What to Consider When Planning Your Security Budget
August 14, 2024
When do you start planning your budget for the year? Whether your fiscal year starts in January, July, or another month, it’s essential to consider how security fits into your financial planning. It’s easy to get overwhelmed by the many business security options so, to make the most of your 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 complications 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 Security Entail?
First, let’s talk about what is meant by the term “security.” One or more of the following services can make up a complete business security:
- Intrusion or burglar alarm systems
- Fire alarms
- Access control
- Video surveillance
- Security Officer
- Pre-Employment Screenings
Within each of these options are combinations that suit every business 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?
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:
- Do they have their own monitoring center?
- Will they come onsite for a full assessment before making any suggestions?
- Do they schedule and perform the installation themselves?
- How long have they been around?
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! In addition, Per Mar’s fire alarms are monitored, ensuring that you and the authorities are immediately alerted of the first signs of danger.
Access Control
Access control offers a reliable and efficient way to safeguard your property by regulating who can enter and exit specific areas. By implementing a robust access control solution, you can enhance security, improve operational efficiency, and gain peace of mind. Furthermore, cloud-based access control takes these benefits a step further by leveraging the power of the cloud to provide even greater flexibility and efficiency. It’s important to note that with modern access control systems, duplicating access control cards can’t be done, enhancing the security of your system compared to older methods.
Video Surveillance
In today’s rapidly evolving technological landscape, video surveillance has become an essential component of business security. It provides peace of mind and proactively deters criminal activity, safeguarding assets, and enhancing overall safety. With the latest technology, even more affordable analog cameras have caught up with the times, offering high-quality solutions for businesses of all sizes. When paired with Per Mar’s 24/7 live video monitoring, traditional video surveillance becomes an even more powerful tool with an additional layer of security that enhances effectiveness.
Security Officers
In the realm of security, electronic security provides significant protection, but sometimes the presence of physical manpower is vital. Security officers play a crucial role in maintaining safety by acting as a visible deterrent to potential threats. Whether you require temporary or full-time security personnel, security officers are essential for businesses requiring a human presence to enhance security, from event venues to corporate offices.
Pre-Employment Screening
Employee theft and fraud are legitimate concerns for businesses across industries. Pre-employment screenings are a vital tool to mitigate these risks by ensuring that potential hires align with your company’s values and security standards. Background checks can include criminal history searches, employment and education verification, motor vehicle reports, and drug testing. These screenings help you make informed hiring decisions, reducing the risk of internal threats.
Pre-employment screening not only protects your business but also cultivates a trustworthy work environment and company culture. To learn more about the benefits and components of background checks, check out our Back to Basics Blog for an in-depth look at how these screenings can safeguard your company.
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 plan and schedule your free security review with us!