How Much Will It Cost to Hire a Bodyguard?
America saw over 40,000 gun-related deaths in 2022. You never know when someone has a gun and whether or not they mean you harm. If you’re a high-profile individual, you may want to think about hiring executive protection.
Whether you’re an actor, the head of a business, or a local politician, danger could be lurking just about anywhere. In this post, we’re going to break down how to hire a bodyguard. More importantly, however, we’ll break down how much hiring one will cost you.
Just because we think of bodyguards as a service for the rich and famous doesn’t mean that it has to break the bank. Keep reading, and you’ll see that personal protection costs really depend on the type of protection you need and how long you need it.
What Does a Bodyguard Do?
At the heart of any kind of personal protection specialist service is safety. You might be a celebrity with countless admirers, any one of whom could have the capacity to snap and do you harm. Politicians deal with threats of violence all the time.
You could even be a family-oriented person going through probate with angry relatives or a business owner with disgruntled employees. There are countless scenarios where you could potentially face danger at the hands of someone else. That’s where an executive protection agent comes in.
When you hire one, you’ll get personalized services depending on your specific needs. The service should gather intelligence about your situation and the threats you face, then devise a plan to give you effective yet unobtrusive protection that mitigates these threats.
For a diplomat, armed security may be required for specific events while the person is in transit or constantly. A celebrity may want bodyguards around when they’re out in public to lessen the risk of personal intrusion. A business owner may want someone to take them to and from the office.
Most bodyguards have backgrounds in the military or law enforcement. Our executive protection agents have all of the expertise and training necessary to tactfully handle any dangerous situation. With a protection agent around, you’ll always feel safe, even in compromised situations.
How Much Does It Cost to Hire a Bodyguard?
Executive protection cost fully depends on the services that you require. Many services charge an hourly rate. You can estimate the total cost by multiplying the length of time that you need a bodyguard by their hourly rate – anywhere between $50 to $150.
If you want to get a clearer picture of how much executive protection will cost, it’s best to do a consultation. You can book a consultation with one of our security consultants by visiting our website and filling out a secure online form.
What Are the Factors Affecting Bodyguard Cost?
There are numerous factors that affect prices. Every service has a different hourly rate, but it’s likely that you’ll find a sliding scale depending on the following criteria.
Type of Bodyguard Service
A bodyguard can be many different things. Executive security for a large party doesn’t have the same price tag as an armed driver. Unarmed personal security has a different price tag than a full-time bodyguard.
What type of security you’re asking for is the biggest factor in the overall cost of service. This is the most important decision that you’ll make, which consultation will help with.
Perceived Threat Level
An experienced executive protection service will conduct thorough research into you and the situations you’re facing before giving you a price. Part of this is determining a threat level, which has a direct impact on the bodyguard’s well-being.
If you’re a high-profile employer who has been threatened with violence, a lot of preparation has to go into your protection. Celebrities attending events are dealing with potential danger rather than concrete threats. Security is essential in both situations, but the perceived threat level will be different.
Number of Agents Required
The more protection agents you need, the more you’ll have to pay for the service. For example, if you’re holding a meeting with other top executives at your company, you may want an armed detail at each building entrance.
Location
Where you’re located and where you plan on traveling with the bodyguard are other cost-determining factors. The challenges associated with your travels and lifestyle play a role as well.
Duration
If you need 24/7 protection all year round, that’s going to add up. When they’re making $60-$100 per hour, you’re looking at around $500,000-$800,000 per year for constant protection.
Bodyguard Benefits
Hiring executive protection means that you’re concerned about your safety. The biggest perceived benefit that you’ll get from this process is the peace of mind that you get knowing that a trained professional has your back.
Peace of mind comes from the mere presence of a bodyguard. The real benefits are experienced when a potentially dangerous situation is mitigated because of their expert training.
They’re able to assess any situation and act accordingly, whether it’s crowd control or mitigating threats. In addition, they can provide you with tips on recognizing and dealing with threats even when they’re not around.
Simply put, having executive protection makes you safer. When you’re at risk for one reason or another, there’s nothing more beneficial than safety.
Staying Safe With Armed Security
Now that you have a better idea of how much it costs to hire a bodyguard, it’s time to get some of the best security risk management in the country. At Iron Shield Protection, we’re dedicated to maintaining our clients’ safety with our own highly trained staff, as well as a broad network of closely vetted security providers worldwide.
Our client list includes corporations, high-net-worth individuals, family offices, NGOs, and celebrities. If you’re concerned about your safety, contact us today to get a consultation.
