Amendment to the Tariff and Instruction on Private Security Financial Liability Insurance
With the Tariff and Instruction on the Amendment to the Tariff and Instruction on Private Security Financial Liability Insurance published by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) on 8 October 2025, the coverage limits under the private security financial liability insurance policies that needs to be held by private legal entities and private security companies have been amended as follows:
| Number of employed private security personnel | Monetary damage per incident (TRY) | Medical Expenses per Incident and Disability or Death per Incident (in TRY for each) | Annual Total (TRY) | |||
| Former amount | New amount | Former amount | New amount | Former amount | New amount | |
| Up to 50 | 240,000 | 720,000 | 600,000 | 1,800,000 | 4,320,000 | 12,960,000 |
| 51-100 | 300,000 | 900,000 | 720,000 | 2,160,000 | 5,220,000 | 15,660,000 |
| 101-250 | 360,000 | 1,080,000 | 840,000 | 2,520,000 | 6,120,000 | 18,360,000 |
| 251-500 | 420,000 | 1,260,000 | 960,000 | 2,880,000 | 7,020,000 | 21,060,000 |
| 501-100 | 480,000 | 1,440,000 | 1,080,000 | 3,240,000 | 7,920,000 | 23,760,000 |
| More than 1,000 | 540,000 | 1,620,000 | 1,200,000 | 3,600,000 | 8,820,000 | 26,460,000 |
If the private security service is provided at venues where meetings, concerts, stage performances, sports competitions, races and similar events are held or airports open to domestic and international traffic or ports with an annual capacity exceeding 2 million tons or mass transportation facilities such as train stations, bus terminals, and depots located in provincial centers with metropolitan municipalities, or shopping malls, then, the minimum insurance coverage to be obtained shall not be less than the coverage amounts corresponding to the last row of the table provided above.
The statement that insurance premiums shall be determined by insurance companies has been retained.
Private security companies and private legal entities that already hold insurance policies issued on the basis of the former coverage limits, and whose policies remain in force at the time of the change, are required to apply to their insurers to obtain an endorsement (addendum) reflecting the new coverage limits within 15 days from the effective date of the amendment. In the event that the update is not made within this period, the insurer’s liability shall remain limited to the former coverage amounts.
