According to centinisecurity.ca, you can quickly provide high-quality protection for your business. You only need to know the best ways to do so, whether your company is new or has operated for many years. Below are this business security systems brand’s recommendations for how to protect your business in three simple steps.
Why Protect Your Business in 3 Simple Steps?
Proper workplace security, such as having quality business security systems in place, is critical for minimizing your organizational risk. The same is true for disaster mitigation and adequate insurance coverage. These three elements help you prepare for unexpected issues many business owners face. Not having a plan or considering these needs can result in catastrophic losses.
Below, we help you prepare for a wide range of risks. Some of these include:
- Natural disasters like floods, earthquakes, tornadoes, and hurricanes
- Robbery
- Forgery
- Computer piracy
- Accidents and injuries
- Embezzlement
While no business owner wants to experience these problems, they are all too common. In fact, you can expect that a natural event, employee theft, accident or other issues will arise in the course of your business’s lifetime. While you cannot control these behaviors or prevent all of them, you can reduce your risk. Simply follow the steps below and get prepared.
Step One: Identify Your Risks
Your business is likely somewhat unique. This means you have risks specific to the type of work you do or the service you provide. You also have a risk according to the company’s age, location, and size. Some common risks for businesses include:
- Property loss caused by pandemic, storms, fire, utility outage, crime, or other unforeseen business interruption
- Injury to an employee, service provider, or customer
- Employee sickness, disability, or death
- Security breaches from hackers or ineffective processes
- Community or industry-based economic or legal issues
The 2020 pandemic is an excellent example of a risk no one saw coming. Many businesses were not prepared for the long-term closure of their operations and other hurdles we faced. As a result, at least one in six companies are expected to close their doors permanently.
The best means of identifying your company’s risks is in discussing these issues with your workers, insurance agent, commercial security expert or risk management professional. Talk with them about risks that have occurred in your industry or region, and the likelihood of future occurrences. Determine what costs of recovery would be for your company, if you can even recover, at all. Use this information to execute a plan for protecting your business.
Step Two: Create a Plan
As the step above infers, you need to create a plan after learning about your potential risks. This plan should address your potential solutions or how you will cope with the problems. Consider the inclusion of these parts in your planning:
- Insurance review, selection, and purchase, such as general liability coverage for on-premise customer or employee injuries
- Commercial security system installation and appropriate staff training for its optimum use
- Health and safety policies and procedures written and implemented to protect employees
- Premises accident exposure limitation through routine preventive activities like snow shoveling, salting of sidewalks, and presence of fire extinguishers
- Business data back-up and storage to protect against loss due to cyber attacks, hackers or other data breaches
- Employee background checks before hiring
- Routine equipment maintenance as directed by equipment manufacturers
- Premises maintenance to keep the area clear of clutter
- Employee education in policies and procedures, as well as ongoing task training
Step Three: Ongoing Business Protection and Plan Review
Never implement protections or plans without consistently reviewing them. You need to review your business security or protections at least once every six to 12 months. Drill your employees as part of these reviews and mandate specific training with measurable requirements. Also, keep your insurance policies up-to-date as the company evolves and grows.
It only takes these three steps to protect your business. Unfortunately, too many companies fail to even perform these simple tasks. You deserve the peace of mind about your organization, its assets, and the people involved. Preparation provides this peace, along with safety, security, and healthy growth.
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