When may the BSIS request a PPO to verify liability insurance coverage?

When may the BSIS request a PPO to verify liability insurance coverage?

• A. Only during scheduled audits
• B. After a complaint is filed
• C. Anytime, without delay
• D. Only when renewing a license

Answer: (C)

The correct answer indicates that the Bureau of Security and Investigative Services (BSIS) can request a Proof of Professional Liability Insurance (PPO) to verify coverage anytime, without delay. This allows the BSIS to ensure that security providers maintain the necessary insurance coverage as required by law, which protects both consumers and the industry. Having the ability to request verification at any time helps the BSIS monitor compliance effectively. It ensures that security companies remain accountable for their liability coverage beyond just specific events, such as audits or complaints. This proactive approach also helps to mitigate risks associated with security services by making sure that all licensed security entities are continuously insured, thereby fostering a safer environment for both the public and the businesses operating within the private security sector.

The correct answer indicates that the Bureau of Security and Investigative Services (BSIS) can request a Proof of Professional Liability Insurance (PPO) to verify coverage anytime, without delay. This allows the BSIS to ensure that security providers maintain the necessary insurance coverage as required by law, which protects both consumers and the industry.

Having the ability to request verification at any time helps the BSIS monitor compliance effectively. It ensures that security companies remain accountable for their liability coverage beyond just specific events, such as audits or complaints. This proactive approach also helps to mitigate risks associated with security services by making sure that all licensed security entities are continuously insured, thereby fostering a safer environment for both the public and the businesses operating within the private security sector.