Understanding PSB-05 Requirements for Security Guard Businesses in Texas

Operating a security guard business in Texas comes with unique challenges and responsibilities, particularly in adhering to state regulations. One critical requirement for private security companies is the PSB-05, a mandatory insurance form governed by the Texas Department of Public Safety’s Private Security Bureau (PSB).

If you’re running a security guard business in Texas, this article will guide you through the importance of PSB-05 compliance and how our agency can help you meet these requirements while securing affordable insurance coverage.

What is the PSB-05?

The PSB-05 is a certificate of liability insurance required by the Texas Private Security Bureau for all licensed private security companies. This form ensures that your business has adequate general liability insurance in place to protect against potential claims arising from your operations.

The PSB requires the PSB-05 form as part of your licensing and renewal process to verify that your coverage meets the minimum state-mandated limits.

Who Needs the PSB-05?

Any business licensed under the Texas Private Security Act must comply, including:

• Security guard services
• Alarm system installers
• Private investigators
• Security consulting companies
• Locksmiths

If your business offers services that fall under these categories, ensuring your insurance is compliant with PSB requirements is essential to maintain your license and protect your business.

Minimum Insurance Requirements

The PSB mandates that security guard businesses carry general liability insurance with 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 during the policy period
• $100,000 aggregate for personal injury or advertising injury claims

These limits ensure your business is financially prepared to handle potential liability claims while operating.

Why is the PSB-05 Important?

The PSB-05 form is not just a bureaucratic requirement—it is a critical element in safeguarding your business and clients.

1. Compliance: Without the PSB-05, your business cannot legally operate or renew its license in Texas.
2. Client Trust: Having proper insurance demonstrates your professionalism and commitment to protecting your clients’ interests.
3. Risk Mitigation: General liability coverage shields your business from costly lawsuits stemming from bodily injury, property damage, or personal injury claims.

How Our Agency Can Help

At TWFG Khan Insurance, we specialize in providing tailored insurance solutions for security guard businesses in Texas. We understand the unique risks and compliance challenges you face and can assist with:

• Comprehensive General Liability Coverage: Ensuring your policy meets or exceeds PSB requirements.
• PSB-05 Filing: We handle the submission of your PSB-05 form to the Private Security Bureau, so you can focus on your business.
• Affordable Premiums: Our partnerships with top carriers allow us to offer competitive rates for guard businesses of all sizes.
• Risk Management Services: Beyond compliance, we help you identify potential risks and implement strategies to minimize them.

Why Choose Us?

With years of experience insuring businesses in Texas, we know what it takes to protect and grow your security guard operation. Whether you’re a small startup or an established company, our team is here to provide the expertise and support you need.

Get Covered Today

Don’t let insurance compliance stand in the way of your business success. Call us today at 713-388-6681 or visit www.twfgcommercial.com to learn more about our insurance solutions for security guard businesses.

Let’s secure your business so you can focus on securing your clients.