The question of how much it costs to hire private security in Albany does not have a short answer. This is because the cost of hiring is not only comprised of the hourly rate of pay for the security guard plus the company’s profit margin. There are several other factors involved which can hike up the total cost of hiring and maintaining that kind of workforce: 

1. The overhead cost for the company: Managing and maintaining a private security company requires dispatchers, customer service personnel, accountants, supervisors and operation managers. At PD Agency, we try to maintain the lowest overhead costs by minimizing unnecessary or excessive costs. We employ supervisors and managers to work from home whenever possible and keep our headquarters or central command generally for operations and briefings. 
2. The cost of insurance: Every security guard company in California must, by law, carry a minimum insurance policy that provide specific coverages required by the bureau of security and investigative services. The cost of this insurance can go up or down depending on the type of security detail and the risk involved. For instance, construction sites may have very little cost to add to the insurance compared to fine jewelry stores or hardware stores. At PD Agency, even though we carry some of the best insurance coverages in the industry, but we also vet some of our clients that can significantly increase our rates. For example, we do not cover bars, clubs, medical marijuana clinics, cannabis farms, etc. In this manner, we keep our cost low for our clients at shopping centers, office buildings, malls, events, residences, etc. 
3. The profit margin for the company: At PD Agency, we try to keep our margin reasonable whereas it is enough for us to continue to be a leader in this industry but it is not too excessive to drive up the cost of hiring a private security officer in Albany through our company. In most cases, our margin is an hourly range of $3-$10 The lower end of this margin is usually present with long-term contracts while the higher end occurs with short term assignments such as a wedding event of 4-8 hours or a fine jewelry transport for a few miles. In rare cases, with select assignments, the margin may be slightly higher than $10/hour with increased risk. But, in all cases, we try to minimize the entire cost and create a win-win-win situation for us, our staff and of course our clients. 

In short, the cost of hiring a private security guard in Albany can be between $22 – $150 per hour. It depends on the exact assignment, location, type of guard requested, risks involved and length of contract. 

At PD Agency, we try to keep that cost as low as possible for our clients and we have active strategies that minimize the cost for the client and maximize the benefit for us and for the guards. As a result, we continue to create win-for-all situations that catalyze our leadership in the industry of private security services in Albany.