Running your own business can be quite a handful at whatever stage you are in your company’s growth. And with all the things that you do, from brainstorming, planning, execution and even managing your employees, the last thing that you want to think about is the possibility of experiencing theft and burglary.
According to a survey of 3,000 small businesses, it was found that 22 percent experienced burglary and theft in 2018. And approximately 20 percent of all small businesses filed a claim for these incidents, costing them an average amount of $8,000. This amount will increase to more than 40 percent in the next ten years, according to analysis by The Hartford.
With all these numbers continuously rising, the best thing you can do for your small business is to be more vigilant and take the necessary steps in preventing such incidents. So to help you ease your mind, here are 3 smart ways that you can do to protect your life, your assets, and your business.
1. Secure Your Area with CCTV Cameras
The first thing that you want to do if you experience theft and burglary is to secure and capture the “crime scene”. And what better way to do that than to install surveillance cameras. These devices will capture what’s important and give you a sense of security. You will be able to know whether your employees have been productive and you won’t need to worry about the security of your off-site areas.
When you use recorded videos as evidence of the crime, together with your landlord liability insurance, you can be sure that you get liability coverage without spending anything out of pocket.
2. Check Everything before You Leave Your Workplace
Crime starts when you let your guard down. And if you stop being attentive in your surroundings, people you don’t know and even those who you trust can take these moments to take advantage of you. So, always check whether you already locked the door, make sure you checked if everyone has vacated your building, and look out for suspicious personalities that may have been observing you.
3. Secure and Update Your Business Insurance
This may be the most important but the least prioritized. Maybe you’re thinking about theft and burglary as something that may not happen in your business anytime soon, or the people whom you work closely with seem very responsible. But the moment an opportunity arises, you may never be able to protect your business.
Insurance companies have always aimed to tell small business owners about the importance of having policies that can provide coverage if someone experiences injury within your property, or compensation in the event of theft or burglary. These policies will protect you and your assets for many years to come.
Conclusion
Your small business was built from your vision of success and from your personal hard work and from those people who helped you get it on its feet. Just like a seed that you sow on the ground and care for it to grow and protect it from harm, your business also deserves that kind of nurturing.
Quesurance is a top tier insurance company that provides business insurance, landlord’s insurance, worker’s compensation, and many other products for business owners and individuals. We can assist you with all your inquiries and needs. Contact our experts today!
