Types of Security Companies

Publicly Traded Security Companies

The security industry is filled with companies that take vastly different approaches to serving clients. Here’s an overview of the key categories:

Publicly Traded Security Companies

Publicly traded companies prioritize shareholder satisfaction over client needs. These companies subcontract most of their services to cheaper security providers, often compromising on quality. While shareholders see profits grow, the clients are left with subpar services.

Stock Market

Cheap and Unprofessional Security Companies

These companies are driven by a “race to the bottom,” cutting costs at the expense of quality. Their business model is unsustainable, often resulting in frequent bankruptcies and rebranding every 1–3 years. Here’s how to spot them:

  • Emphasis on low prices over quality.
  • Lack of infrastructure or field support during emergencies.
  • Operate as a “one-man-show,” with the owner handling every task.
  • No WCB certification or sufficient liability insurance.
  • Rapid client turnover due to dissatisfaction.

This leaves clients vulnerable, as untrained, unlicensed guards may be sent to perform critical security duties.

This method of operation leaves the Clients and their property vulnerable in many ways. Publicly Traded Security Companies sub-contract small, cheap security companies often unlicensed, un-trained, non-accredited, and have yet to purchase WCB coverage or private liability insurance.

The Client believes they have purchased a high-profile security guard service. Yet, an unlicensed, sub-contracted security guard without training arrives on-site wearing the Publicly Traded Security Company uniform. This method primarily benefits the shareholders whose stocks continue to increase every time the Publicly Traded Security Companies reduce quality to cut costs.

Erratic Security Companies

Erratic Security Companies

These security companies also depend on sub-contracting most of their services to cheaper security companies (please refer to 3) to reduce quality and cut costs. Still, they may or may not be publicly traded. This category needs vision and a transparent business model; hence, they keep moving erratically. They create a high overhead for themselves unnecessarily due to reckless overspending in an attempt to mimic publicly traded security companies.

BestWORLD Security: A Revolution in Security Services

BestWORLD Security is named after three factors. First, Security is our Mission. Second, the World is our Vision. and being the Best is our Ambition. BestWORLD Security is revolutionary in its field and has become the leading security company in the Vancouver security industry. Centrally located in Vancouver, BestWORLD services Burnaby, Coquitlam, and every other city in the Greater Vancouver area including the Fraser Valley, and the Tri-Cities.

BestWORLD is a fully independent Security Company. We don't subcontract or agree to work on a sub-contractual basis. We are fully insured, accredited, and WCB registered. The key to BestWORLD's continuous success year after year is only using qualified staff to perform and monitor other staff using high-tech software.

Our scheduling processes are based on the training and qualification of our Security Guards. BestWORLD hires more than 100 Security Guards each year to undertake strict training modules that are specifically designed for each category of security services such as Concierge, Loss Prevention, Event Security, Site Security, $9.99 Mobile Patrol Security, Bodyguard Services and other Specialized Security Services.

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