Having your own security company can be very rewarding. You have great potential financially and it makes you feel good to know that you are helping people feel safe and secure. Below are the necessary steps you can take before taking the first steps to opening your own security company, as well as some ideas:

Testing and License

Most states require written tests. You can ask about specific government requirements by knowing which state department oversees private security in your area. For example, in California, the Bureau of Security and Investigation Services is responsible for all rules, regulations, and requirements related to private security. If you ask, most states will send you training materials.

Marketing

If you have connections to sell your new security company, then you are ahead of the game. Many new security business owners don’t realize that it takes a lot of time, thought, and money to build their business. Most markets are very competitive.

Once again, before you own your security company, it’s wise to think about how to sell yourself. Many state and local agencies can help you conceptualize your new business. There are commercial publications in the security industry, various affiliates, and other relevant resources that you can find by researching on the Internet or by visiting your public library. Your local chamber of commerce is also a good place to start.

Insurance

To hire armed security guards, most require you to have liability security guard insurance for appearance. The exact amount varies. Employee compensation is usually required for all of your employees, but the good news is that you can wait until your first customer appears before you can pay those costs. But setting a minimum policy in advance makes practical sense.

For most policies, it is usually between two and three thousand dollars. The more officers, the more expensive, of course. Without the established experience in the field of security, almost all insurance companies charge high rates, but you do not have to invest any money until you hire a client again.

Office Expenses

Starting small is always best. Many new security companies initially operate from home. It is important that all forms of a security company are in order. There are about a dozen guard forms you will need, such as post logs, event reports, and a company guide. Forms can also be found online or at your local library.