Security business insurance averages $124 monthly, with costs ranging from $45 to $241 based on coverage types and your state location.
Get matched with cheap security business insurance below.
Updated: October 15, 2025
Advertising & Editorial Disclosure
Security business insurance costs $540 to $2,887 annually on average, varying by coverage type, state and sub-industry.
Your security insurance premiums vary based on your location, claims history, the services you provide and your employee count.
Shop multiple business insurers, bundle coverage, raise deductibles and pay annually to reduce your Security business insurance costs.
We found average business insurance costs for security companies for commonly needed coverage are as follows:
| BOP | $206 | $2,475 |
| General Liability | $140 | $1,675 |
| Professional Liability (E&O) | $100 | $1,197 |
| Workers' Comp | $52 | $627 |
Note: We based these rates on small businesses with two employees across 79 major industries, focusing on four coverage types: general liability, professional liability/errors and omissions (E&O), workers' comp and business owner's policy. Your actual rates will vary based on your specific business factors and location.
Select your industry and state to get a customized quote.
Your security business cost for general liability insurance through NEXT varies by location. Maine delivers the best value at $121 monthly compared to the $140 national average, while New York costs $163 monthly for comparable coverage.
| Alabama | $135 | $1,625 |
| Alaska | $141 | $1,691 |
| Arizona | $133 | $1,590 |
| Arkansas | $134 | $1,609 |
| California | $156 | $1,869 |
| Colorado | $139 | $1,663 |
| Connecticut | $152 | $1,823 |
| Delaware | $148 | $1,781 |
| Florida | $151 | $1,816 |
| Georgia | $142 | $1,704 |
| Hawaii | $142 | $1,703 |
| Idaho | $133 | $1,590 |
| Illinois | $153 | $1,842 |
| Indiana | $136 | $1,636 |
| Iowa | $133 | $1,597 |
| Kansas | $136 | $1,629 |
| Kentucky | $130 | $1,558 |
| Louisiana | $154 | $1,844 |
| Maine | $121 | $1,453 |
| Maryland | $133 | $1,600 |
| Massachusetts | $147 | $1,760 |
| Michigan | $132 | $1,588 |
| Minnesota | $131 | $1,573 |
| Mississippi | $140 | $1,685 |
| Missouri | $136 | $1,638 |
| Montana | $139 | $1,670 |
| Nebraska | $132 | $1,587 |
| Nevada | $159 | $1,903 |
| New Hampshire | $139 | $1,668 |
| New Jersey | $158 | $1,901 |
| New Mexico | $141 | $1,687 |
| New York | $163 | $1,955 |
| North Carolina | $121 | $1,453 |
| North Dakota | $122 | $1,458 |
| Ohio | $130 | $1,556 |
| Oklahoma | $128 | $1,535 |
| Oregon | $130 | $1,558 |
| Pennsylvania | $162 | $1,938 |
| Rhode Island | $154 | $1,843 |
| South Carolina | $144 | $1,728 |
| South Dakota | $131 | $1,568 |
| Tennessee | $136 | $1,636 |
| Texas | $141 | $1,692 |
| Utah | $133 | $1,597 |
| Vermont | $134 | $1,611 |
| Virginia | $127 | $1,527 |
| Washington | $159 | $1,908 |
| West Virginia | $147 | $1,760 |
| Wisconsin | $137 | $1,646 |
| Wyoming | $129 | $1,551 |
Note: We based these general liability rates on security businesses with two employees across different states. Your rates will vary based on your location, claims history and the types of services you provide.
The cost of workers' compensation insurance for security businesses differs across states. Maine provides the most affordable coverage at $45 monthly, while New York reaches $61 monthly. Our analysis shows that state regulations and historical claim patterns affect these pricing differences.
| Alabama | $51 |
| Alaska | $47 |
| Arizona | $50 |
| Arkansas | $50 |
| California | $58 |
| Colorado | $51 |
| Connecticut | $57 |
| Delaware | $56 |
| Florida | $57 |
| Georgia | $53 |
| Hawaii | $55 |
| Idaho | $49 |
| Illinois | $57 |
| Indiana | $50 |
| Iowa | $50 |
| Kansas | $50 |
| Kentucky | $49 |
| Louisiana | $60 |
| Maine | $45 |
| Maryland | $50 |
| Massachusetts | $55 |
| Michigan | $49 |
| Minnesota | $49 |
| Mississippi | $53 |
| Missouri | $52 |
| Montana | $52 |
| Nebraska | $50 |
| Nevada | $60 |
| New Hampshire | $52 |
| New Jersey | $59 |
| New Mexico | $53 |
| New York | $61 |
| North Carolina | $45 |
| Oklahoma | $49 |
| Oregon | $48 |
| Pennsylvania | $60 |
| Rhode Island | $57 |
| South Carolina | $53 |
| South Dakota | $49 |
| Tennessee | $51 |
| Texas | $52 |
| Utah | $50 |
| Vermont | $50 |
| Virginia | $47 |
| West Virginia | $55 |
| Wisconsin | $51 |
Note: We based these workers' comp rates on security businesses with two employees across different states. Your workers' comp requirements and costs will vary by state since each has different regulations.
Your professional liability cost varies by state. Nationwide, this coverage averages $100 monthly. North Carolina offers the most affordable rates at $85 monthly, while New York has the highest costs at $115 monthly.
| Alabama | $98 |
| Alaska | $91 |
| Arizona | $94 |
| Arkansas | $96 |
| California | $112 |
| Colorado | $99 |
| Connecticut | $109 |
| Delaware | $107 |
| Florida | $110 |
| Georgia | $100 |
| Hawaii | $108 |
| Idaho | $94 |
| Illinois | $107 |
| Indiana | $98 |
| Iowa | $94 |
| Kansas | $98 |
| Kentucky | $91 |
| Louisiana | $113 |
| Maine | $87 |
| Maryland | $96 |
| Massachusetts | $105 |
| Michigan | $95 |
| Minnesota | $94 |
| Mississippi | $101 |
| Missouri | $101 |
| Montana | $97 |
| Nebraska | $96 |
| Nevada | $113 |
| New Hampshire | $97 |
| New Jersey | $113 |
| New Mexico | $101 |
| New York | $115 |
| North Carolina | $85 |
| North Dakota | $88 |
| Ohio | $92 |
| Oklahoma | $93 |
| Oregon | $91 |
| Pennsylvania | $113 |
| Rhode Island | $112 |
| South Carolina | $101 |
| South Dakota | $93 |
| Tennessee | $98 |
| Texas | $100 |
| Utah | $94 |
| Vermont | $98 |
| Virginia | $90 |
| Washington | $114 |
| West Virginia | $105 |
| Wisconsin | $98 |
| Wyoming | $93 |
Note: We based these professional liability rates on security businesses with two employees across different states. Your actual rates will depend on your services offered and location.
Your security business insurance costs depend heavily on your state, with business owner's policy coverage showing the biggest price differences. BOP insurance cost varies dramatically across the country, from $178 monthly in North Dakota to $241 in New York for the same coverage.
| Alabama | $201 |
| Alaska | $209 |
| Arizona | $197 |
| Arkansas | $203 |
| California | $227 |
| Colorado | $204 |
| Connecticut | $223 |
| Delaware | $220 |
| Florida | $223 |
| Georgia | $210 |
| Hawaii | $209 |
| Idaho | $197 |
| Illinois | $233 |
| Indiana | $201 |
| Iowa | $194 |
| Kansas | $204 |
| Kentucky | $191 |
| Louisiana | $230 |
| Maine | $181 |
| Maryland | $192 |
| Massachusetts | $216 |
| Michigan | $191 |
| Minnesota | $194 |
| Mississippi | $204 |
| Missouri | $203 |
| Montana | $207 |
| Nebraska | $194 |
| Nevada | $237 |
| New Hampshire | $205 |
| New Jersey | $233 |
| New Mexico | $207 |
| New York | $241 |
| North Carolina | $179 |
| North Dakota | $178 |
| Ohio | $193 |
| Oklahoma | $190 |
| Oregon | $190 |
| Pennsylvania | $239 |
| Rhode Island | $235 |
| South Carolina | $213 |
| South Dakota | $190 |
| Tennessee | $201 |
| Texas | $209 |
| Utah | $196 |
| Vermont | $198 |
| Virginia | $189 |
| Washington | $231 |
| West Virginia | $214 |
| Wisconsin | $199 |
| Wyoming | $192 |
Note: We based these BOP rates on security businesses with two employees across different states. Your actual rates will vary based on your business size, location, and coverage needs.
Security business insurance costs vary widely by provider, ranging from $56 to $199 per month. These differences reflect each insurer's market focus and strategic priorities, which shift based on profitability and coverage expansion opportunities.
| Chubb | $156 | $1,875 |
| Coverdash | $125 | $1,495 |
| Hiscox | $56 | $671 |
| NEXT Insurance | $108 | $1,290 |
| Nationwide | $143 | $1,714 |
| Progressive Commercial | $128 | $1,538 |
| Simply Business | $199 | $2,391 |
| The Hartford | $103 | $1,233 |
| Thimble | $137 | $1,638 |
| biBERK | $107 | $1,284 |
Several factors affect your security business insurance costs, including company size, location, services offered, claims history and coverage limits.
Crime rates and client demand patterns vary between markets. Security firms operating in high-crime urban areas have different risk profiles and pricing than those serving quiet suburban or rural communities with lower incident rates.
Use-of-force incidents and wrongful detention allegations create liability exposure. Claims involving guard misconduct, failure to prevent crimes or civil rights violations will shadow your insurance file and substantially increase future premiums.
Providing guards for retail stores or office lobbies presents manageable exposure. Companies protecting high-risk venues like nightclubs, cash-handling businesses or controversial events have dramatically elevated liability that insurers account for when setting rates.
Security guards work varied shifts in potentially dangerous situations requiring constant alertness. Every officer you employ increases workers' comp obligations, with premiums scaling based on total payroll and the confrontational nature of security work.
Unarmed observation and patrol services form the baseline for this industry. Adding armed guards, executive protection or tactical response teams introduces weapons liability and higher-stakes scenarios that demand substantially more coverage.
Contract volume and guard deployment numbers reflect your total exposure to incidents. Small operations billing $120,000 with a handful of part-time guards operate at vastly different scales than regional firms earning $750,000 across dozens of client sites.
Professional liability and general liability both matter for security operations. Most firms carry $1 million minimum, but companies with armed guards or high-profile clients frequently need $2 million to $5 million in coverage given potential claim severity.
Patrol vehicles, communication systems and surveillance equipment require proper property protection. Companies running marked patrol cars with advanced monitoring technology need more comprehensive coverage than firms providing basic foot patrol services.
State licensing requirements and guard training standards demonstrate operational professionalism to insurers. Companies maintaining proper certifications, thorough background checks and solid financial records secure more favorable rates than those with compliance gaps.
Lowering your security business insurance costs takes a combination of smart comparison shopping and consistent risk management. Follow our guide to find affordable coverage for your security business while strengthening your company’s risk profile over time.
Security companies need general liability for injuries during patrols or detainments, professional liability for security failures allowing theft or harm and workers' compensation for assault injuries to guards.
Add commercial auto for patrol vehicles, cyber liability if you monitor alarm systems or surveillance, errors and omissions for response failures, commercial crime coverage for employee dishonesty and excess liability since lawsuits can easily exceed standard limits.
Security insurance costs vary dramatically based on whether you provide unarmed guards, armed protection, alarm monitoring, or executive protection services requiring higher liability limits. Security-focused insurers understand state licensing requirements, use-of-force liability, and false alarm response risks better than general carriers.
Combining general liability, professional liability, and commercial auto saves 17% to 25% compared to purchasing separately. Many insurers offer security company packages that include cyber liability and excess coverage at reduced bundle rates.
Higher deductibles of $2,500 to $10,000 can reduce premiums by 20% to 30%, but consider that security industry claims involving assaults or wrongful detention can be severe.
Keep professional liability deductibles moderate since defense costs for security failure lawsuits can reach $100,000 to $200,000 even with proper protocols.
Monthly payment plans add 6% to 12% in processing fees, which, on a $16,000 security policy, costs $960 to $1,920 extra annually. Paying annually eliminates these charges and earns 5% to 9% discounts from security carriers.
Review your policy whenever you hire additional guards, add armed security services requiring higher limits, or expand into cybersecurity monitoring or investigations.
These risk management improvements can qualify for premium discounts if you've implemented de-escalation training, background check procedures, body cameras or incident reporting systems.
Security business insurance costs range from $45 to $241 monthly, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
Security business owners commonly ask about insurance costs. We answered the most frequent questions below:
Workers' compensation is the most affordable at $52 monthly, though it only covers employee injuries. Most security businesses require general liability coverage ($140 monthly) for protection against customer accidents and property damage claims.
You'll pay more in these states. General liability in California runs $156 monthly (versus $140 national average), and BOP costs $227 monthly (versus $206 average). New York is similar at $163 and $241, respectively.
Bundling security business insurance policies delivers greater savings compared to purchasing individual coverage. Insurance companies provide discounts when you package general liability, commercial property and commercial auto coverage together with a single provider.
Key factors increase premiums: working high-crime areas, past insurance claims, extensive equipment coverage needs, larger staff sizes, specialized security services and unfavorable credit history.
Higher deductibles reduce monthly premiums but increase out-of-pocket costs during claims. Select based on your business's financial capacity and expected claim frequency.
Workers' compensation costs for security businesses vary by state, spanning from $45 monthly in Maine to $61 monthly in New York.
Yes, BOP insurance is worth it for security companies. BOP costs $206 monthly and packages general liability, commercial property, and business interruption coverage together. This bundled approach delivers better value than purchasing individual policies while offering streamlined management for security businesses.
Shop around each year when your policy renews. Comparing quotes from multiple insurers can uncover savings, especially after business changes like hiring staff or expanding services.
We collected security business insurance quotes from companies across different states. For consistent comparisons, every quote used the same business setup:
We used a typical small security business profile requiring comprehensive coverage. We chose companies offering broad national coverage and online quote capabilities, prioritizing insurers that serve the security industry.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
