Your commercial insurance coverage will compensate you for most losses caused by vandalism and theft, but most business owners would prefer to avoid criminal activity in the first place. October is National Crime Prevention Month, so now is the perfect time to tighten up security and take steps toward protecting your investment. The following do’s and don’ts will help secure your business while lowering your commercial insurance premiums.

Do:

Screen your employees carefully.

The standard business insurance policy doesn’t cover losses caused by employee theft, so screen all new hires carefully. Running background checks and requesting criminal records may take additional time and money, but preventing avoidable thefts makes it worthwhile.

Track your inventory.

Knowing exactly when a loss occurs and what was taken will help you identify the problems and prevent future thefts. Fortunately, some inexpensive inventory tracking solutions make it easy to trace your products and identify discrepancies.

Don’t:

Go without security cameras.

Being able to see every area of your facility can prevent thefts and help minimize losses. Most commercial insurance providers will also give you a discount for installing high-quality security systems to deter vandals and thieves.

Go with inadequate insurance.

Many small business owners try to save money with bare-bones insurance coverage, but this choice can actually be much more expensive in the long run. Talk to your insurance agent, who will review your policy to ensure you’re adequately protected against criminal activity.

For over a century, business owners throughout Ashland, KY have relied on Charles Adams Insurance Agency to protect their investments from a wide range of risks. As independent agents, they work with over 10 leading carriers, giving them access to a variety of options to choose from. To learn more about their commercial insurance services, visit their website now, follow their Facebook for more tips and advice, or call (606) 325-9709 to request a quote.