How Your Business Security Camera System Can Pay For Itself In The Long Run

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Surveillance system with excellence can set your business back a few bucks upfront, but in the long run, it could pay you back in spades. It makes perfect financial sense to savvy business owners, enabling them avoid a wide range of costs while also enhancing their business prospects.

Not only does an efficient surveillance system help preserve your assets, but it also enables you to run your business more efficiently. It can help promote accountability, customer satisfaction, as well as health and safety in your business.

Let’s take a closer look at how these surveillance system benefits can create a positive impact on your bottom line.

Increased Customer Satisfaction

When you consider the overall impact on the image of your business, a good surveillance system makes great financial sense. It speaks volumes of the level of organization in your business and promotes trust among your customers.

When your customers feel safer, they’ll be more willing to do business with you. Security cameras also help you simplify your clearance procedures, giving your clients easier and more convenient access to your business.

Your customers won’t need to queue up to sign attendance logs as their identities and times of entry and exit are captured automatically.

Enhanced Employee Accountability

About 64% of small businesses are vulnerable to employee theft. In fact, businesses with fewer than 100 employees experience 80% of all employee thefts.

The presence of surveillance cameras can also help instill a greater sense of accountability in your employees. They’ll be less likely to contemplate stealing or misbehaving because the chances of getting caught will be too high.

With cameras directly rolling on the cash register, your employees will be deterred from stealing your cash. Monitoring your inventories and storerooms also helps deter workplace theft.

And if there’s an incidence, your surveillance footage can help you apprehend suspects and resolve the crime more quickly.

Preventing Losses Efficiently

If we want to enumerate the ways that surveillance cameras help you prevent losses in your business, we might need a different post for that. To put it simply, surveillance cameras can help you set up and maintain airtight security, leaving no room for losses from theft and vandalism.

Every time your surveillance system turns intruders and threat actors away, you save thousands of dollars. On aggregate, small businesses are losing about $25,000 to $30,000 every minute to shoplifting. The U.S Small Business Administration reports that cases of vandalism costs small businesses over $3,000 on average.

Surveillance systems not only make your business a less attractive target to criminals, it significantly increases your chances of catching them in the act and thwarting their robbery attempts.

In a recent Bloomberg Business study surveying 392 restaurants, security cameras helped reduce theft by 22% while increasing sales by 7% due to bolstered customer confidence.

Enhanced Workplace Safety

On average, workplace accidents cost businesses over $20,000. From treatment costs to insurance premiums and possible accident claims, the cost of workplace accidents can quickly add up for small businesses.

But with well  monitored camera footage, especially around hazardous places, you can prevent accidents that are about to occur. Your employees and visitors will be less likely to flaunt safety procedures or act in an inappropriate manner that puts them at risk of accidents.

And in cases where accidents do occur, your surveillance footage can help determine liability and prevent false claims.

Your surveillance footage can also help you learn a lot from accidents to craft better safety policies that’ll prevent accidents from reoccurring.

Reduced Premium Costs

A safer environment attracts less insurance premium costs. Most insurance companies actively encourage customers to have fully operational surveillance systems. They are offering 5% to 20% discounts on policies with security cameras in place. In some cases, providers offer even more incentives the more sophisticated the surveillance system is.

These incentives make a whole lot of sense. As considering that businesses with surveillance systems are three times less likely to file for theft claims. With a wellrounded system, your insurance company will appreciate the extra effort you’ve put in place to enhance security and prevent losses from theft.

Prevent Fraud and False Claims

On average, liability claims cost small businesses some $25,000. False claims and other types of frauds can prove even costlier. However, security cameras can help you nib these frauds in the bud. Surveillance systems can help you prevent these frauds from happening in the first place and also make it easier to squash those in full swing.

You can easily provide evidence to quickly resolve false claims and avoid the cost of litigations drawn out unnecessarily.

Easier Access to Records of Business Activities

Security camera

Lastly, security cameras can help you keep close tabs on everything happening in your day-to-day operations. With these comprehensive records, you can mine valuable insights to improve your business.

For instance, you can increase sales by repositioning products on display in line with customer movements and traffic patterns around your premises. You can also tweak various aspects of your customer service based on observed customer behaviors.

You can also track the movement of inventory in and out of your business. Monitoring your inventories can help deter theft and wastage in your workplace.

Invest in a Well-Rounded Surveillance System Today

Now you know why a surveillance system is one of the best investments you can make in your business. It could pay for itself and continue paying over the long run. Altogether, it can help you save tens of thousands of dollars from losses from insider and outsider theft, accident claims, false claims, frauds, and high insurance premiums.

You need to make surveillance systems an important part of your long-term business growth plans today. You never can tell how many mishaps you could prevent with them.

At Aclarity, we can help you assemble and run a well-rounded surveillance system allowing you to enjoy all these benefits. We’ll help you create and implement a surveillance plan tailored to your unique business needs.

Reach out to us today and we’ll be glad to fix up a convenient consultation.

 

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