SURETY INSURANCE FOR SECURITY COMPANIES

Sureties for start-up activities of security companies will answer to the obligations, penalties and other expenses that may arise for the insured party as regards the payments of fines charged in accordance with Private security regulation and which are required by the Home Office, the General Police Department and the General Commission for Citizen Safety.

The policy holder may be an individual or legal person that works in the vigilance and security services and if the requirement of this policy is not complied with, there may be fines imposed or activity may be stopped. The amount of these sureties is established in the private security regulations and depends on the area of activity in question.