Starting a Security Company in Texas
Starting a security company in Texas begins with applying for a license from the Texas Department of Public Safety - Private Security Bureau.3 min read
Starting a security company in Texas begins with applying for a license from the Texas Department of Public Safety - Private Security Bureau, which is in charge of regulating Texas security industries.
Things to Consider When Starting a Security Company
For a private investigation company to operate, it must have a Class A license. If your security company will interact with guard services, alarm systems, courier services, armed guards, locksmith services, or closed-circuit television systems, an application must be made for a Class B Security Contractor License.
Apply for a Class C license if your security company will deal with private investigation contractors and security contractors. A Class T is necessary if you have plans to operate a telematics company. Class D combines Class B with a security contractor. It can take 6 to 8 weeks for the application to be processed and the license issued. Once issued, the license must be renewed on an annual basis.
When hiring employees, it's important that you ensure each person is registered by the Texas Private Security Bureau before they are officially hired. Registration for each employee must be renewed on a yearly basis.
In the United States, you cannot operate a business without having some of the basic types of insurance coverage required by the type of industry you are operating within. Some types of insurance coverage to consider include:
- General insurance.
- Health insurance.
- Liability insurance.
- Overhead expense liability insurance.
- Payment protection insurance.
- Risk insurance.
- Workers compensation.
Security industries are highly regulated. For those considering starting a private security company, it's recommended that international security certifications be acquired. Having the certifications provides a level of trust to your team and your company. Some of the professional certifications that should be considered for you and your staff include:
- Certified Information System Security Professional (CISSP).
- Certified Security Compliance Specialist (CSCS).
- Certified Security Project Manager (CSPM).
- Cisco Certified Security Professional (CCSP).
- Global Industrial Cyber Security Professional (GICSP).
- Industrial Security Professional Certification (ISP).
Challenges Involved in Starting a Security Company
A private security company is subject to challenges and even threats from government policies as well as a downturn in the economy. Both can result in a setback to the company. Another challenge you may face is another well-established security company moving into an area where you have established a business.
Surviving in the business world when challenges present themselves requires that you have more than expertise in drawing up security contracts for clients. You must also know how to create and participate in a network with key people who will help promote a successful business plan.