The losses experienced by American retailers due to theft and robberies have been gradually increasing since 2014. The National Retail Federation estimates that store theft incidents currently account for more than 50 billion in annual losses. This loss amount becomes even more disheartening when adding liability situations such as customer injuries, conflicts between staff members, vandalism, fire, and accidents.
The costs associated with providing security tend to give business owners pause, but the current liability and risk climate in the Bay Area certainly merits paying attention to this important business process. For many companies, the business expense of hiring on guard security in Hayward can turn into overall savings.
Deter Graffiti Artists and Vandals
Many business owners prefer to paint over graffiti rather than repeatedly file liability claims each morning they discover something spray-painted on their walls. The costs of this constant remediation can quickly add up, and the same goes for minor and cosmetic damages caused by vandals. These issues can get even more expensive when damages are caused to vehicle fleets or to the cars of customers who park in lots provided by companies. Vandalism and graffiti can be sharply reduced by the presence of security guards.
Retailers are not the only business owners who can realize savings when they hire security in Hayward. Any business that keeps a substantial amount of cash in a register or safe is at risk of being robbed. Cannabis dispensaries are particularly vulnerable since customers tend to pay with cash. Medical and dental clinics face a different type of risk. For example, in Texas police detectives have been investigating an organized group dedicated to robbing clinics and stealing data that can be used for identity theft purposes, which might in turn lead to fines and lawsuits. The bottom line is that preventing such situations saves money.
Lower Insurance Premiums
In many cases, insurance companies offer nice discounts on policy premiums to business owners who keep security guards on premise. The types of companies that stand to save the most on insurance policy premiums include nightclubs, banks, gas stations, auto dealerships, and convenience stores.
Increase Employee Focus and Productivity
Security incidents in the workplace tend to result in a loss of morale and productivity, which often leads to economic losses and unrealized revenues. Employees who work at companies where security guards are posted tend to feel safer and focus more on their duties. Furthermore, they are less likely to escalate personal conflicts into fights. Another advantage in this regard is that employees do not have to worry about security matters when they know professionals are taking care of that business process. For example, employees do not have to review surveillance video recordings after an incident.
If you need mall security in Hayward or professional guards for another type of business, reach out to ADS Guards. We have been serving the Bay Area for nearly twenty years. Give us a call today at 1-800-794-1550 for a free quote.