Operating a Security Guard Business in Texas: Understanding PSB-05 Requirements
Request a QuoteWhat is the PSB-05?
The PSB-05 is an essential certificate of liability insurance mandated by the Texas Private Security Bureau (PSB) for private security companies. This document ensures your business has adequate general liability insurance to cover potential claims that may arise during operations. Licensed businesses must meet minimum coverage limits as part of their compliance and licensing process.
Who Needs the PSB-05?
If your business operates under the Texas Private Security Act, compliance with PSB-05 requirements is mandatory. Here are the types of businesses affected:
Minimum Insurance Requirements
To comply with PSB-05 standards, your general liability insurance policy must meet the following minimum limits:
- $100,000 per occurrence for bodily injury or property damage
- $200,000 aggregate for all bodily injury and property damage claims
- $100,000 aggregate for personal injury or advertising injury claims
These minimums are designed to protect your business from costly liability claims and ensure financial readiness.
Why is the PSB-05 Important?
Adhering to PSB-05 requirements is crucial for your business’s operational success and legal compliance. Key reasons include:
- Compliance: Operating or renewing a license without the PSB-05 form is illegal in Texas.
- Client Trust: Proper insurance assures clients of your professionalism and reliability.
- Risk Mitigation: General liability coverage protects against lawsuits involving property damage, bodily injury, or advertising injury.
How Security Guard Insurance Specialists - Houston Texas Can Help
We understand the unique challenges faced by security businesses in Texas. Security Guard Insurance Specialists - Houston Texas provides specialized insurance solutions that simplify compliance with PSB-05 requirements, offering:
Why Choose Security Guard Insurance Specialists - Houston Texas?
With extensive experience supporting security businesses across Texas, our team provides unmatched expertise and customer service. Whether you’re a small firm or a growing company, we focus on safeguarding your business and ensuring operational success.
Let us help you navigate compliance complexities and find the best insurance solutions for your needs.
Get Covered Today
Don’t let compliance challenges hinder your growth. Contact Security Guard Insurance Specialists - Houston Texas at 713-388-6681 or visit our website at www.twfgcommercial.com to explore affordable and effective insurance options for your security guard business.
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