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Jeff Grant's Retail Blog

Theft is on the Rise - Are You Protecting Your Business?

Written by Jeff Grant, January 6, 2009

Looks like retailers are not only selling merchandise at deep discounts - they’re also getting hit with record breaking thefts from burglaries. This store in Utah was stripped to the walls with the thieves grabbing everything including the security tapes.

The merchant had to let 9 employees go and close the shop. So how do you protect yourself?

1) Make sure your insurance covers both theft and business interruption.
2) Have a security consultant analyze your shop. How easy is it to break in to? Do you need additional alarms, security gates, etc.?
3) Assess how vulnerable you are to employee theft.

These are tough times, and with home and car burglaries also soaring don’t let your business falter by becoming a victim.

What steps are you taking right now to further protect your business?

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