SWG Secure: Alarm Installers

Mar 2022

SWG Secure: Alarm Installers

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