What to Consider When Planning Your Security Budget

Mar 14, 2019

Business Security Budget

If your business had a new year’s resolution, would security planning be on it? Now that we’re well into the new year, it might be time to think about budgeting for a more encompassing security strategy. It’s easy to get overwhelmed by the many business security options so, to make the most of your 2019 budget, we’re breaking it down in its simplest form for you!

What Type of Security Does Your Business Actually Need?

Too many choices and the appearance of complication can lead to inaction. We get it. Further, if you land on a company that’s just selling products rather than expertise, it can be even more stressful. What a larger, multi-office business needs is going to significantly differ from what a smaller mom and pop shop needs to protect their respective businesses. When shopping for a security provider, take notice of companies that oversell and under-deliver.

What Does a Security System Entail?

First, let’s talk about what is meant by the term “security system.” One or more of the following services can make up a complete business security system:

Within each of these options are combinations that suit every business differently depending on size, layout, major concerns, etc.

PRO TIP: Only one item on the above list is required in most states. Scroll down for what to look out for when choosing a fire alarm provider.

Which Critical Areas of Your Business Need Protecting?

Next, you might answer the following questions:

  • Is limited access to your building(s) important?
  • How many buildings are you responsible for securing?
  • Are you concerned with monitoring your staff?
  • Do you have security concerns indoors, outdoors or both?
  • Do you require real-time security or something more passive?
  • Have you been burned by employees in the past?

Which begs another question...

Which Security Provider Should You Choose?

Intrusion or Burglar Alarms

While some companies will sell a cookie-cutter security system for your business, a reputable security company will visit the premises, ask the right questions and formulate a plan based on your specific needs. They will also work within your budgetary guidelines to create an affordable solution. Security is not just for big business!

Since time is even more valuable than money, you want to consider it in your budget. Be wary of the fly-by-night security providers that are out to make a quick buck. Hiring one could mean dealing with multiple vendors, timely customer service calls, added/individual fees or potentially being stood up altogether! Spend your time and money wisely.

A good, reputable alarm company will become a trusted partner. Some things to consider when choosing:

Fire Alarms

In addition to the above, you want to ensure your fire alarm provider includes fire inspections in their rates. This not only keeps it budget friendly but allows you freedom from remembering to schedule inspections. You also get to skip learning inspection code lingo when you leave it to the experts!

Access Control

Check out our full blog on hosted or managed access control (aka keyless entry) and keep in mind that you have choices here, too. Per Mar’s Managed Access Control (MAC) can be affordably used for a single door or multiple doors. It saves time when hiring and firing staff. It also takes staffing challenges into consideration as we can manage it remotely for you! These are just a few things to look for when hiring an access control provider.

Video Surveillance

Whether or not video surveillance is needed is a question that comes up a lot. It solves a lot of problems but it’s usually assumed that this particular add-on comes with a higher price tag. However, technology has come a long way and there are ways to offset the cost and work video surveillance into a modest budget. And, with the latest technology, more affordable analog cameras have caught up to the times! Before ruling it out, think about what your specific needs are and then have your chosen security professional talk to you about video surveillance options that are right for your business.

Security Officers & Pre-employment Screening

We’ve discussed the many forms of electronic security but two types of security that come in a different package are security officers and pre-employment screening. In some cases, physical manpower is a necessary form of security. It acts as a deterrent and security guards (temporary or full-time) can respond to your mobile security needs. Employee theft is a real concern for businesses of all types and we recommend budgeting for pre-employment screening if you are able.

Your security budget can be all-encompassing or staggered in stages. It can be beefed up or down depending on your needs and limitations. When working with professionals, you’ll get only what you need and avoid paying for things you don’t. You’ll also get peace of mind knowing your business - and the people in it - are safe without having to break the bank. Give a local, trusted security company the chance to prove the value of a customized security system and schedule your free security review with us!





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