We provide deep expertise, attentive service and tailored business insurance solutions to help manage exposures and minimize loss across a wide array of industries.
Our wide range of business insurance products and solutions are specialized to meet the insurance and risk management needs of any business around the world.
With an average of more than 20 years of experience, CNA Risk Control professionals drive a program of systematic, sustainable risk control solutions designed to increase productivity and help protect your bottom line.
We provide deep expertise, attentive service and tailored business insurance solutions to help manage exposures and minimize loss across a wide array of industries.
Our wide range of business insurance products and solutions are specialized to meet the insurance and risk management needs of any business around the world.
With an average of more than 20 years of experience, CNA Risk Control professionals drive a program of systematic, sustainable risk control solutions designed to increase productivity and help protect your bottom line.
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Armed Guards: Weigh the Benefits Against Liability Risks & Costs
Every bank is at risk of a robbery and must determine how to address this significant and ongoing threat. In light of the risks and costs, the decision to employ armed vs. unarmed guards should not be made lightly.
Armed guards may amplify the deterrent effect, potentially convincing criminals to leave the premises in search of an easier target. However, the presence of a firearm also may escalate a situation. Studies show that the likelihood of a violent event occurring during a bank robbery triples when an armed guard is present.1 This added risk of violence is a threat not only to the bank’s employees and customers, but also to its finances, as the bank may be held liable if anyone is injured or killed. In addition, armed guards are typically more expensive, as they require a higher level of training and may result in increased insurance costs for the bank.
cnacontent/SA-CNAcom/SA-AboutCNA/SA-CNAInTheNews/SA-NewsArchive/SA-NewsReleases/Armed_Guards_Weigh_the_Benefits_Against_Liability_Risks_CostsArmed Guards Weigh the Benefits Against Liability Risks Costs