Has anyone gotten a $1 million policy for general liability insurance covering a security company in wisconsin

Question

I am looking into it right now and would like to know what it is going to cost me before checking out insurance companies. if you just a have general round number that's fine, or if you can provide specific examples that's even better. Thanks in advance. The compnay I am looking to form is a uniformed security guard unarmed company if that helps.

Answer 1

There are too many variables here to give you one easy answer. It may depend on your loss experience, whether you do background checks of your employees, etc etc. Security services tend to be expensive to insure, because most people don't provide very good training or do background checks. Call an independent agent, and they will shop around for you to get you the best deal. Also , a $1M GL policy is probably not enough.