After our company headquarters was robbed for the fifth time, I decided we needed to do a little better at bolstering security. Instead of relying on a few measly cameras and a security guard that was distracted most of the time, we installed a state-of-the-art security system and focused on eliminating inherent security threats. It took a lot of work, but after a few weeks we could tell that our efforts were really helping. We were able to thwart a potential robbery, which made me feel better about the investment. Check out this blog for more ideas on improving your business security.
Commercial security camera installations are one of the most effective ways to enhance the level of security in your business. However, many business owners fail to realize that installing a security camera system in a business premise provides several additional benefits to your business in addition to improving security. Thus, if you are wondering which additional benefits your business can enjoy by installing a security camera system, here are four other benefits you should know about.
Preventing Employee Theft
As mentioned earlier, installing security camera systems is critical for improving your business's security. However, many business owners only think about burglaries and break-ins when installing security cameras and thus neglect to consider the possibility of theft from employees. However, it is essential to note that it is estimated that businesses lose up to $50 billion a year due to employee theft. Thus, your business is more likely to incur significant losses from internal theft by employees than burglaries.
One of the main reasons employees may dare to steal from your business is the lack of surveillance inside the premises because most security cameras are often installed outside the premises. Thus, by including interior security cameras, you can monitor your employees at all times. When employees become aware that the business is under surveillance from security cameras, they get discouraged from stealing. Thus, a commercial security camera installation project can prevent your business from incurring losses derived from employee theft.
Reducing Insurance Costs
As a business owner, it is highly advisable to purchase insurance coverage for your business. Thus, in the event of a burglary, the insurance policy can help you get back on your feet when you claim the insurance settlement. However, many business owners get discouraged from taking up insurance policies for their businesses due to the expensive premiums they have to pay every month. Nonetheless, it is essential to note that insurance companies usually consider the level of security at your business premises when determining your insurance premiums. Therefore, by improving the security level in your business by installing security cameras, you can enjoy reduced insurance premiums. Thus, installing a commercial security camera system on your business premises will enable you to negotiate lower insurance premiums and help you save money on insurance costs.
Avoiding Fraudulent Workers' Compensation Claims
If you have employees working for you, it is essential to note that you can be held liable to compensate any worker who gets injured while on the job. However, there are cases where employees commit fraud by falsely claiming they got injured at work to get compensated. In truth, most of the worker's compensation claims filed are genuine. However, it is estimated that about 1% to 2% of the total worker's comp claims filed are usually fraudulent. Thus as a business owner, it is advisable to avoid getting scammed by an unscrupulous employee for compensation. One of the ways to prevent your business from compensating a fraudulent employee claim is via commercial security camera installations.
A security camera system enables you to record everything that happens on your business premises. Thus, if an employee claims they got injured while working, it is easy to find proof of the claim from the security videos. Additionally, if the employee is claiming worker's compensation fraudulently, you can easily find evidence on the security camera footage to expose their lies and avoid paying a hefty compensation.
Preventing Employees from Slacking At Work
Some employees take advantage of the fact that a supervisor, employer, or manager cannot monitor them physically at all times. As a result, when the employees realize they are not being supervised, they start to slack off on their duties by taking naps, taking extended smoke or lunch breaks, and even halting their duties to chat and fool around. Neglecting such behaviors can quickly diminish the productivity of your business and thus reduce your profits in the long run. Therefore, it is essential to take various measures to prevent such behaviors from becoming a norm in your business.
One of the best ways to prevent your employees from slacking on the job is via a commercial security camera installation. When you install security cameras, they provide you with a platform for remotely monitoring and supervising the workflow around your business. Thus, it is pretty easy to notice when your employees start slacking off and reprimanding their slacking immediately. Thus, a security camera system can help you ensure that you are not paying your workers a full day's wage when they spend most of the time slacking off.
Contact a local security company to learn more about camera systems for businesses.
Share5 January 2022
