As a business owner, you’ve worked too hard to let your business fall victim to theft. Losses from theft are one of the biggest reasons small businesses struggle, and no business is immune.
Don’t wait until it’s too late to protect your investment and your future. Below are 4 business theft statistics you can’t afford to ignore.
Small businesses lose between $25k to $33k every minute to theft.
The average shoplifting case for retailers totals approximately $50, which may not seem like much, but when you add it up you’re looking at as much as $18 billion in retail losses annually.
64% of all small businesses fall victim to theft…from employees.
Unfortunately, one of the biggest threats to a healthy bottom line is employee theft. In fact, a staggering 95% of employees admitted to stealing from their employer according to a survey conducted by Kessler International. So, if you’re thinking your company is the exception, it may be time to think again.
Businesses are four times more likely to be burglarized than homes.
Believe it or not, your business is a much more tempting target to thieves than your home. According to a West Bend article, burglaries occur approximately every 10 seconds, and only 1 out of every 6 cases result in an arrest.
When you think about it, It’s easy to see why your business is vulnerable. Consider the type of electronics and other equipment used in businesses, not to mention any cash on hand and retail product. A business burglary is likely to result in a bigger profit for the burglars than your typical residential smash and grab.
So, what can you do?
While these statistics are alarming, there’s no reason you need to be a sitting target. You can take action to protect your company and discourage any would-be thieves. There are a number of security systems that can be customized to meet your needs and the needs of your business. While video surveillance is a common solution, additional security measures such as access control systems can give you the additional peace of mind you need. Access control systems require anyone entering the building to scan a card, key fob or even a fingerprint.