SWG Secure: Alarm Installers

March 9, 2022

There are many reasons to install an alarm system in a home or business. Installing alarm systems is a security measure and a way to reduce insurance premiums.

There will always be a high demand for security systems, but that doesn't mean needs will never fluctuate within the industry. For the past six years, residential and commercial security demand has shown a sensitivity to economic activity. Due to the increase in employment and disposable income per capita during most of the five-year period, cancellation rates for security services decreased and industry revenue improved, as more residential customers purchased security services.

Alarm Installers in Canada

Among the functions of Security Alarm Services in Canada are the monitoring, installation, and maintenance of equipment related to alarms, fires, and surveillance.

Security Alarm Services in Canada sell, install, monitor, and repair burglar and fire alarms, lock devices, and access control systems. Many operators also provide locksmith services. As of 2020, the security industry in Canada employed 25,786 people and generated $3 billion. (1)

Burglary prevention/detection, fire and leak notifications, and access control are all part of the security process. Development varies greatly based on factors specific to a particular country, such as burglary rates. One of the main factors driving its growth is the replacement of traditional devices with connected ones. These include smart locks and smart security cameras.

Diverse industries dominate this market as well. Because of the volume of information transfer, traditional security companies (e.g. ADT) and tech companies (e.g. Canary or Alarm.com) have a critical role to play, as well as major networks and communication providers (e.g. AT&T or Comcast).

Innovation Expected to Fuel Industry Growth

Security revenues are projected to grow at a CAGR of 10.01% by 2025, resulting in a market volume of C$634m and 2.9 million active households within the segment. (2)

In the next few years, smart home security will be driven by residential construction and disposable income.

In Smart Home Security, devices and services are used to control and manage access to buildings and high-value premises. This may include surveillance cameras and related tools such as data storage and transmission, motion sensors, programmable and remote door locks, and risk monitoring equipment (connected smoke detectors and humidity sensors).

High homeownership rates and long-term population growth are expected to drive residential construction and, in turn, security alarm installation. In addition, as unemployment rates decline and disposable income per capita increases, home improvement and renovation activities should increase.


SWG SECURE Security Services Insurance provides coverage not normally offered by traditional insurers. Businesses that provide security guard services, private investigators, alarm systems, and locksmiths as well as others requiring entry to private living quarters, need a unique type of protection.

Our program takes into account all factors relevant to your client’s situation, helping to avoid unpleasant surprises down the road. You can trust us to evaluate the complete risk picture, offering coverage for all potential exposures, including failure to perform, design errors and omissions, bodily injury, advertising liability, legal expenses, property damage, and a host of other circumstances.

You may have turned down this type of high-risk client in the past, but with South Western Group’s support, you can provide a wide range of coverage options at fair and competitive prices.

Coverage Highlights

Commercial General Liability (Occurrence Form):

Failure to Perform

No General Aggregate Limit

Contractors Errors & Omissions

Bodily Injury and Property Damage – Broad Form

Personal Injury

Intentional Injury in Defense of Personal Property

Products & Completed Operations

Care, Custody and Control

Legal Expense & Defense Cost Reimbursement – $25,000 Each Occurrence; $25,000 Annual Aggregate

Advertising Liability

Non-Owned Auto (including physical damage)

Incidental Malpractice

Contingent Employers Liability

Fire Extinguishing Agent Release

Employee Benefits Liability – Claims Made – $1,000,000 Limit

Employees as Additional Insureds

Tenants Legal Liability – $250,000 Sub-Limit

Lost Key Cover – $50,000 Sub-limit

Product Recall Extension – $25,000

Medical Payments – $25,000 each person; $25,000 each accident

Limited Pollution Liability Extension $1,000,000 Each Occurrence & Aggregate

Blanket Additional Insured’s Clause

Owners and Contractors Protective coverage

Other coverages available:

Property Insurance

Business Interruption - Profits/Gross Earnings/Extra Expense

Crime Coverage – Employee Dishonesty – Form A

Fidelity – third party feature

Employers Liability

Mechanical Breakdown

Errors and Omissions – Claims Made - $250,000 Limit Each Occurrence; $250,000 Annual Aggregate (higher limits available)

We cover:

Alarm and Security Installers, Manufacturers and Distributors

Home Automation, Card Access and Camera Installations

Monitoring Stations

Portable and Fixed Fire Suppression Systems (excluding sprinkler)

Private Investigators

Security Guards

Concierge Services

For more information, visit our product page: https://swgins.com/product/swgsecure.html

Content is current as of the date of broadcast and is subject to change without notice.


1. https://www.ibisworld.com/canada/market-size/security-alarm-services/

2. https://www.statista.com/outlook/dmo/smart-home/security/canada