Officers’ Cover – Is It For Me? http://securityinsured.co.uk/directors-officers-cover-is-it-for-me/ http://securityinsured.co.uk/directors-officers-cover-is-it-for-me/#respond Thu, 20 Aug 2015 16:01:01 +0000 http://securityinsured.co.uk/?p=2913 “Directors’ and Officers’ Liability Insurance – also known as D&O essentially covers the cost of compensation claims made against a business’s directors and key managers (officers) for alleged wrongful acts.

Wrongful acts include:
• breach of trust
• breach of duty
• neglect
• error
• misleading statements
• wrongful trading

Do You Need It?
If your company has directors or key managers, directors’ and officers’ liability insurance can cover the cost of compensation claims made against them by shareholders, investors, employees, regulators or third parties.
Directors and officers have specific duties, responsibilities and powers relating to their positions. These are usually set out in their job description or terms of reference. If a director or officer of your company is found to have acted outside of their terms of reference, civil, criminal or regulatory proceedings can be brought against them.

Directors’ and officers’ liability insurance covers the cost of defending these proceedings, as well as any compensation costs that arise from an unsuccessful defence.
If directors and officers do not have insurance, they face a greater risk of not being able to defend themselves against:
• disqualification from holding the position of director
• civil proceedings which can lead to hefty legal costs and awards for damages
• criminal prosecution which can lead to fines and possible imprisonment

What Does It Cover?
Directors’ and officers’ liability covers claims made by:
• regulators, e.g. investigations by the Health and Safety Executive (HSE) or the Office of Fair Trading shareholders or investors, i.e. for failure to act in the company’s best interest
• creditors

It also covers claims brought in relation to:
• breach of European legislation
• insolvency

Employment practices liability insurance can be bought as an extension of directors’ and officers’ liability insurance. It covers employee discrimination claims, e.g. for unfair dismissal, harassment, or failure to promote a person.

Directors’ and officers’ liability sometimes covers defence costs arising from criminal and regulatory investigations into your company where no actual wrongful act has been alleged against a director. Contact your insurer to find out what your policy covers.

What Is Not Covered
Directors’ and officers’ liability does not cover claims made against your organisation as a whole, only those made against individuals for alleged wrongful acts carried out in their capacity as directors or officers.”

Credit to The Association of British Insurers.

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Your Insurance Quotation – How is it Calculated http://securityinsured.co.uk/your-insurance-quotation-how-is-it-calculated/ http://securityinsured.co.uk/your-insurance-quotation-how-is-it-calculated/#respond Fri, 20 Feb 2015 17:23:27 +0000 http://securityinsured.co.uk/?p=2755 Many people do think that Insurers pluck a figure out of the air when they are to do an quotation? Whilst it may seem like this on occasion, the reality is very different.

Pricing an insurance quotation can be a complex series of actuary driven calculations. Here we will try and explain some of the criteria and what influences pricing:

  • Turnover and Wageroll – This is the biggest rating factor for insurance quotations when it comes to the price you may pay. The turnover is representative of the likely company size and the wageroll of the number of employees you have.
  • Type of Activity – Whether you are a door supervisor, alarm installer or static guard company, the rating developed by underwriters will reflect the claims experienced related to that trade group. Door Supervision companies tend to pay more when they obtain their security insurance quotation than static guards purely due to the claims experienced being worst statistically.
  • Location – Sometimes the location and areas where work are carried out can have an effect on the pricing of your insurance quotation.
  • Experience – How long you have been in business is also reflected in your quotations for insurance. Sometimes new start ups can be penalised by means of premium loading.
  • Claims Experience – How many claims and their value has a specific effect on the price you will pay for your insurances. Having claims can mean that that underwriters are less able to apply discounts to your insurance quotation.

At Security Insured we take a pragmatic approach to rating security insurance quotation, we have the discretion to waive new venture loading and take claims on their merit. We pride ourselves in treating customers as individuals and not numbers.

Why not approach Security Insured today for you security insurance quotation?

Blog created by Golan Lambranzi – Security Insured

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The Difference Between Bona-Fide Subcontractors and Labour Only Subcontractors http://securityinsured.co.uk/the-difference-between-bona-fide-subcontractors-and-labour-only-subcontractors/ http://securityinsured.co.uk/the-difference-between-bona-fide-subcontractors-and-labour-only-subcontractors/#respond Mon, 16 Feb 2015 14:48:59 +0000 http://securityinsured.co.uk/?p=2742 One of the most common questions we are asked is whether employees are classed as labour only or self-employed subcontractors. When you obtain a security insurance quotation it’s really important that you are as accurate as possible with your estimates.

Many insurance quotations will require you to be within 25% accuracy of the declared figures or you will need to notify insurers immediately.

At Security Insured we arrange insurances that are bespoke to you and aim to give you as much information as possible for you to be able to make an informed decision.

The below should help you identify who is a Bona Fide Sub Contractor and who is a Labour Only Sub Contractor.

Bona Fide Subcontractors

Separate firms/individuals who quote for work usually relating to their specific field and work to a contract.

  • Have their own Public Liability/Employers Liability cover
  • Supply their own materials/equipment
  • Importantly they work and are not supervised
  • Use their own equipment and tools
  • Are responsible for their own health and safety
  • They may employ additional employees
  • Are responsible for their portion of the contract with guarantees/maintenance & must see it through
  • The firm is paid as a firm by the main contractor.
  • Main contractor requires Public Liability contingent cover only for BFSC’s.

Labour only Subcontractors (employees paid gross of tax)

  • Rely on employers PL/EL cover – Firm has to insure full wages of
  • Given materials to work on, supervised, have to comply with H & S arranged for them
  • Given detailed instructions on what to do.
  • Paid hourly and can be hired and fired.
  • Don’t give a guarantee for work done and may leave part way through.

It’s important to remember that the test for taxation by the HMRC and the test for whether someone is covered by the Employers Liability Act are different from one another. An employee/contractor may be responsible for their own tax but you may be responsible for any injuries they sustain at work.

For a comprehensive insurance review why not seek help from Security Insured this year? Take advantage our specialist knowledge in obtaining a competitive security insurance quotation.

Blog created by: Golan Lambranzi – Security Insured

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The ERN (Employer PAYE Reference) Explained http://securityinsured.co.uk/the-ern-employer-paye-reference-explained/ http://securityinsured.co.uk/the-ern-employer-paye-reference-explained/#respond Fri, 06 Feb 2015 17:01:25 +0000 http://securityinsured.co.uk/?p=2673 I decided to write this blog after talking to a lot of new start-up companies who were looking for an insurance quotation for the first time. Security Insured always aim to give our clients as much information and knowledge as we can in order to help make obtaining your insurance quotation as quick and painless as possible.

Why does my ERN need to be declared?

In the event of an Employers Liability Claim it’s necessary to identify, quickly and efficiently, all the companies where the employee in question has worked. Employers Liability insurance claims can occur long after the alleged actual event (for example the mesothelioma claims relating to employee exposure to asbestos) and fumbling through the stacks of paperwork to find the relevant insurer is a time consuming and sometimes stressful exercise.

It’s hoped that the recent implementation of ERNs will streamline this process and make life a whole lot easier for both claimants and insurers alike. Your ERN is issued by HM Revenue & Customs (HMRC) once you have registered for PAYE for Employers.

What role does Employer’s Liability Tracing Office (ELTO) play?

Searches for Employer’s Liability Insurers will be undertaken by an independent industry body called the Employer’s Liability Tracing Office (ELTO). They will use a centralised database combining ERNs and information on Employers Liability policies to track down and match-up relevant insurers to companies on the receiving end of claims.

How could it benefit me?

Don’t view the ERN as just another piece of paperwork/documentation that you need to obtain, there is a significant benefit to you. EL insurance is a legal requirement for most companies with employees if you were to be faced with a claim, the ELTO can prove you had the insurance at the time you employed the claimant. This means your insurer foots the bill and you don’t.

What Does an ERN look like?

This reference is made up of two parts: a three-digit HMRC office number, and a reference number unique to your business.

If the number was issued prior to 2001 it will look like – 123/A45678

If the number was issued after 2001 it will look like – 123/AB45678

The first part of the ERN is 3 digits and this identifies the tax office number that deals with your PAYE for example 123. The second part of the reference comes after the forward slash and is your tax office employer reference, for example /AB45678.

You will find this reference on the yellow PAYE Payslip booklet supplied by HMRC. When this is done online barring any complications your ERN should be issued to you within 14 days.

What if I think I have lost my ERN?

It is important that you keep hold of you ERN, as you will need it regularly throughout the tax year. If you have lost the number, you will be able to find it on correspondence from HMRC relating to PAYE. It will also appear on any P45s or P60s for previous or current employees of which you have copies.

You could also speak to the HMRC over the telephone who should be able to confirm your ERN for you if you are having real difficulties.
Are any businesses exempt from having an ERN?

The only firms that are exempt are where the employer pays all their employees below the PAYE threshold (£503.00 monthly) or businesses registered in Guernsey & Jersey.

If you think you may be exempt, please call us so we can discuss this with you at any time during your insurance quotation..

Blog created by: Nicholas Hems – Security Insured

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Help Protect Yourselves From Escalating Claims Reserves – Part 2 http://securityinsured.co.uk/help-protect-yourselves-from-escalating-claims-reserves-part-2/ http://securityinsured.co.uk/help-protect-yourselves-from-escalating-claims-reserves-part-2/#respond Thu, 29 Jan 2015 15:20:20 +0000 http://securityinsured.co.uk/?p=2617 Last week the Security Insured blog focused on the importance of selecting a proactive insurance broker that regularly reviewed the claims made on your policy as well as how vital it is to always give full details of any incidents that do occur within the policy lifetime. All of this of course goes towards saving you money moving forwards.

This week I thought I would share with you all an example where, with no fault by the policyholder or insurer, a claim cost can escalated out of control, this really does drum home the importance of the above.

Our policyholder’s (CCTV installation company) ladder toppled over in the wind and damaged a motor vehicle which was 7 years old. The damage appeared to be in the cost region of £500 and our policyholder notified the Insurer within a week. However during that week, the owner of the car had contacted a credit hire company and were provided with a vehicle for the duration of the repair of their vehicle.

Consequently, due to weekly hire charges in the main, the claim was settled, in a very efficient timescale by the Insurers, at a cost of £7,500.

When I started discussing renewal terms with the client and told him what the claim had been settled for, he was astounded. Indeed he thought the Insurers had made an error.

However, everybody involved had done exactly what they needed to do in a reasonable fashion and still outside influences had exaggerated the cost.

The above is a good example of notifying your Insurer of a potential claims incident as soon as possible. Imagine if our client had left notifying the Insurer for another couple of weeks!

Security Insured’s message is don’t delay telling us if an incident occurs. Escalating costs cannot be avoided in certain circumstances but if we know about the incident quickly, we can do our best to mitigate a claim cost.

We make sure there are no undue delays by Insurers and in the long term, reduced claims payments result in reduced future insurance costs.

Blog created by: Rob Hart – Security Insured

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Security Companies: Help Protect Yourselves From Escalating Claims Reserves http://securityinsured.co.uk/security-companies-help-protect-yourselves-from-esculating-claims-reserves/ http://securityinsured.co.uk/security-companies-help-protect-yourselves-from-esculating-claims-reserves/#respond Fri, 23 Jan 2015 10:32:06 +0000 http://securityinsured.co.uk/?p=2604 Liability Insurance (Public Liability & Employers Liability) is only considered an inconvenient necessity until the time comes when an incident happens and you are looking at a substantial payment. This is when who you pick as your Insurer shows their true value.

It is true to say that when an incident occurs, the natural response from a potential claimant is to go to a no win no fee company and they will pursue you and your Insurer with vigour. You may not feel that an incident warrants a claim but your Insurer has to decide ‘what would a judge decide if this matter went to court’? Insurers also have to consider whether it is economically viable to defend the claim to the degree of defending the claim in court. Unfortunately we see these incidents quite regularly in the field of Security Insurance.

There can be long term implications for your insurance cover as you have to disclose any incident to a potential new Insurer and claims can take years to resolve. An Insurer will place what is known as a reserve on the claim and it is normally at the high end of the potential loss. The reserve applied can affect any potential Insurers consideration of the risk and some of the reserves applied do not seem justifiable. However, they are not going to reduce them freely as with higher estimates, the likelihood of the business moving to a new insurer is reduced.

A good broker should review any claims on your policy at least twice a year. Security Insured have agreed with their new scheme provider that outstanding claims, and the reserves attached thereto, will be reviewed every 6 months.

In addition, when you ask us to provide a quotation, if you can provide a reasonable amount of information regarding outstanding incidents, we will take a common sense approach with the reserves presented to us by previous Insurers.

Security Insured are pro active rather than reactive for our existing and potential customers. If you are not currently insured with us for your liability covers, talk to your broker and get them to review your claims history. It can save you substantial amounts on your premiums and enable you to move to a new Insurer who is offering better cover and potential savings on your insurance cost.

Why not have a chat with Security Insured, even if you are not currently insured with us, please feel free to give us a call.


Blog created by: Rob Hart – Security Insured

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Knowing the Difference Between a Door Supervisor and a Security Guard http://securityinsured.co.uk/knowing-the-difference-between-a-door-supervisor-and-a-security-guard-dont-get-caught-out/ http://securityinsured.co.uk/knowing-the-difference-between-a-door-supervisor-and-a-security-guard-dont-get-caught-out/#respond Tue, 16 Sep 2014 22:36:32 +0000 http://securityinsured.co.uk/?p=2554  

It is quite common that people confuse Door Supervisors with Security Guards and vice-versa. In fact we have worked with companies that have previously been penalised on their insurance policies because they have declared that they use door supervisors when in fact they don’t.

The reason why a higher premium is attributed to Door Supervisors is for the simple fact is that there is a far greater potential for an incident to occur which may lead to a claim on a policy featuring Door Supervisors than in any other area of guarding comparatively. This is based on claims history right across the insurance industry and is the reason behind now why some insurers shy away from offering terms to business that operate with solely Door Supervision in their job description.

A licenced Door Supervisor can act as a Security Guard but a Security Guard, even with the proper licence can not act as a Door Supervisor.

Door supervisors are responsible for security, protection or screening the suitability of persons entering licensed premises or dealing with conflict in pubs, night clubs and other licensed premises open to the public. The door supervisor is the individual who works on the premises authorised by the local governing bodies. They also have the responsibility to judge any person entering the premises on their behaviour selecting who may not be suitable to enter the premises. Hence it is required for the Door Supervisor to have proper training in the physical intervention, drug awareness and alcohol licensing whilst keeping the order in the premises in terms of law and each visitor’s safety. In fact it is only the feature of physical intervention within the training modules that sets aside the two.

Security Guards are therefore responsible for security in non-licensed premises, such as buildings, office blocks, retail sites, construction sites, security receptions and other non licensed premises.

Please ensure that you have the right cover and the relevant extensions you need in your insurance policy in order to operate without putting your business at risk. Talk to the Security Insurance specialists today 0800 7797 880.

Blog by: Nick Hems – Security Insured

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