What type of insurance must an armed PPO agency owner have?

An armed Private Patrol Operator (PPO) agency owner is required to carry liability insurance to ensure that there is financial protection in case of claims related to their operations. The requirement for $1 million in liability insurance with specific coverage limits is designed to ensure that the agency has sufficient coverage to handle potential lawsuits or damages that could arise from their services. This level of insurance reflects the higher risks associated with carrying firearms as part of their security operations. The specific coverage limits stipulated in this insurance policy typically include situations such as bodily injury, property damage, and other liabilities that could result from the actions of their armed personnel. Having this insurance is crucial for both compliance with legal requirements and for protecting the agency from potential financial losses related to its operations.