Attorneys, insurance companies, businesses, and private citizens often rely on private investigators for information-gathering and security purposes. Examples of the many duties of a PI include conducting background checks, doing skip traces (locating debt defaulters), finding missing persons, and investigating marriage infidelity. Some private investigators provide security at locations such as hotels and retail stores, as well as for prominent individuals.
Due to the nature of their work, private investigators face more exposure to liability than workers in many other occupations. If an “injured” party wins a lawsuit filed against a PI, it could have significant career consequences, not to mention the potential loss of financial and personal assets. Carrying a sufficient amount of liability insurance coverage is essential for mitigating this risk — and having peace of mind.
Private investigators often find that obtaining liability insurance is a challenging task — many providers aren’t willing to take on the risk. Other PIs experience the cancellation or non-renewal of their policies after a claim, causing them to scramble to find new coverage.
XINSURANCE is your source for a customized insurance plan that meets your unique needs. Most private investigators require general liability insurance that covers bodily injury or property damage to others stemming from their investigative work. A GL plan provides compensation to third parties up to the limits of your policy if they sue you and receive a settlement or judgment. It also covers the expenses associated with your legal defense, such as court costs and attorney fees.
Specialized coverages that apply to the private investigation profession are also available:
XINSURANCE will cover a wide variety of activities and risks inherent to working as a PI. However, we do not provide workers’ compensation insurance.
Here are a few scenarios where PI insurance may be necessary:
Whether you’re looking to find new insurance, replace a canceled policy, or cover gaps or exclusions in your current plan, XINSURANCE can offer a solution. We focus on providing liability insurance solutions for the most difficult risks. Our full range of coverage options includes liability insurance for private investigators that gives you the comprehensive protection you require. Get coverage of up to $10 million, or up to $20 million via our network of reinsurance partners.
At XINSURANCE, we do more than provide comprehensive liability insurance solutions for challenging risks. Our all-in-one policy structure ensures you have coverage for every exposure you face, offering you true peace of mind so you can perform your job with confidence.
As your trusted private investigator insurance partner, we’ll be there to deliver superior service every step of the way. Our suite of in-house services includes flexible underwriting to help you acquire the coverage you need, as well as reliable risk management guidance. With our expert, around-the-clock claims service, you can be sure we’ll process your claim expeditiously and professionally.
Our streamlined process saves time and eliminates hassles when applying for insurance. Start by filling out and submitting our online application form. Our underwriting team will review your app and contact you to schedule a convenient phone conversation to discuss your risk in further detail. We’ll then issue a no-obligation quote for your consideration.
Take the next step to getting the liability insurance that will protect your assets and give you peace of mind. Contact us to get a free PI insurance quote today. We’ll also be happy to review your current policy to identify gaps or exclusions that could increase your exposure.
With XINSURANCE, you can purchase customized liability insurance coverage that will protect you in all the areas that your homeowners, employers, and business insurance policies won’t or can’t. Our underwriting team brings you over 40 years of experience, along with the ability to offer customized limits, coverage, deductibles, and premiums to create the perfect plan for your personal protection.
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