According to the U.S. Chamber of Commerce, crime — from burglary and shoplifting to fraud and embezzlement — plays a role in up to 30% of business failures. To help protect your company (and keep your insurance costs under control), use this checklist. For more information, see Crime Prevention Strategies for Businesses.
Employees:
- Do background checks on all applicants.
- Train employees on safe opening and closing procedures.
- Instruct staff on what to do in case of robbery and make it clear they should never endanger themselves by trying to protect money, property, or other valuables.
Money:
- Keep the amount of onsite cash to a minimum; make bank deposits daily and vary your times and routes to and from the bank.
- Skim cash drawers throughout the day so large amounts are not kept in registers.
- Check cash register receipts against deposits daily to reduce the threat of employee dishonesty.
- Immediately mark any checks received as “For Deposit Only.”
Property:
- Make sure all doors are locked during non-business hours.
- Keep rear doors locked from the outside at all times by installing panic locks; do not use padlocks.
- Keep the interior and exterior well lit during non-business hours.
- Have a safe on site to store small amounts of cash, important documents, or other valuables, and change the safe’s combination periodically.
- Install security cameras covering entranceways and cashier areas.
- Set up a perimeter security system with signage to warn would‑be criminals that the property is protected.
Our experts stand ready to review your security procedures at any time. To compare coverage options, see Forgery or Alteration (Crime) Insurance, or talk to an agent.
Frequently Asked Questions
How often should I change a safe combination?
Change safe combinations periodically, and immediately after any employee with access leaves the company or is terminated.
Are surveillance cameras necessary for small businesses?
Yes; cameras deter theft and provide evidence if a crime occurs, especially when placed over entrances and cashier areas.
What should employees do during a robbery?
Employees should prioritize personal safety, comply with the robber’s demands, and report details to police as soon as it is safe to do so.