How can you prevent crime in your business?

The reputation of your business is built on the trustworthiness of your staff and how you treat clients. Owning a business involves staying vigilant about preventing business crime and protecting your information, your clients and your staff. Reduce the chances that you or your clients will be victims of crime with the following measures.

Run security checks on staff

It’s now an accepted hiring practice to run potential new employees through a security check. Someone looking to commit fraud will do their best to appear trustworthy and honest and will often provide glowing references and a squeaky-clean resume.

Many businesses and human resource firms provide this service for a reasonable fee and will include extras like reference checks and resume experience verification.

Restrict access to credit and debit card terminals

If you have a restaurant or retail store, don’t keep your credit card terminals within easy reach. For example, don’t keep credit card terminals at the hostess station directly in front of the door to your restaurant. Lock them up when they’re not in use.

Install a good inventory control system

The tighter your inventory control procedures, the less likely it is that you’ll find a product mysteriously vanishing out the back door.

Protect your customers online

There are several ways to secure online financial transactions and customer data. Many businesses specialize in doing just this, so if you have an online store and a customer database, you should consider hiring them to consult on an online security strategy. Leaked credit card data can have a negative impact on your company’s reputation, so protect yourself and your customers.

Cyber security

Advancements in technology can make your business run more efficiently, but with every new development there’s potential for cyber criminals to attack and breach your data. Educate yourself and your staff on the most common types of cyber attacks and consider privacy breach coverage.

Install security systems

Install security systems to monitor your operations while you're not there. If someone knows they’re being watched, they’re less likely to steal.

As a business owner or manager, you’re the front line in preventing crime for your business. Business insurance and prevention can work hand in hand to protect your business from potential loss.