Insurance can be a substitute for a security program.

Insurance is not a substitute for a security program. It only compensates for loss after it occurs and does not prevent incidents. A comprehensive security program includes preventive measures such as access control, surveillance, personnel training, and emergency planning, which work in tandem with insurance as part of a broader risk management strategy.

References from PSP: ASIS POA – Insurance vs. Security Controls; PSP Study Guide – Prevention vs. Compensation