What is the minimum amount of general liability insurance that a licensed security agency must carry?

The minimum amount of general liability insurance that a licensed security agency must carry is $2,000,000. This requirement serves to ensure that security agencies have adequate financial protection against claims arising from incidents such as property damage or personal injury caused by their operations. General liability insurance is crucial in the security industry, where interactions with the public and potential for liability are common. By mandating this level of coverage, the regulations help maintain a standard of professionalism and accountability within the industry.

A higher insurance requirement not only protects the agency itself but also provides peace of mind to clients and the public, knowing that there are sufficient resources to cover any claims that might arise. This reinforces the importance of risk management and operational integrity for licensed security agencies.