At Security Insured we have designed it so that the cover we offer is as bespoke as possible for the security industry. We will always go the extra mile for our policyholders to highlight to them what covers are most appropriate for them by getting as good an understanding of their business as possible.

Cover Definitions

1. Public Liability And Products Liability Section

Under this section the Insurers will indemnify the Insured against all sums
which the Insured shall become legally liable to pay as damages arising out of accidental injury to any with the Insured’s business.

The Policy can include the following extensions:

Inefficacy And Contractual Liability

This means failure to carry out security duties or security services that the Insured has contracted to perform including deliberate acts wilful default or neglect by the Insured any Director Partner or Employee of the Insured.

Products Inefficacy

Under this extension cover is provided for any liability in respect of the failure of any product to fulfil or perform its intended functions arising out of negligence or wilful default by the Insured any Director Partner or Employee or arising out of wrongful advice.

Wrongful Arrest

The Insurers will indemnify the Insured in respect of all sums, which the Insured shall be liable to pay as damages arising from or out of wrongful arrest committed or alleged to have been committed by the Insured or any Director or Partner or the Employee of the Insured.

Loss Of Keys

This Insurance will grant indemnity against all sums the Insured shall become legally liable to pay in the event of loss of keys necessitating the replacement changing or alteration of locks at the customers’ premises. The Insurance also grants indemnity against all sums payable for consequential loss arising out of loss of keys.

Financial Loss

Under this section the Insurers will indemnify the Insured against all sums that the Insured is legally liable to pay as damages costs and expenses for accidental financial loss where such loss is not consequent upon injury or loss of or damage to property.

Fidelity Guarantee

The Insurers will indemnify the Insured in respect of loss of Money or goods for which the Insured is legally liable due to any act of fraud dishonesty or embezzlement committed by any Employee of the Insured whether acting alone or in collusion with others.

The public and products liability section can also include the following extensions:

  1. Cross Liabilities
  2. Legal Costs and Expenses
  3. Defective Premises Act 1972
  4. Leased and Rented Premises
  5. Motor Contingency Liability
  6. Mechanical Plant as a Tool of Trade
  7. Indemnity to Principal
  8. Overseas Personal Liability
  9. Compensation for Court Attendance
  10. Health and Safety at Work and Corporate Manslaughter Defence Costs

Full explanation of above extensions can be provided on request.

2. Employers Liability Section

This insurance is required by law and provides cover for legal liability in respect of Accidental Death, Bodily Injury or Disease to any person employed arising out of and in the course of his or her employment.
The following Extensions will be included

  1. Compensation for Court Attendance
  2. Health and Safety at Work and Corporate Manslaughter Defence Costs
  3. Unsatisfied Court Judgements
  4. Indemnity to Principal
  5. Employees Unsatisfied Damages

 

All the above sections will provide insurances in accordance with the limits of liability and excesses stated in the quotation and schedule of the policy.

We can also provide covers for the following additional insurances:-

1. Buildings Contents and all Risks
2. Directors & Officers Liability
3. Fleet
4. Personal Accident
5. Cash in Transit
6. Legal Expenses.