Small businesses: crime statistics you need to know and the top tips to protect your business

As a small business owner, it’s easy to get caught up in the day-to-day running of your business.

However, it’s important not to overlook the unexpected. From theft to break-ins, protecting your business is always a top priority. In this blog, we’ll be sharing the latest data and explore some practical steps you can take to safeguard your property.

Crime against businesses: 2022 commercial victimisation survey findings

Before we dive into the practical steps, it is important to dive into the latest statistics.

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According to the government survey, an estimated 28% of all small businesses were victims of crime. The most prevalent of which was theft (11% of premises).

  1. Premises with public access are 12% more likely to experience crime
  2. Businesses in urban areas are 3 times as likely to experience crime
  3. 42% of properties in wholesale and retail sector experience crime
  4. 65% of targeted businesses experience crime more than once
  5. 45% of victims reported a financial loss to their business

It’s important to note, the relationship between the likelihood of being a victim and these statistics are extremely complex but taking a risk assessment and identifying potential dangers i.e., access points and security weakness can mitigate financial losses.

With that in mind, let’s explore some actionable ways you can safeguard your business.

How to improve business security

Statistically the most common forms of crime preventative measures are working alarm (73%); security windows or door locks (66%) and external CCTV (63%). However, these aren’t the only steps you can take in crime prevention.

Below we’ve listed our top tips to protect your business.

As mentioned, a comprehensive security system is a must-have for any small business. It can include cameras, alarms, and access control systems to ensure that your premises are well-protected.

Educate your employees on how to identify suspicious activity and what to do in case of a security breach. Conduct regular training sessions to keep them aware and prepared.

Protect your business from cyber attacks by implementing strong passwords, updating software regularly, and investing in security software. Ensure any computers or paper documents are out of sight and reach.

Limit access to sensitive areas such as the server room, cash register, and inventory storage to authorised personnel only. This will reduce the risk of internal theft or sabotage.

A well-lit property is less attractive to criminals. Install motion sensor lights around the exterior of your building to deter intruders.

In conclusion, small businesses owners face many challenges when trying to keep their business and property safe. However, by taking the necessary steps, you can significantly reduce the risk of theft, vandalism, and cyber-attacks.

Installing a comprehensive security system, training your employees, protecting your digital assets, controlling access to sensitive areas, and keeping your premises well-lit are all effective ways to protect your small business. By implementing these top tips, you can not only safeguard your assets but also provide peace of mind for yourself, your employees, and your customers.

Remember, prevention is always better than retrospectively find a solution when it comes to protecting your small business, so don’t wait until it’s too late to take action.