While the obvious benefit is in reducing the risk of crime on your business premises, there is a particularly significant advantage to investing in security services. That is, the possibility of reduced insurance premiums. Here are three key ways in which security guards can reduce your business’s insurance premiums.
Security guards reduce the risk of vandalism, burglary and theft
Enhancing security in your business shows that you take security seriously and that you have already conducted a thorough risk assessment to reduce the risk of vandalism, burglary and theft. This can be done through CCTV, manned surveillance, mobile patrols or thermal imaging cameras – all of which are extremely deterrent to crime. Along with the security services, you will also have clear signage, which acts as a further deterrent to possible crime. Less crime means less claim for damages from your insurance provider. This is why security guards will have a positive impact on your premiums, as all of this is taken into account.
Improved fire safety
A useful advantage of having trained security guards at your facility is their ability to alert the local fire department to any fires that may break out in your business. This fast response time will dramatically reduce the damage that a fire can cause. It is clear that this affects the cost of insurance to your advantage.
Reduced claims reduce the risk of cost increases
Premiums increase if you ask for some compensation and especially if the cost of this claim is significant. If you have a trusted security provider and you do not need to claim theft or damage, then it is unlikely that your insurer will increase the cost of your insurance while keeping the costs reasonable within your original budget.
You may be surprised to hear that you could save up to 20% on your business insurance costs by investing in reliable and effective security services. For more information on how we can work together, do not hesitate to contact a member of our team.
Alternatively, if you want to advance your career in the security industry, check out the “Career” section on our website or email us an updated copy of your resume. We invest constantly in training and we work hard to support our staff. We look forward to meeting you.