When you’re running a small business, making ends meet can be tough, so luxury expenses fall by the wayside. Maybe you don’t need a new cash register after all. The bathroom remodel can wait for another year.
But one item is often called a luxury when it’s really a necessity: a small business security system. In fact, having a security system can actually save you money in the long run. Here’s how:
Benefits of a Small Business Security System
There are countless ways a security system can benefit your business, depending on the features you choose. But here are some of the most fiscally helpful reasons for a security system:
Reduce Losses from Burglaries
This is the most obvious benefit of a small business security system. Cameras and other security features are deterrents for would-be burglars.
According to the FBI, the average loss from each burglary is $2,119. At that rate, a security system can pay for itself in spades.
Even if you do become a victim of theft, a security system can reduce your losses. Video surveillance makes it more likely that the police can catch the offender(s). If they do, you may be able to receive restitution.
There’s another added perk to this lower crime risk, too: your customers will notice it. Security cameras make customers feel safer in your business. Ultimately, this can give you more business as they’ll choose to shop with you rather than a less secure competitor.
Faster Emergency Response if Necessary
If you do get burglarized, having an alarm button can make all the difference in the result.
Imagine that your business is being robbed. Your employees would need to wait until the thieves leave to call 911. Through their shock, they would struggle to give the address and explain what happened. By the time the police arrive, there’s no trace of the burglars.
If you have a quick-trigger alarm, though, the police can be on their way the second the robbery begins. They may even arrive and catch the burglars before they can escape.
Controlled Access Saves on Locksmith Services
If you have a traditional lock and key, you need to have the locks changed every time an employee leaves or is terminated. These costs add up quickly, especially if you have high turnover.
But if your small business security system includes a controlled access door, these expenses are gone. Each employee can have their own code. When you have turnover, simply deactivate the ex-employee’s code at no cost.
Protection Against Liability Fraud
It’s no secret that there are fraudsters who will fake an injury to sue a business. Video surveillance is your best defense against this problem.
Whether it’s an employee or a customer, a video security system will show you exactly what happened. If the claim is legitimate, you can resolve it quickly rather than spending money investigating. If the claim is fraudulent, you have definitive proof.
Lower Insurance Premiums
Insurance companies recognize the many costs a security system saves. That’s why many of them offer insurance discounts for security systems.
In some cases, these discounts are enough to pay for the security system over time. But each insurance carrier is different, so check with yours to find out if you could be saving money.
Start Saving with a Small Business Security System
Every small business owner asks, “Can I afford to get a security system?” With all the costs above that you risk without one, can you afford NOT to have a security system?
If you’re in the York, PA area, contact our security team to find out how you can secure your company and your savings now.