What are the true liability insurance limits for a business allowing one person to carry a firearm?

The correct answer identifies the liability insurance limits that a business must adhere to when allowing an individual to carry a firearm. Under the regulations associated with the California Private Security Services Act, the requirement is for businesses to maintain a minimum of one million dollars in liability insurance coverage. This requirement aims to ensure that there are sufficient funds available to address potential claims arising from incidents involving armed security personnel, thus providing a safety net for both the business and the public.

This policy helps manage the risks associated with the use of firearms in a professional setting. By mandating a one million dollar limit, the law sets a standard to protect against significant financial burdens that could arise from liability claims. The emphasis on a total coverage amount rather than a per occurrence or per injury limit streamlines the insurance requirement, ensuring that businesses understand their responsibilities in a clear and manageable way.

Understanding these insurance limits is crucial for anyone operating within the context of private security services, particularly when firearms are involved, as it directly impacts their operational procedures, risk management strategies, and legal compliance.