Business owners work hard to build a thriving company in a competitive landscape, but many leave it open to vulnerabilities by not properly protecting it from the start. According to a survey from Insureon, 8.8 percent of small businesses were victims of burglary or theft. But that just scratches the surface on safety and liability concerns for businesses. Insureon data found 22.2 percent of small businesses deal with client complaints, contract disputes and employee injury.
All of these issues can be monitored and possibly resolved with the help of a security system. A video surveillance system can help record, monitor and assess footage to help with customer and employee issues, theft or injuries, to name a few. And fortunately, business security systems don’t have to be expensive and can pay for themselves with the benefits they provide. Here are four reasons to consider setting up a security system for your business.
1. Protect your property
The most obvious way a small business security system pays for itself is by protecting your assets and property. A quality security system will alert you when a break-in occurs, giving you the opportunity to call the police. It can also record anyone who enters and leaves your premises, so if inventory goes missing, you can revisit your footage to determine who had access to the property and what they removed.
2. Prevent employee theft
Employee theft is a growing problem in the United States. In fact, the Global Retail Barometer reported that American retail staff steal more than shoplifters. According to their data, employees account for 43 percent of revenues that were lost and usually stolen from the cash register. However, whether youâ€™re working in the retail industry or elsewhere, your employees could be lifting anything from office supplies to actual revenue from your pockets. Use a video surveillance system to keep both customers and employees honest by monitoring what theyâ€™re doing.
3. Receive insurance discounts
Insurance companies are motivated to give discounts to businesses who install security systems to keep an eye on their premises, Business Insider states. A company that is protected and captures video footage of criminal activity lowers the risk and liability for insurance carriers. Small business owners should ask their insurance providers what types of rates are offered for both inside and outside systems that monitor their property. The reduced cost of the insurance could end up paying for your security system.
4. Monitor your business from anywhere
It can be tough to grow a business when sticking around the premises to ensure itâ€™s safe and employees are actually working. But a business security system with remote capabilities can be connected to your smartphone so you can monitor from anywhere. Pull up your video footage whether in the field making sales with clients or on a much-needed vacation.
Perhaps the best part of a business security system isn’t the cost or how it pays for itself, but that it provides peace of mind.