What Are the Costs of Security Guard Services for Your Business?

As a business owner, ensuring the safety of your employees, customers, and assets is a top priority. One of the most effective ways to provide security is by hiring security guard services. However, many business owners are unsure about the costs involved and how these expenses fit into their overall budget. In this blog post, we’ll explore the various factors that influence the cost of security guard services, so you can make an informed decision for your business.

Understanding Security Guard Services

Before delving into the costs, it’s essential to understand what security guard services typically include. These services range from providing on-site security personnel to offering mobile patrols, event security, and even specialized security systems integration. The main role of a security guard is to protect the property and people associated with a business by preventing unauthorized access, deterring criminal activities, and responding to emergencies.

Factors Influencing the Cost of Security Guard Services

Several factors can impact the price of security guard services. These factors are often interconnected, meaning that the more comprehensive the service, the higher the cost. Let’s break down the key considerations:

1. Type of Security Guard Service

The type of service you need is a primary determinant of the cost. For instance, a standard unarmed security guard will generally cost less than an armed guard. Unarmed guards are often sufficient for many businesses, including retail stores, offices, and warehouses. On the other hand, businesses that require a higher level of security, such as financial institutions or high-risk areas, may opt for armed security personnel, which typically come with higher rates due to the additional training and responsibility involved.

2. Hours of Coverage

The number of hours your security guard services are required will directly influence the cost. If you need a security guard to work full-time or around the clock, this will be more expensive than hiring a guard for just a few hours during the day. Many businesses need security during specific hours, such as nights or weekends, when the risk of break-ins or other criminal activities is higher. For 24/7 coverage, security guard companies may charge on a per-hour basis, often with higher rates for overnight shifts or weekends.

3. Location

The location of your business also plays a crucial role in the cost of security guard services. If your business is located in a high-crime area, you may need more security measures in place, which can increase the cost. Additionally, the cost of living in your area will impact the hourly rates of security guards. For example, hiring security personnel in major metropolitan cities may be more expensive than in rural or suburban areas due to the higher demand and living costs.

4. Level of Experience and Training

The experience and training of the security guards you hire will also affect the price. Guards with specialized skills, such as those trained in handling emergencies, conflict resolution, or advanced technology, will typically cost more than those who provide basic security services. Experienced security guards bring additional value to your business by offering a higher level of professionalism and expertise.

5. Duration of Contract

Another factor that affects the cost of security guard services is the length of the contract. Many security companies offer discounts for long-term contracts, so if you commit to a longer service period, you may pay less per month or hour. However, shorter contracts or ad-hoc services might be priced higher. Always consider how long you need security before committing to a contract, and be sure to compare pricing options.

6. Additional Services

In some cases, security companies offer additional services that can drive up the cost of hiring guards. These might include installing and monitoring security systems (such as cameras and alarm systems), providing mobile patrols, or offering specialized security services for events or high-profile individuals. While these services can increase security, they will also add to the overall cost.

Estimated Costs of Security Guard Services

While the specific cost of security guard services will vary depending on the factors mentioned above, it’s helpful to have an idea of what to expect. Here are some general price ranges:

• Unarmed security guards: Typically, the cost of unarmed security guards ranges from $15 to $30 per hour, depending on factors like location, training, and hours of coverage. For a 40-hour workweek, this could amount to $600 to $1,200 per week.
  
  

• Armed security guards: Armed guards are more expensive due to the additional training and liability. Prices usually range from $25 to $50 per hour, which can add up to $1,000 to $2,000 per week for full-time coverage.
  
  

• Mobile patrols: Mobile patrol services typically cost between $25 to $40 per hour, depending on the scope of the service and the area being patrolled.
  
  

• Event security: If you need security for a special event, prices can range from $20 to $50 per hour per guard, depending on the size and type of event.
  
  

Is the Cost Worth It?

While security guard services can seem like a significant expense, the peace of mind they offer is invaluable. The protection of your assets, employees, and customers can prevent costly security breaches, theft, or damage. In addition to preventing crime, security guards often help improve the overall atmosphere of a business, providing customers with a sense of safety and confidence.

Moreover, investing in quality security services can reduce the likelihood of costly insurance claims or legal fees resulting from incidents on your property. Many businesses find that the cost of hiring security guards is a worthwhile investment that helps them avoid losses in the long run.

Conclusion

In conclusion, the cost of security guard services varies depending on factors such as the type of service, the level of coverage, the location, and the experience of the guards. While hiring security can be an added expense, the benefits it provides in terms of protection, peace of mind, and potential cost savings in the long term make it a smart investment for many businesses. Be sure to evaluate your security needs carefully, compare pricing options, and choose a reputable security service provider to ensure that you’re getting the best value for your money.

Intraguard is one of the leading private security companies, offering a wide range of services including manned guarding, patrolling, CCTV surveillance, reception management, and guard dog patrols across the UK.