Business Benefits of Insecurity

The prevailing violence and crime in Guatemala has led to an increase in the supply of services and products to provide security.

Monday, August 15, 2011

There are currently 150 security companies, employing about 120,000 people offering services such as surveillance and custodial care among other things.

"These kinds of services are mainly sought by businesses and neighborhoods, due to a distrust of the services provided by state security forces.

Security staff are just one facet of the security industry, which includes other products and services such as CCTV systems, surveillance cameras, motion sensors, alarms, life insurance, anti theft barbed wire, security wall construction, armoured vehicles, protective clothing, weapons and defensive localisation systems", published Prensalibre.com

More on this topic

5 Private Guards for Every Police Officer in Guatemala

November 2011

A total of 120,000 private security guards perform security duties in Guatemala, five times the total number of police officers.

The NGO Public Safety Instance Monitoring and Support, which monitors the country's security policies, is concerned by the situation.

Veronica Godoy, delegate of the NGO, said the figures place Guatemala as the country with the greatest disparity between private security guards and state police.

Concern About Rising Crime of Extortion in Guatemala

February 2013

Employers indicate that the cost of paying extortion fees on productive or commercial activities, can amount to up to 1% of sales.

S21.com.gt reports that "The country's industrialists have declared taken their concerns to the Minister of the Interior where they reported being victims of extortion and theft and a killing spree that is maintaining a 'climate of anxiety' in the country, said Javier Zepeda, president of the Chamber of Industry (CIG by its initials in Spanish). "

Guatemala: New Rules for Security Firms

November 2010

The new law establishes requirements for recruitment and requires companies to provide employee benefits.

It creates the General Department of Private Security Services under the Ministry of Interior, who will be responsible for overseeing the companies.

Sigloxxi.com details the contents of the new law:

Costa Rica: Private Security Grows Octopus Style

September 2014

Limits to the number of contracted officers and other legal conditions are forcing large security companies to create smaller subsidiaries dedicated to providing services in specific areas.

So far this year 145 new security companies have registered with the Ministry of Public Security, about the same number of new businesses created during 2013, when there were 150.

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