Unfortunately, higher sales result in an increase in petty theft. According to a 2021 Retail Industry Leaders Association study, nearly $69 billion worth of products were stolen from retailers in 2019.
Research also suggests that most theft represents crimes of opportunity. This means that people are more likely to steal when it is easier for them to do so. If you are running a business, installing a security system can drastically reduce the risk of having your business targeted by burglars, shoplifters, and even your own employees. Installing a business security system that is right for your company can offer an additional layer of protection and provide you with the peace of mind you need to keep operations up and running and remain profitable.
Crime Risks During the Holidays
As the holidays approach, crime risks increase in many types of businesses. One survey found that approximately 1.2 million shoplifters (that also includes employees) are arrested annually during the holidays alone for theft. Retail businesses are one of the most likely types of businesses to be targeted by thieves, but they are not the sole target of thieves, hackers, and burglars. Banks, warehouses and distribution centers, construction sites, and bars and restaurants are also often vulnerable to theft. There are some general safety and crime prevention tips that apply to most any business during the holidays.
General Safety Tips for the Holidays
Whether you own a small mom & pop shop or if you manage a large commercial warehouse, being aware of your surroundings is imperative. Knowing the ins and outs of your place of business (including all entrances and exit points) while keeping an eye on customers and employees is essential. When employees and customers feel as if they are being monitored, they are less likely to steal or attempt to commit a crime.
- It may seem obvious, but don’t hide spare keys on the property. You may be surprised at how many small and mid-size businesses still use this practice!
- Make sure all doors and windows have secondary locks.
- Make sure the outside of your business or office space is well-lit, and trees and shrubs are trimmed.
If any of your employees manage money, finances, or banking (especially after hours), it is important to change routines frequently during the holiday season. Burglars and thieves typically target employees when they are most vulnerable, such as at nighttime or when they are alone. Always ensure that your employees have someone with them whenever they are handling sales or funds during the holidays.
Lock Up Valuable Products
If you display high-value products in your store during the holiday season, it may become a target. However, if your most valuable goods are locked away behind glass or on another secured display shelf, criminals are less likely to make an attempt to steal the items.
Installing Security Cameras
Installing a business security system is highly recommended for any kind of business location. Even after the holidays, security cameras can provide you with a sense of calm, knowing that you are able to monitor all actions and interactions that occur in your business or on your property (even when you are off-site). With monitoring in real-time, you can also reduce the risk of internal theft by employees or make sure your employees are protected from external threats.
Benefits of Business Security Systems
Security systems for businesses offer numerous benefits that extend beyond the ability to monitor customers and employees in real-time.
When customers and employees know there are cameras recording them while in your place of business, they are less likely to commit theft or any other crime. Cameras can also deter potential thieves and burglars from targeting a location, as it is not often worth the risk to criminals.
Protect Employees and Customers
Having a security system in your business can provide additional protection for both employees as well as customers. As a business owner, you can get to the bottom of any issue by recalling incidents that were captured via your security cameras.
Keep a Record of Interactions
Keeping a log of all interactions that occur in your place of business can come in handy for future potential disputes or claims.
Investing in security systems for business organizations and retail stores can help prevent your company from becoming a target, especially during the holidays. With security cameras in place and the right monitoring software, ensure that your place of business is safe, protected, and as secure as possible year-round.
Talk to the business security system experts at HIG and schedule a no-obligation assessment today!