During your work as an alarm & CCTV installer? Know that similar to a cabinet installer or a kitchen and bathroom fitter, you could cause an injury or property damage. As a prudent technician, take out alarm & CCTV installer insurance to protect yourself from the heavy cost of claims.
You want to have an insurance policy to solve risks and boost income. Alarm and CCTV insurance is a tailored coverage for alarm installers and CCTV installers. There are many insurance policies included. And so, you might have difficulties understanding it.
Here’s a guide that will help. In this discussion, know about the functions of different policies that provide comprehensive protection as you work to become a CCTV installer and alarm technician. Additionally, you’ll know about the cost and the best companies for getting insured.
Alarm and CCTV installer business insurance is not an insurance category by itself, but rather a collection of covers tailored for alarm and CCTV installation technicians and businesses. Protection begins with general liability insurance. Having general liability coverage is required of alarm and CCTV installers in most states.
General liability insurance is an extensive type of insurance that covers you or your business against third-party claims resulting from:
Bodily injury: CCTV and alarm installation insurance having general liability coverage protects you when a third party is injured. For example, if they trip on cables or a toolbox, the cover pays their medical bills
Property damage - General liability included in alarm installers insurance should also protect against unintended damage to a client's property, e.g., damaged ceiling, electronics, furniture, among others
Personal and advertising injury - This is an infringement on the rights, privacy, reputation, or copyrights. For example, if you post a picture of a client's house without permission
Products and completed operations coverage - General liability coverage in alarm company insurance protects you against problems arising from work completed in the past. For example, a faulty alarm or CCTV system that is later recalled
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Only having general liability doesn’t provide the comprehensive protection you need as an alarm and CCTV technician or alarm and CCTV installation service business owner.
There are other insurance policies you need to get. If you’re willing to invest more on premiums, consider adding:
Tools and equipment insurance
Loss of income coverage
Professional liability insurance
Workers compensation insurance
Employer’s liability insurance
Employment practices liability insurance
Equipment in transit insurance
Commercial property insurance
Workplace mistakes can happen and cause economic or financial losses to third parties, particularly clients. General liability only covers personal injury claims and property damage claims. It doesn’t cover claims filed because of acts constituting errors and omissions. And so, consider getting professional liability insurance.
Professional liability insurance offers $1 million - $2 million you can use to pay for lawyer fees, other legal costs, and settlements. It covers the following:
Inaccurate advice - You told the client that a particular CCTV camera brand works best for their needs. However, it turned out that the opposite is true. The camera you suggested overheated quickly and can’t even capture video property. And so, the client had to replace the CCTV camera installed. The client then filed a claim and ask for payment because your advice did more harm than good
Negligence - A school district’s alarm suddenly burned. Upon investigation, it turned out that the alarm was improperly installed. The school district then filed a claim asking for reimbursement for what it spent to reverse the damage and replace the defective alarm
Violation of good faith - It was stated in the contract that you’ll have to install the CCTV camera of a particular brand. However, you didn’t follow the terms and decided to install the CCTV of another brand. Upon knowing about this, the client sued you for breach of contract and demanded payment
Most CCTV and alarm installation technicians decide to get general liability and professional liability. It’s because having general liability and professional liability insurance offers the best protection against third-party claims.
If you’re a CCTV and alarm technician working independently, cover the vehicle you’re using for work with commercial auto insurance. Using commercial auto insurance is better than personal auto insurance. For one, rates are cheaper. Also, protection is more comprehensive.
The first protection commercial auto insurance offers is auto liability coverage. While going to work or heading home after work, you might cause an accident and injure third parties or damage property, auto liability insurance covers such a situation and ensures you don’t use personal money to shoulder claims. Particularly, commercial auto insurance will pay for defense costs and settlements.
The second protection is called physical damage coverage. Physical damage coverage in commercial auto insurance can be categorized into two types - collision and comprehensive. Collision physical damage coverage covers parts repair or replacement if the following happens:
You were driving on the road. Visibility is very poor and you rammed another vehicle by accident
You were driving on the road. Visibility is very poor and you rammed a post, a fire hydrant, or any other stationary object
Note that collision coverage may or may provide coverage if you drive under influence and cause an accident. Only the insurance company knows whether or not DUI incidents are covered by its collision coverage.
Comprehensive physical damage covers incidents excluded in collision insurance. In a nutshell, it covers parts repair or replacement if your car got damaged because of fire, extreme weather, theft, vandalism, and other named perils
Now let’s say you’re running a CCTV and alarm installation business having multiple cars. Will insuring each vehicle using separate commercial auto policies be the best course of action? The answer is no. If you want to insure multiple vehicles. Consider getting commercial fleet insurance.
Commercial fleet insurance’s function is the same as commercial auto insurance. The only thing that makes it different is that you can insure 2 or more vehicles under one roof. Note that commercial fleet insurance is more cost-efficient than buying multiple commercial auto insurance policies to cover different vehicles.
Tool theft is so common in alarm and CCTV technicians and businesses, so insurance cover for tools is usually necessary. This is especially important when you have invested in expensive equipment such as probes, drills and screwdrivers, electric saws, and toolboxes.
Tools and equipment coverage will also cover you in case your tools are lost or damaged in events such as fire, flooding, etc.
If you are holding stock of alarm and CCTV system equipment, you will need insurance for alarm installers that covers your stock as well or take out a separate policy for it.
Tools and equipment insurance only provides coverage if your work tools and equipment got damaged on site or off site. If CCTV and alarm installation tools and equipment got damaged or lost during travel, tools and equipment coverage can’t help.
And so consider getting equipment in transit insurance. This coverage covers costs if work tools and equipment got damaged or lost because you got involved in a vehicular accident.
If you’re running a CCTV and alarm installation business, there’s no way that you don’t own a commercial building. Your commercial building can get damaged because of theft or vandalism. Fire and extreme weather might also completely destroy it. A damaged or destroyed commercial building is a major loss. And so, consider getting commercial property insurance.
In the event that your commercial building got destroyed because of fire or extreme weather, commercial property insurance will pay for reconstruction. If the building only got damaged, then the policy will pay for repairs. In other words, commercial property insurance sees to it that you don’t use personal or company funds for repair and reconstruction.
Inside the commercial building are important materials and equipment. You also need to cover these. The policy that provides coverage is business equipment, and stocks and contents insurance. Business equipment insurance reimburses losses if work tools and equipment inside the commercial building were damaged or lost. On the other hand, stocks and contents insurance will cover the items you’re selling to customers - specifically alarms, CCTV cameras, and other related accessories.
If you’re working as a CCTV and alarm installation technician with no employer, then consider getting loss of income coverage. Loss of income coverage provides an allowance if you get injured and can’t work for a while. The amount you’ll receive is equal to 60% of your average weekly income.
What happens when a person working for you gets injured on the job and can't work for several weeks or months? Workers' comp insurance steps in to cover costs.
It’s easy to understand how workers compensation insurance works . Workers compensation provides money so that you can get an injured employee treated and hospitalized. Furthermore, if the employee needs a break to recuperate, workers compensation provides a weekly allowance to replace some of the income lost. But there’s more. In case the employee dies, workers comp provides death benefits to the deceased’s wife and children.
States require businesses to get workers compensation insurance, except Texas. Depending on your location, you’ll need to purchase the coverage the moment you have one or more employees.
What do you do if no carrier is willing to sell their workers comp insurance to you? If this is the case, contact the workers comp office of the location where your business is and ask if you can qualify for a self-insurance program.
Know that, if injured, individuals working for you can file a personal injury lawsuit. Personal injury lawsuits filed by employees fall outside of the scope of general liability insurance, and the coverage that solves this problem instead is employer’s liability insurance.
Employer’s liability insurance kicks in if a workplace injury happens and a claim is filed on the notion that you’re negligent or failed to provide safe working conditions. Similar to general liability and professional liability, employer’s liability insurance provides money you can use to pay for defense costs and settlements.
We just want you to know that there’s no need to get employer’s liability insurance if you already have workers compensation insurance. This is because most workers comp laws in the US prohibit an employee from suing an employer that provides workers comp coverage for work-related injuries.
Discrimination, wrongful termination, and sexual harassment are other reasons why people working for you might file a claim. Employer’s liability insurance doesn’t cover these perils.
Employment practices liability insurance covers the exclusions in employer’s liability insurance. You can use this policy to cover defense costs and settlements if a person working for you files a sexual harassment claim, discrimination claim, or wrongful termination claim.
Some insurance companies offer commercial property insurance and general liability insurance in a bundle called Business Owner's Policy (BOP) .
If you don’t want to talk with an agent, consider getting a business owner’s policy because it already offers two of the most useful policies for your business.
Furthermore, a business owner’s policy can be customized. You can decide to endorse one policy to it. For example, CoverWallet’s business owner’s policy can be endorsed with professional liability insurance or commercial auto insurance.
As an independent contractor, you have to show proof of surety bond coverage, making you a "bonded " business. A handyman's surety bond is a contractual agreement guaranteeing that you will fulfill your duties and will not be dishonest or steal from your client.
Employee theft is common among contractors. If your employee steals jewelry, electronics, or other valuables, your fidelity bond underwriter will reimburse the client for those items up to a certain limit.
Your alarm installers insurance or bond also covers the client if, for any reason, you are unable to fulfill your duties satisfactorily.
Costs that affect the price of alarm and CCTV installer insurance are policy limits, the policies included, location, business history, claims history, and more. But note that the average cost of $1 million general liability insurance for alarm and CCTV installers is $30.41 a month or $365 a year.
One of the easiest ways to determine how much you’ll pay is to look at the average pricing of policies included in CCTV and alarm installer insurance. The table below shows the estimated premiums of some of the policies included:
| ||Cost per Month||Cost per Year||Minimum Deductible|
| Commercial Property ||$70.25||$843||$500|
|Tools & Equipment||$25||$300||$500|
Additionally, here’s another table that shows the pricing and the selling points of the recommended companies for alarm and CCTV installer insurance:
| ||Cost per Month||Cost per Year||Best for|
|CoverWallet||$30.66||$367.92||Alarm and CCTV installer insurance quotes comparison online|
|Thimble||$47||$564||On-demand alarm installer insurance|
Insurance can be complex. CCTV & alarm installer insurance policies and costs are often fluid and subject to policy audits at any time.
Most policy limits are sufficient to cover damage or injury that you may cause or suffer in the course of your work, but you need to look out for high premiums. We recommend filing for coverage as a corporation or an LLC, which protects your personal assets and lowers premiums.
Get all the best quotes from leading providers in a click of a button!
Your best bet to find alarm and CCTV insurance is to shop around and look at the offers of different companies. Start your research by reading our review of the best insurance companies for alarm and CCTV installer insurance. Know their pros, cons, and monthly pricing for a $1 million general liability coverage.
Has an online quotes comparison platform where you can get the offers of different companies and compare pricing
Helps you make a smart and informed buying decision
Manage policies, get a certificate of insurance, and get insured online
Cancel a policy anytime
Customer support online or by the phone
A partner of top insurance companies such as Progressive, Hiscox, and Liberty Mutual
Not an insurance company but a broker selling the CCTV and alarm installer insurance of its partners
CoverWallet doesn’t have a tailored insurance product for CCTV and alarm installers. Instead, it offers security systems services insurance which can cover alarm installers, CCTV installers, digital lock installers, and so on.
You have four options to choose from. First, you can decide to be covered with general liability insurance only. This is by far the cheapest option. Second, you can get general liability with commercial property insurance. Third, if you want the most comprehensive protection, the company allows you to bundle commercial property and general liability in a BOP so that you’re qualified to get workers compensation insurance. If the most comprehensive coverage isn’t enough, CoverWallet allows you to get a custom plan where you’re free to choose how many policies to include.
Work with CoverWallet because it offers a lot of perks. Upon getting insured, you can pay premiums, get a certificate of insurance, and manage policies online. Furthermore, you’ll have access to customer support that’s available online or by phone. CoverWallet even allows you to cancel your coverage anytime.
Best for: Alarm and CCTV installer insurance quotes comparison online
Average cost: $30.66 per month
Our rating: 10/10
Get insured online and get proof of insurance online
Short-term CCTV and alarm installer insurance
Cheap rates on its short-term insurance
Customer service and claims filing are not available by the phone
Thimble offers alarm installer insurance that primarily includes general liability coverage which can be availed as a long-term policy or as a short-term policy by the hour, day, week, or month. But if the customer wants more protection, the company allows the endorsement of commercial property insurance and business interruption insurance.
Just like CoverWallet, Thimble allows you to get insured and get proof of insurance online. Nonetheless, the best thing about the company is that its short-term insurance might be the cheapest in the United States.
Best for: On-demand alarm installer insurance
Average cost: $47 per month
Our rating: 9/10
We bring you a convenient marketplace where you can discover and compare different insurance products from various providers. Click the “Get Quotes” button and use our online quotes generator to look at the offers of different companies, including the ones we reviewed here. By comparing quotes, you’ll know what makes a particular company better or worse than the other. Ultimately, this will help you find the best coverage that fits your needs.
Lonnie Bell Insuranker
Policy Type: Business Insurance
Company name: Employers Insurance
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!