7 Tips for a Contract Security Agreement
It is never too late to sign an agreement for security services. Did you know that American businesses lose $50 billion each year due to workplace crime?
A tried and true solution is to employ contract security. Before you jump into a long-term agreement, however, it is important to define expectations.
Read on for advice on how to navigate the contractual process. Explore 7 tips for drafting a contract security agreement that will protect your company’s assets for years to come.
1) Clearly Define the Length of the Contract Security Agreement
The first thing to define is how long you need security services for. The duration of the contract has a ripple effect on other areas.
Topics that are covered later such as continuous training are dependent on the contract length. Clearly defining the duration ensures that the security services company remains properly staffed and equipped to protect your business.
2) Ensure the Contractor Is Insured
Insurance is an important factor in hiring a quality security services company. In this section, ensure that the security professionals are adequately insured in the event of a mishap or other issues.
It is a good idea to list the types of coverage required in the contract. If vehicles will be utilized, for example, the contract should explicitly state that automobile insurance is needed at all times. Another tip is to have your company’s insurance agent review the proposed policy to make sure it is adequate.
Security professionals are required to meet licensing requirements that differ for each state. The contract should ensure that each resource maintains state licensure.
This is an important contract term due to liability concerns. Your company could be held liable if an incident occurs involving an unlicensed security professional.
Continuous training is imperative in the security industry. Training is the best way to prepare security professionals for the various situations that may arise
Clearly define your training expectations in this section. Some training topics include coursework, professional certifications, and the number of courses per year.
5) Armed Security Guards
Unarmed security is a viable option for many businesses. However, other companies require the presence of an armed security guard.
This is something that should be clearly defined in the contract. Security guard contracts for armed professionals should also guarantee compliance with state rules and regulations.
6) Chain of Command
The contract is a great place to define how security professionals interact with the company’s management. Without defining intercompany communication, there are sure to be breakdowns.
Head these potential communication issues off early by defining the chain of command in this bilateral agreement.
7) Duties and Responsibilities
This is a standard section in the vast majority of contractual agreements. Here is where labor categories are presented with their correlating duties and responsibilities.
By adding this section, you ensure that security professionals meet expectations. At the same time, they are less likely to mistakenly do something that is unwanted.
Wrapping It Up
Security services are critical to protecting your business. Considering the expense of commercial crime, a security agreement is a great investment.
With these 7 tips, your company is ready to hire a security company. If you are interested in learning more about contract security agreements, please contact us for assistance.