Private security and surveillance companies in the Canary Islands need to have the best insurance protection against third-party claims. Canarisk designs the widest Civil Liability coverage for companies in the private security sector in the Canary Islands.
What is liability insurance?
Civil Liability insurance protects the company against claims for damages to third parties. The coverage of Civil Liability insurance is adapted to the needs and risks to which each company is exposed.
Is Civil Liability insurance mandatory for private security companies in the Canary Islands?
Law 5/2014 of April 4, establishes the obligation of Civil Liability insurance for private security companies, to provide coverage for damage caused to people or property during the operation of the activity.
What capital must be contracted in the Civil Responsibility insurance of security companies?
The amount may vary depending on the activity of the company. However, according to the private security collective agreement for 2022, a minimum capital of €154.490,25 must be contracted.
How much does civil liability insurance cost for private security companies in the Canary Islands?
The civil liability insurance premium for private security and surveillance companies in the Canary Islands depends on many factors such as billing, number of employees, services offered by the company... Contact our insurance brokers in Tenerife and Las Palmas, and they will advise you to get the best civil liability insurance for your company, at the best price in the Canary Islands.
What other insurance does a private security company in the Canary Islands need?
In addition to Civil Liability insurance, which is compulsory, companies dedicated to the security and private surveillance sector need to take out liability insurance. Convention Accidents for your workers, Company Insurance for alarm center, warehouses or facilities in general, and surety insurance. Our insurance brokers in the Canary Islands They have experience in the sector and can advise you on the insurance you need to carry out the activity in the Canary Islands.
What is surety insurance for security companies?
Security companies are required to present a guarantee to start the activity. This guarantee can be in the form of surety insurance. The main advantage of surety insurance is that it does not appear in CIRBE, which is essential if the company needs to apply for a loan. Contact with our insurance brokerage in the Canary Islands to receive more information and advice on surety insurance for private security companies in Tenerife and Las Palmas.
