The whole cost of a small or medium-sized business’s security system may be broken down into three pricing categories:
Hardware for security: between $1,000 and $2,500 on average
Costs associated with installation and activation range between $300 and $500 on average.
Alarm monitoring costs between $40 to $120 on average.
That adds up to around $2,000 in upfront fees and approximately $60 each month if you opt to have your business monitored by a professional security provider.
Bear in mind, however, that they are quite large pricing ranges. Therefore, in order to provide you with a more accurate picture of the true cost of a security system for a company, we’ll break down these pricing variables in further depth in this post.
Hardware for Business Security
A corporation might anticipate spending between $1,000 and $10,000 or more on security gear. The typical cost of insurance for a small to medium-sized firm with one location is around $3,000.
A company security system’s key hardware components include the following:
- Video cameras and closed-circuit television systems: A closed-circuit television system may include surveillance cameras, networking equipment, and computer displays, among other components. You might easily spend up to $600 on each camera and hundreds more on displays and networking devices.
- Access control hardware consists of keypads, access cards, security door locks, and even face recognition cameras. A firm should budget between $800 and $1,200 for each door they intend to safeguard.
- Monitoring hardware comprises motion detectors, alarm panels, environmental sensors (fire, smoke, carbon monoxide, and water), cameras, and similar devices. Numerous these goods range in price between $300 and $600, which may soon build up depending on the size of your business.
Fees for Installation and Activation
Labor expenses for wiring and installing a small business security system typically range between $300 and $700. The average is something in the neighborhood of $500.
When it comes to installation, two elements will significantly affect the cost:
- Facility size: The largest factor affecting cost is the size of your commercial property. While a mom-and-pop store may get away with only one or two cameras, a bigger corporation with 100+ workers handling sensitive customer data may need far more.
- Installation discounts: Security companies may sometimes forgo labor charges and installation fees entirely if a new company agrees to a long-term monitoring contract.
Monitoring Your Business
On average, you may anticipate paying between $40 and $120 per month for a security specialist to monitor your company. However, that cost may rise based on the following factors:
- The monitored devices: You may desire to subscribe to fire and carbon monoxide monitoring in addition to burglary and alarm monitoring. The number of sensors and cameras monitored has an effect on your monthly revenue. An yearly fire examination of the building’s fire equipment should also be considered.
- The monitoring method (landline vs. cellular): A firm may choose for either landline or cellular monitoring. While landline monitoring is less expensive per month than cellular (GSM) monitoring, it provides robbers with a simple option to disable their security system (by cutting the landline). In certain circumstances, landline monitoring costs as little as $19 per month. GSM monitoring is available for as little as $29 per month.
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