OAR 259-059-0120: General Liability Insurance

(1) Private security entities must be covered by a general liability insurance policy that includes public liability, personal injury, and property damage insurance covering all aspects of the private security services being provided. (2) The general liability insurance policy must name the private security entity as the primary insured with minimum liability limits of $1,000,000 per occurrence and $2,000,000 in the aggregate. (3) The proof of the existence of adequate insurance required for the application for licensure must include the name of the private security entity , the insured amounts, the policy number, the policy expiration date, and the name, business address, and phone number of the insurance company. (4) Private security entities must maintain general liability insurance at all times. (5) If the general liability insurance is cancelled or the private security entity changes insurance companies, the private security entity must: (a) N otify the Department in writing within 10 business days of the cancellation or change; and (b) Submit proof of insurance to the Department within 10 business days of the effective date of the new policy. (6) If the private security entity is a public body as defined in ORS 30.260, upon approval by the Department, the private security entity may meet its obligation to maintain general liability insurance through: (a) The purchase of insurance as described in this rule; (b) The use of self-insurance or assessments paid under ORS 30.282 that is substantially similar to the types and amounts of insurance coverage described in this rule; or (c) A combination of any or all of the foregoing.