How to Save Money on Your Security Strategy

Security Doesn’t Have to Be Expensive

If you’re like many business owners, you may be worried that investing in security is simply beyond your budget. Fortunately, that’s not the case! While there is definitely some flexibility in terms of how much you spend on your security plan, establishing a solid security strategy is affordable for virtually every business.

Prevent Costly Repairs and Replacements

Reducing the likelihood of a security incident can go a long way in terms of costs. Think about it this way: If you spend a monthly fee on security guard services, it could take, quite possibly, years to spend the same amount that you would replacing missing inventory and repairing vandalized property.

Just one major security breach could put you thousands of dollars in the hole. Thinking about your company’s protection services long-term is a must.

Bypass the Employee Payroll Fees

When you hire a third-party security firm, you’ll save money in certain areas. Consider the fact that you won’t be responsible for adding the security guard to your payroll. You won’t be paying their weekly salary, nor will you be responsible for fronting any employee benefits costs, uniform fees, or liability insurance.

Not only is going the third-party route a better choice monetarily, but you’ll also have more time to dedicate to your actual job, potentially leading to even higher financial rewards down the road.

Save Money on Training Programs

Consider how much money you spend on training your current employees during the year. Whether that’s a few weeks of initial investment while getting them up to speed in their position or just keeping them up to date on the latest department news, you likely spend more than you like.

Third-party security guards are trained by the security company. They arrive at your site fully trained and ready to patrol.

Utilize Security Cameras for Coverage

Do you want to save a little more? Consider investing in security cameras when you don't need a guard physically at your site. With so many options available on the market, you’ll be able to choose a model that’s ideal for your needs and your company’s budget.

Additionally, you can choose where to have these cameras installed, pinpointing your site’s most vulnerable locations.

Think Smarter, Not Harder

We’ve all heard this phrase, but how does it apply to security costs? A third-party security company is highly familiar with the field. It’s their job for a reason! Hiring security guards initially will likely prevent you from making expensive security errors.

For example, you may choose to invest in costly security doors, thinking this strategy will deter thieves. A local security company may know a stronger style that costs less.