Business Protection: Preventing External Theft

There are 2 types of theft when it comes to your business. These are external and internal theft. External theft is when it is committed by someone outside of your business. This can either be by customers shoplifting, break-ins by thieves, or fraudulent returns by scammers. On the other hand, internal theft is committed by someone within your business. From employees stealing your inventory, or embezzlement from within. Do not fall victim from these activities. Below are steps on how you can avoid external theft.

Train your employees

Your employees are key in policing and guarding your goods. It all starts with proper training. They need to know how to handle the floor, especially when things get disruptive. How to be attentive and keen at all times. They should always keep an eye around for suspicious activities. Always being responsive and alert will deter shoplifting. Proper training will not only result in less theft, but better customer service as well.


Secure your premises

Hiring security especially if your goods are high priced is always a good idea. Install mirrors around corners.  Having security cameras around your premises will also help deter. The main idea here is that you have full view of your premises and the goods that are in it.  It also helps to show people that they are being watched. Make the mirrors and cameras visible. You may also put up warning signs that there is surveillance in the premises.

Make sure entrances and exits are secured and locked properly during off hours. You may want to cover display windows and remove valuables from view when closed.
 

Do not be predictable

Avoid being predictable for the different activities that you do. Especially activities concerning payments and deposits. When transporting money to the bank, make sure you do it at different times of the day.  Avoid banking in the evening. If you do not do this everyday, do it at different days in a week as well. Take different routes to the bank and avoid back-alleys and known dangerous streets.


Keep track of your inventory

Implement a system for your inventory. It is important that you always keep track of your inventory. It does not have to be an expensive system, but find one that works for you. If you find any discrepancy, always investigate.

Protecting your business from loss due to theft increases your profits. The less you lose, the more you can sell.  Protect your investment by getting the right coverage in cases of loss. At Insurance Services of the West, LLC, we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at (425) 681-0996. Get your free quote today by CLICKING HERE.