How Physical Security Measures Can Save You Money

Investing in physical security measures can be a significant expense for businesses, but it can also prevent unplanned expenses and financial losses in the long run. Physical security refers to the measures taken to protect a physical location, such as a business premises, from unauthorised access, theft, vandalism, and other forms of harm. While physical security measures may include anything from security guards to access control systems, all these measures have one goal: to prevent unauthorised individuals from accessing your business and its assets.

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Preventing Theft

?One of the most significant ways that physical security can prevent unplanned expenses is by preventing theft. Theft can come in many forms, such as shoplifting, burglary, and employee theft. According to a 2019 report by the National Retail Federation, retail businesses lost over $61 billion due to theft in 2019 alone. This figure does not account for the costs associated with the loss of time, productivity, and customer confidence that often result from theft.

?Investing in physical security measures such as surveillance cameras, access control systems, and alarm systems can help prevent theft. Surveillance cameras can deter potential thieves from attempting to steal from your business. If a theft does occur, the footage captured by the cameras can be used to identify the thief and potentially recover stolen goods. Access control systems can limit the number of individuals who have access to sensitive areas of your business, such as stockrooms and offices, reducing the risk of internal theft. Alarm systems can alert authorities and your security personnel in case of an attempted theft, ensuring a quick response time and potentially preventing the theft from occurring.

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Preventing Vandalism

?Vandalism can also cause significant financial losses for businesses. Vandalism can include anything from graffiti to destruction of property. Repairing the damage caused by vandalism can be expensive, and it can also harm your business's reputation.

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Investing in physical security measures such as security cameras and patrols can help prevent vandalism. Security cameras can capture footage of vandals in the act, allowing you to identify and prosecute them. Security patrols can also deter potential vandals from targeting your business by ensuring that there is a visible security presence on your premises.

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Preventing Workplace Accidents

?Workplace accidents can also be a significant source of unplanned expenses for businesses. Workplace accidents can result in injury to employees, damage to property, and lost productivity. According to the Occupational Safety and Health Administration (OSHA), businesses spent over $1 billion per week on workers' compensation costs in 2019.

?Investing in physical security measures such as safety barriers, signage, and training can help prevent workplace accidents. Safety barriers can prevent employees from accessing dangerous areas of your business, such as loading docks or machinery rooms. Signage can alert employees to potential hazards, ensuring that they take appropriate precautions. Training can teach employees how to safely operate equipment and how to respond in case of an emergency, reducing the risk of accidents occurring.

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Reducing Insurance Premiums

?Investing in physical security measures can also help reduce your business's insurance premiums. Insurance companies consider the level of risk associated with a business when determining their premiums. Businesses that have implemented physical security measures are seen as lower risk, and insurance companies are more likely to offer them lower premiums.

?Insurance companies may require businesses to implement specific physical security measures to qualify for lower premiums. For example, an insurance company may require a business to install surveillance cameras or access control systems to qualify for lower premiums. Implementing these measures can not only reduce your insurance premiums but also prevent unplanned expenses that may result from theft, vandalism, or workplace accidents.

?Investing in physical security measures can prevent unplanned expenses for businesses. Physical security measures can prevent theft and vandalism. If you want to learn more about how to deploy physical security, then please visit https://school.mydiqual.com for certified online training courses. Invest in your security.