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Written by Adam Miller
How To Combat Internal Theft of Commercial Property

Businesses of all sizes and industries face the frustrating problem of theft, whether it's raw materials, money, inventory, tools, company vehicles, equipment, furniture and appliances, or even financial information or sensitive customer records. Many of these crimes can be traced back to individual criminals or gangs that focus on theft. However, a growing number of business owners are discovering that the people targeting their company and stealing their commercial property are often their own employees and vendors. In today's blog post, we'll look at three strategies companies can adopt to combat the problem of internal theft of commercial property.

Create An Inventory

One of the primary reasons why an employee might attempt to steal company property is the belief that the company won't miss the stolen assets. Companies that have a variety of assets such as tools, raw materials, equipment, and inventory can benefit greatly from creating an inventory system of all their property to help account for all their assets and to deter possible internal theft. For example, computer equipment such as laptops should be labeled with barcodes, and should be set up for location tracking in the event they are lost or stolen. An updated and thorough inventory can help reduce internal theft and can also benefit companies with insurance claims in the event of a disaster when assets are lost or damaged.

Secure Assets Behind Locked Doors

Too often, company management can be a little too lax regarding the security of their assets and important property, especially when there is cash or portable electronics unsecured. They might incorrectly assume that as long as only employees or vendors can access their property that it will be safe. Sadly, this is not the case. A good way to reduce potential theft is to ensure that all valuable property and materials are secured behind locked doors or stored in monitored storage areas. This can help prevent an employee or even a vendor from walking out with a company smartphone, television, financial records, valuable artwork, or other commercial property.

Install Security Systems

Finally, companies can significantly decrease the opportunity for internal theft by having security systems installed on their commercial site. These security systems can include video monitoring inside and outside the property to help identify any trespassers and thieves, and can also notify authorities in the event doors, windows, or exits are broken or compromised.

While no company can ever fully prevent internal theft, these few proactive steps can go a long way in protecting commercial property and reducing potential Commercial Property claims. Another way companies can protect their assets is to contact Aegis Insurance & Financial Services about our full range of top quality Commercial Insurance policies. Aegis offers Business Owners Policy, Commercial Property, Commercial Auto, Workers Compensation, General Liability, and Excess Liability coverage. Contact the friendly and knowledgeable team at Aegis at 713-850-7622 for more information, or fill out our online form to request a free quote today!

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