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10/14/2021

How Much Does a Business Security System Cost?

When calculating the cost for commercial security systems many factors must be identified. Read this post to learn how much a business security system cost!

How Much Does a Business Security System Cost?

Security systems are an intricate part of owning a business today. Business security needs vary from one business to another. Hence, companies involved in setting up business security systems must understand the needs of each business and how to meet them sufficiently.

When calculating commercial security system costs, many factors must be considered. The variation of cost mainly depends on whether the security system is for a small or medium-sized business and the needs of the business regarding security. Small business security systems cost significantly less than those for bigger businesses like hotels, malls, or office buildings.

Also, the components of the security system affect the total cost. In conversations with a service provider, a business owner would consider the types of business security systems they provide and which are necessary. Some of these systems include:

The components of business security systems will usually include the following:

  • The hardware for the security system can range from $1,000 to $3,000 depending on the number of component elements for the chosen security systems.
  • The installation fees range between $200 to $550 depending on the size of the business.
  • Monthly monitoring can range from $40 to $150 depending on size and the plan.
  • Cost of repairs on the hardware will vary on the wear and tear of the equipment over time.

These components influence the cost of security systems to varying degrees. They are dependent on factors peculiar to the business being secured such as its size and the number of visitors or clients received daily. Let’s take a deeper dive into what these components entail and how they affect the overall business security systems cost.

Price Factor #1: Business Security Hardware

Companies must invest in adequate business security system hardware. These may include cameras, sensors, alarms, monitors, sprinkler systems, nuts, bolts, and many others depending on the security systems to be employed. The total hardware costs can vary, however, they usually range from $1,000 to $3,000 and even get up to as high as $10,000, depending on the system.

Intruder Detection Hardware

This type of hardware is a preemptive measure and a valuable necessity in every commercial security system. An Intrusion detection security system may include all types of sensors, motion detectors, control panels, alarm keypads, security fences, reinforced intruder-sensitive windows, and doors. This warns the company of any intrusion onto the property and into the business. The needs of every individual business will determine the costs. The components of the security system will affect the cost. For example, contacts go for as little as $30 while a control panel can cost about $150. Every business owner/manager must strategically plan and do a risk assessment to figure out what is their best fit.

Surveillance Systems

Surveillance Systems Cost

Surveillance cameras allow a business to monitor and gather evidence in the unfortunate event of a crime or a liability issue. The price of a CCTV system depends on the size of the business, the number of cameras required to protect the establishment, and whether the cameras will monitor both the outdoors and indoors of the business. The average cost of a surveillance system can average around $500, depending on your security needs.

Access Control System

An access control system is typically linked to an existing network, or another network is created for this purpose. The purpose of an access control system is to electronically secure doors to businesses that can only be opened by individuals who have a code, a key card, a smartphone, or even a fingerprint-based one. Some access control systems are also equipped with cameras and recording devices. The average installation cost for an access control system is around $1000 per door.

Environmental Monitoring Systems

Cyber Security System Cost

There are 5 types of environmental monitoring:

  • Air quality control
  • Water monitoring
  • Waste monitoring
  • Remote monitoring
  • Cold storage/freezer monitoring

The purpose of such a system is to gauge the quality of the building and its suitability for business in different areas, as mentioned above. The systems come equipped with panels and sensors, the cost of such a system can range from $150 to $300. It is an important tool and is mostly used in warehouses and IT facilities but applies to a wide range of businesses.

Cyber Security

Technology helps us in our day-to-day lives, and it helps businesses grow and get noticed. Unfortunately, criminals use technology to steal or damage businesses which is why cyber security is important. It protects sensitive data, intellectual property, and personal information. The cost of cybersecurity for small and medium-sized businesses can range from $100 to $2,000 per month.

Price Factor #2: Installation Fees

Business Security Installation Cost

Business security system installation cost for businesses is mainly driven by the size of the business. For smaller businesses that have 85 employees or less, the costs for installation will range from $100 to $300; for companies that employ 85 or more employees, the costs will range from $200 to $600.

When evaluating the cost of the installation fee for a security system, it is important to consider the type of system that will be installed and the scope and complexity of the security system. The installation cost will not be the same for a basic CCTV surveillance system and a complex security system, which includes fire alarms, a CCTV system, a burglar alarm, and control panels on exit doors.

Price Factor #3: Business Monitoring by Professionals

Many large companies and corporations have a security team that monitors the activities within and around the facility. However, not every company is large enough or has a budget to hire a specific team to monitor their business site.

Monitoring is an integral part of a security system, without someone to evaluate the footage or situations, your security system is rendered moot. The cost can vary here depending on the size of the business and the type of monitoring required. The average monthly cost ranges from $35 to $155, and this number can also vary depending on what monitoring company you choose to go with.

Another factor that plays a role in the monitoring cost is whether it is a traditional landline or cellular system. Cellular is becoming more popular whilst a landline will be cheaper but also requires its phone line for alerts. It comes down to personal preference.

Other Factors to Consider

  • The Age of the Building: This affects the security system installation cost for businesses. Older buildings usually require extensive changes to accommodate advanced business security systems. Most newer buildings are constructed to accommodate these security systems. At most, only small changes need to be made.
  • The Size of the Business Space: The larger the building or business space, the higher the commercial security system cost. One can expect that more hardware and labor would go into setting up proper business security systems in such spaces. Smaller spaces result in a reduced cost of security system hardware and installation.
  • The peculiarity of Space to be Secured: Where outdoor security is concerned, the service provider will consider making the security system resistant to damage caused by temperature changes, extreme weather, and vandalism. These might not be included where interior security is concerned. The added considerations could affect overall costs by as little as 30%.
  • The complexity of Security Requirements: The inclusion of sophisticated equipment, a video surveillance system, and analysis services will raise the cost of business security systems appreciably compared to a basic package. These sophisticated systems may allow you to monitor security with a mobile app or restrict access using biometrics. These are not necessary for every type of business.

Conclusion

When planning for a commercial security system, many factors can influence the cost of the system. It is important to have a professional that can guide you in making the right choices for security solutions you can trust. Forbel Alarms is your reliable security partner with the best prices in Chicago. We design and install custom security system solutions for businesses in Chicago and surrounding areas. Contact us to discuss your project today!

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