What Are the Costs of Hiring a Security Guard?

August 16, 2019

In This Article:

• Average Cost Associated With Hiring Security Services
• Cost Saving Strategies
• Security Services in Colorado Springs, CO

 

Security guards can provide a host of essential benefits for a business, such as theft prevention, crime deterrence, crowd control and employee and customer protection. Some companies may be reluctant to hire professional security guards because it generates an additional expense. Let’s explore the various costs of hiring security guards — as well as some hiring strategies that can lower your price — so that you can make whatever decision is in the best interest of your unique business.

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What Are the Average Costs Associated With Security Guards & Armed Bodyguards?

The average cost to hire a security guard is approximately $35-$50 per hour. However, depending on factors such as location, experience and risk level, you could pay anywhere from $10-$100 per hour. Here’s a breakdown of the various security guard costs:

• Armed vs. unarmed: You can expect to pay around $5 an hour more for an armed security guard as opposed to an unarmed security guard. Security companies that employ armed guards bear higher insurance costs. Armed guards must also undergo firearms training and meet state licensing requirements. You probably won’t need the services of an armed security guard unless you present a high-risk situation that requires high-level protection.
• Experience: If you have significant security concerns, you’ll probably want security guards with extensive experience in handling potentially dangerous situations. The best firms often enlist the services of retired or off-duty police officers or ex-military personnel with extensive security or Special Forces training. You can pay anywhere from $60-$100 per hour for these highly skilled professionals.
• Time of day: When you need your security guards will also influence price. It will likely cost more if you need guards during the evening or overnight instead of just during the daytime hours.
• Independent vs. private security firm: You can hire security guards who are self-employed or who are from a full-service security agency. The costs of a private security firm are likely to be higher, although these agencies typically implement strict hiring policies to ensure the quality and expertise of their guards. Whether you decide to hire a security guard that is from a firm or that is independent, you’ll need to verify that they have adequate liability insurance coverage, especially if you’re planning to use them at an event.

 

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Cost-Saving Strategies

The best way to keep your security costs under control is to avoid “over-hiring.” For example, if the security risk at your facility or event is low, you can save money by hiring unarmed security guards. You can also consider hiring an entry-level guard with minimal experience — the visible presence of a guard in uniform is usually enough of a deterrent in these situations.

Hiring a Security Service in Colorado Springs, CO

If hiring private security makes the most sense for your Colorado Springs, CO-area business or event, the professionals at Vigilant Tiger Security are ready to help. We’re a veteran-owned firm featuring a team of military-trained officers who deliver superior security services with empathy and dignity. We also provide affordable security solutions to fit your budget. Contact us for more information and a no-obligation quote today.

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