After all of the hard work, time, and financial resources put into launching and growing your business, you want to protect it from theft. Insurance providers say there are several proactive steps entrepreneurs can take to keep their operations intact. Here are some helpful do’s and don’ts to consider.

Do:

Conduct background checks on new employees.

Screening potential employees helps managers make an informed decision during the hiring process. Background checks can reveal if a person has been convicted of any criminal activity, including identity theft and burglaries. The information is considered public record and employers have a right to access it before offering the job to an applicant. Keep in mind, some insurance policies may not cover losses from employee theft.

Install security cameras throughout the buildings.

This is an effective way to monitor who is entering and existing buildings and parking lots. Insurance providers recommend installing cameras as a deterrent for potential thieves. Be sure to include surveillance systems in vulnerable spots such as stock rooms.

Implement a zero-tolerance policy for employee theft.

Make all staff aware of your policy for employee theft prosecution. This includes criminal charges and paying restitution for stolen merchandise. Put the policy in writing and make sure everyone has a copy. Post the information so that employees are reminded of the consequences of engaging in criminal activity.

Don’t:

Forget to secure adequate business insurance coverage.

It may be tempting to forego having business insurance. The danger is if your building is burglarized, you’ll have to pay out of pocket to recover. This includes buying more inventory, repairing damaged windows, doors and other structures. A professional and experienced insurance agent can help determine which type of coverage is best for your business.

Leave large amounts of money in cash registers.

Would-be thieves may see the cash and make an attempt to swipe it. Arrange for managers to collect overflow from cash registers, especially during heavy sales periods. This practice should especially be followed during the Christmas holiday season, when more people are shopping.

Allow employee access to all areas.

Restrict access to inventory rooms and cash areas to managers and a few trusted employees. Implement restricted room systems that require passwords and key cards for entry. Change all passwords and key cards when an employee leaves or is fired.

Protecting your business from theft is important to minimize financial losses. Should break-ins and other criminal activities occur, having the proper business insurance in place can help with recovery. Comaltex Insurance Agency in New Braunfels, TX, is the area’s premier source for affordable and comprehensive coverage. The team of friendly agents will gladly create a customized plan designed for the unique needs of your business. To get started, call (830) 625-7511 today. Visit the website to request a free quote and see a list of the leading insurance providers the agency works with.