What is the required insurance amount for a PPO's business if they do not carry a firearm, but their guard does?

The required insurance amount for a Private Patrol Operator (PPO) that has a guard carrying a firearm is specifically set at $500,000 for any one loss due to bodily injury or death. This reflects a recognition of the increased liability associated with armed security. When guards carry firearms, the potential for serious injury or fatal incidents increases, necessitating higher insurance coverage to protect both the security company and the public.

This amount is established in order to ensure that there are sufficient resources available in case of any unfortunate incidents that may occur while providing security services. It is a crucial safeguard for the PPO to address potential claims arising from situations in which the use of a firearm might lead to injury or loss of human life.

While the other options might refer to different contexts or types of coverage, they do not meet the specific requirements outlined for a PPO with armed personnel. Hence, the amount of $500,000 provides the appropriate level of protection for the added risks involved in employing guards who carry firearms.