Four Ways Businesses Can Lower Insurance Rates

Costs are important for businesses of all shapes and sizes. One important way businesses can save money is on insurance rates. In fact, these four changes for your business can net big savings over the years from insurance providers.

Conduct On-Site Security PatrolsHire law enforcement officers to patrol your property during hours when your business is not operating or when it operates with minimal staff. The more eyes and ears you have looking out for what’s going on in the workplace the better. Trained eyes and ears, though, are better still. That’s why it’s so important to go with actual law enforcement officers rather than hiring someone who doesn’t have the rigorous training and experience law officers bring to the table.Insurance companies appreciate the fact that you’ve taken effort to secure your property after hours and will adjust your rates accordingly.

Install Security System and Surveillance CamerasThis shows would-be thieves and security companies alike that you are taking the security of your business seriously. That’s something insurance companies love to see. Prevention, after all, is the best cure, and state of the art security and surveillance systems play their own roles in helping to prevent crimes from occurring on your property.

Don’t forget to use surveillance and security systems to explore the possibility of internal theft and wrongdoing and not merely external threats.

Use Strategic Exterior LightingEliminate shadows and hiding spots around the exterior of your business. The more light you shed on the situation, the fewer places the bad guys have to hide. While you’re at it, clear out trees and other items that could be used to shield people attempting to break in, steel, or vandalize your business property. This includes heavy equipment, pallet stacks, and dumpsters. Insurance companies that see you making efforts to reduce the appeal of your business as a target to thieves and vandals often reward your hard work with lower insurance rates as your business now poses a lesser risk to them.

Invest in a thorough Security AuditUse law enforcement officers to come in and check out your current security measures and protocols to point out signs of weakness. Whether it’s windows and doors that provide a weakness in your security measures or employee practices that make your business vulnerable, a complete audit will find the weaknesses and help you come up with alternatives to get rid of them completely.

These ideas are a few small things even small businesses can do that will help you curb the costs of your business insurance. Don’t forget to ask about discounts when discussing your insurance needs with your agent. Sometimes your agent can help you come up with even more ideas for bigger savings.

LawMan Security & Consulting is the Tri-State area's real professional security company staffed exclusively by active-duty law enforcement officers. Law enforcement training by LawMan Security & Consulting provides law enforcement officers and first responders with the skills required during emergencies. To learn more, Visit us at Realpolicerealprotection.com.