Insurance Requirements

Each employer of armed private security personnel shall file with the Department of Revenue and Taxation a certificate of insurance evidencing general liability coverage for bodily injury, personal injury, and property damage with endorsements for assault and battery in the minimum annual aggregate amount of One Hundred Fifty Thousand Dollars ($150,000) for bodily or personal injury, and a minimum annual aggregate amount of One Hundred Thousand Dollars ($100,000) for property damage. All private security employers are required to secure a policy with the least deductible amount. Any policy issued to a private security employer with a deductible amount shall bear a certification from the insurer, or its duly appointed general agent or sub-agent, and shall state that the deductible set forth in the policy is the least amount duly approved by the Commissioner of Banking and Insurance. The certificate of insurance required herein does not apply to employers of unarmed security personnel who do not provide armed security services. For this purpose, employers of unarmed security personnel shall mean employers who shall prohibit or shall not allow COL12302011 CH. 71 PRIVATE SECURITY ORGANIZATIONS security personnel to use physical force, and/or possess or have access to firearms, clubs or batons, shock or stun devices, and incapacitating agents. The Department of Revenue and Taxation shall adopt a designation that shall identify on a business license that such business is licensed to provide armed security services. If at any time the certificate of insurance is revoked, or cancelled, then the Department shall revoke the business license of such business that is required to maintain a certificate of insurance.