Investigations and Security Solutions Investigations, LLC
Did you know?
Security companies must be licensed and have the appropriate liability coverage including workman’s compensation liability before hiring and providing security officers. Although security guards must be licensed, they are not allowed to negotiate their own contract. They must work for a licensed security company or be proprietary that is hired by the company. Individual companies and the guard can be held liable by New York State for negotiating these unlawful contracts.
What is Proprietary and Contractual Security?
There are two types of security; proprietary security also known as” in-house security” and contractual security. Proprietary security companies hire and compensate their own security employees. Contractual security is contracting with a licensed security company that will provide the guards to address any security concerns/issues.
Pros and cons of proprietary security versus contractual security?
Proprietary or In-house security companies appeal to organizations that are looking to reduce their financial cost associated with their security. As a result, contractual security can be very appealing since there are considerable savings to companies that outsource their security. The following are some of the advantages and disadvantages of proprietary and contractual security.
Advantages of Proprietary
Disadvantages of Proprietary
Advantages of Contractual Security
Disadvantages of Contractual Security