What is the minimum coverage required for bodily injury and property damage per occurrence?

The minimum coverage required for bodily injury and property damage per occurrence is indeed set at $100,000. This is established to ensure that individuals or businesses have adequate financial protection against potential claims resulting from accidents or incidents that may cause bodily injury or damage to property.

This amount is considered a baseline to manage risks and liabilities effectively, contributing to the overall responsibility of a qualified manager in the security industry. It reflects a balance between the need for sufficient coverage to protect against serious incidents while also remaining attainable for licensed entities to obtain without incurring excessive costs.

Engaging in security services often puts individuals in situations where they could be held liable for injuries or damages, and having this minimum coverage helps to navigate the legal ramifications and to safeguard against significant financial losses that could arise from such liabilities. Understanding the importance of this coverage is critical for qualified managers in ensuring compliance with state regulations and protecting their operations effectively.