Business owners in Jamaica often consider the security of their premises, employees and customers to be a critical element of their operations. Many business owners feel a sense of responsibility to protect their staff and customers from potential criminal activity. Private security companies play an important role in filing this need, and providing valuable security services for individuals and commercial entities. In turn, security companies must ensure they maintain their own coverage and peace of mind.
The security industry in Jamaica is regulated by the Private Security Regulatory Authority (PSRA). In 2004, the PSRA has made it mandatory for security companies to provide life insurance for their security guards. Without proof of the required insurance coverage, they are unable to register or renew registration of their business with the PSRA. Thus, we work closely with security service providers so that they can access the right employee benefits coverage to meet their budget and size. This not only includes Group Life, but also Group Personal Accident and Employers and Public Liability insurances.
The security business is not an easy one and security service providers must tap into careful analysis and experienced insight to mitigate and divert risk. With over 50 years providing commercial insurance brokerage services, we have the expertise and wisdom that security companies can trust. To effectively meet our clients’ needs, we carefully craft loss control and risk management tools specially designed for security companies. We not only see to it that our clients are complying to industry insurance regulations, but we design multifaceted insurance packages that help to protect the businesses whose job it is to protect the lives and property of others.