Insurance broker advice as two thirds of small businesses fall victim of crime

Towergate Risk Solutions today urges small businesses to consider taking additional measures to protect their business. This follows a report by the Federation of Small Businesses (FSB) which revealed that over the past 12 months more than two-thirds of small businesses have been a victim of crime costing them up to £3,000,.

More than two-thirds (64%) of small firms have had a crime against their businesses costing each on average £2,900 and worryingly, more than a third (39%) of small firms do not report such crimes - showing that not much has improved over the past two years.

The report, ‘Localism and tackling crimes against business', statistically shows some of the reasons why small firms have not been reporting crime: nearly half (46%) said they didn't think it would achieve anything, a third (34%) thought the police would not be able to succeed in prosecution and a quarter (25%) said they thought the police just would not be interested.

Mike Cherry, Policy Chairman, Federation of Small Businesses, said, "Small businesses are the heart of our local communities, and a crime against a small firm is not just an attack against that business but it affects staff and has repercussions on the wider community. With two-thirds of businesses still a victim of crime, the Government needs to step up and engage with this important sector of the community."

Jonathan Walker , Managing Director of Towergate Risk Solutions  said, "Crimes committed against businesses can have a very high cost and can be the difference between staying solvent and going out of business. Valuable stock and equipment are lost, premises are damaged and staff morale can be affected. So small businesses should focus on protecting their business assets by considering the following measures:

1.  Check if your business is in a high risk crime area. Most police websites now provide details of where crime is most prevalent in your area.

2.  Alarms help to secure a building by alerting you, your security company or the police to the presence of intruders. They can also deter would-be intruders from attempting to enter the building in the first place. Alarms must be fitted to standard BS EN 50131-1, using British Standards scheme document PD 6662.

3.  Ensure that mortise locks on timber perimeter doors are 5 lever mortise deadlocks conforming to BS3621 and windows are fitted with suitable window locks. Vulnerable doors or glazing should be protected by bars, grilles or shutters, where practicable complying with Loss Prevention Certification Board Standard LPS1175 and of a security rating appropriate to the perceived theft risk.

4.  Closed Circuit Television (CCTV) uses cameras to provide visual monitoring of your premises and can provide coverage of the interior and/or external areas. Systems can be used simply to record events on site and act as a visual deterrent or can be monitored remotely by a security company or a member of staff to proactively identify unauthorized access or activity at the premises.


Media Contacts

Russell O'Connor

Group Communications Manager

Towergate

Mobile: 07760 282586

Email: Russell.o'connor@towergate.co.uk