By Desiree DeNunzio, Insureon Contributor
If you are a small business owner, you are probably aware that burglary and theft – possibly by your own employees – can take a serious toll on your bottom line. Twenty-two percent of small businesses received a burglary or theft in 2018, according to an insuronic survey of more than 3,000 small business owners. Burglary and theft account for 20 percent of all small business claims, according to The Hartford, with each incident costing a company on average $ 8,000.
While you cannot completely protect your business from any potential theft and burglary, taking action to Protect your assets and minimize damage if an event occurs. Here are six ways to reduce the risk of burglary and theft.
first Installing an Alarm System
One of the best ways to protect your business from theft, vandalism and burglary is to install an alarm system. The presence of an alarm system is often enough to deter any burglars, and it can help you keep an eye on both external and internal threats.
Alarm system does not have to break the bank. Most settings can be customized, and companies offer many inexpensive options. Just make sure that the system can be controlled and monitored on your smartphone, tablet or computer, and use a UL-certified central monitoring station to monitor your alarm system 24/7.
2nd Checking every login site when leaving your building or work vehicle
Most burglaries are simply an abuse of opportunities ̵
3. Keep track of the keys
Track each key issued to employees and ensure that keys are returned when employees leave your business, limit the number of people who have keys and access to expensive equipment. , the more susceptible your company is to risk, you may want to consider installing a personal nyc access control system kelfob that can determine which parts of the building some employees can enter.
4th Perform Background Checks
Although it may seem counterintuitive, sometimes employees who commit fraud at work may be the ones most trusted by others. Therefore, it is important to carry out background checks on new employees and contractors, especially if they are to handle payments or sensitive financial information about customers and your company. A background check can not only help you make smarter employment decisions, but it will also act as a preventive measure against theft of workers.
5th Installing CCTV Cameras
Television cameras with final circuitry, also known as CCTV cameras, provide video surveillance companies and take pictures or recordings of what happens when you are not there. The presence of surveillance cameras can discourage thieves, protect your business during operations and operating hours, and increase employee productivity. Save on-site photography and place cameras at strategic locations to identify customers and employees' faces.
If you install CCTV cameras in your company, make sure you understand legal and privacy changes. Employees should be informed of the cameras and understand why they have been installed in the workplace. Cameras should not be installed in break cabins, toilets, employment rooms or other areas where there is reasonable expectation of privacy.
6th Evaluate Landscape Architecture and Outdoor Functions
In addition to indoor protection, you should pay close attention to the exterior of your building. If possible, remove obstructive functions where a person could hide. High hedges or large bushes can hide your building from law enforcement and provide protection for criminals. Make sure the exterior of your building is well lit, especially around the inside and windows, and install motion detection lights in some particularly dark areas.
How small business insurance protects your business against burglary and theft
Theft and burglary need not cut into your bottom. In the event of an event, these small business insurance policies can help you recover:
- Commercial Property Insurance can compensate your business for supplies, equipment, inventory, and furniture stolen from your premises. This policy protects your assets and your business space, whether rented or owned.
- A business owner policy also known as a BOP package, protects insurance cover with general liability insurance – usually at a more affordable rate than if the policy was purchased separately. It gives companies a way to save money while covering losses such as damage or theft.
- Inland Sea Insurance can cover certain high value objects, as well as property you own that leaves your business, such as tools you take to and from workplaces. Equipment that moves from place to place, such as cameras, tools and catering equipment, usually has a higher likelihood of loss. Inland insurance can cover a number of items that standard insurance policies cannot.
Insuron makes it easy to find the coverage you need to protect your business. Fill in an online application to compare quotes from multiple carriers.