With the day-to-day risks involved in running a business, getting the right insurance policy is important.Here are some of the key covers that will make up security company business insurance: And keep in mind that if you do hire staff, they’ll need specialist clothing.
If you just want to know how to set up your business, skip to our step-by-step guide.
There are different aspects to running a security business.
Carry out some research into existing security businesses and the needs of your potential clients in the area.
This kind of research will likely form part of your business plan.
You can also get other certificates and accreditations, including the NSI, ISO 9001, Safe Contractor scheme, and CHAS (Contractors Health and Safety Assessment Scheme).
You should also choose a legal structure for your business – will you set up as a sole trader or a limited company? You also need to register as self-employed with HMRC.
These are just some of the niches you could consider: Your business’s location should also play a part in your eventual decision – as with any business, it needs to meet an existing demand.
For example, if there’s no need for door security in your region, that niche might not be worth pursuing.
You also need to factor in your costs, including hiring staff and training.
In terms of rates, what you charge clients will also depend on the type of job required.