Your place of business is the heart of your company. Whether you have chosen an open space office that promotes collaboration and creativity otherwise you need an efficient warehouse for your logistics company, the building you buy can make all the difference.
And, once you have found the perfect property to see your business thrive and thrive, it is imperative to secure the venue. After all, real estate can represent probably the most significant investments you will make when managing your business – which is why property damage can jeopardize your finances and your chances of success. Here are some strategies to implement today.
Think Cybersecurity
Data loss and theft incidents have surged during the Covid-19 pandemic, adding up to the billions lost by US businesses alone. Other issues – including phishing scams, ransomware incidents and identity theft – are just as damaging.
And, as businesses rely more and more on technology, the damage and losses related to cybersecurity incidents will continue to increase. There are steps you can take to secure assets like data and IT structures. Using firewalls, cloud systems, access control systems, and data backup strategies can help.
Install a Physical Security System
There’s no denying that cybersecurity is essential – but you should not underestimate the importance of a well-crafted physical security system. CCTV cameras and alarms can help you keep tabs on what is going on inside and outside your home, deter trespassers, and understand the dynamics of an incident.
Access Control Practice
Although no employer wants to believe that their employees are behind the incidents of theft and loss, 75% of US businesses become a victim of employee crime.
For some businesses, a no-trust policy may work. But if you want to avoid this mindset, you should at least consider implementing an access control feature. From badges to multifactor authorization systems, there are various technology strategies you can use to protect your employees, stakeholders and your business.
Stay Obedient
Maintaining compliance is important to make sure that your business doesn’t must face hefty fines. And, more importantly, practices like risk management and assessments, can help you better understand what threats are looming over your company. In turn, this can help you protect your premises and your employees.
Don’t forget that each business premise is unique. For some offices, it’s enough to assess the security and efficiency of the power outlet to suit. For other places of business, entrepreneurs need to review the security and function of machines, equipment and space.
Investing in the Right Insurance Coverage
Your place of business is where all the magic happens. And, obviously, this is where most of your employees spend most of their day. Because of this, it is necessary to protect the physical environment in the best way you can.
However, some incidents may be caused by factors beyond your control or natural disasters. In this case, a comprehensive insurance policy is what can help you recover from financial loss resulting from such an incident. Be sure to find an insurance company and public regulator which can help you get the peace of mind you deserve and maximize your claims.
