Three Ways Security Guards Can Reduce Insurance Premiums

Three Ways Security Guards Can Reduce Insurance Premiums

Investing in a security presence at your business can be a costly decision depending on your needs and therefore it’s worth weighing the pros and cons so you know the decision you come to is a sound one. Whilst the obvious benefit is reducing the risk of crime at your business premises, there is a rather notable advantage to investing in a security presence, and that is the potential for reduced insurance premiums. Below we define three keys ways in which security guards could reduce your business insurance premiums.

1. Security guards lower the risk of vandalism, burglary and theft

Fortifying the security at your business demonstrates that you take security seriously and that you’ve already conducted a thorough risk assessment to reduce the risk of vandalism, burglary and theft. This might be via CCTV, manned guarding, mobile patrols or thermal imagery cameras – all of which are excellent deterrents to crime. Alongside our security services, we also provide clear signage, this acts as a further deterrent to crime and less crime means less claiming for related damages through your insurance provider. This is why security guards will positively impact your insurance premiums, as all of this is taken into account.

2. Having a security presence improve fire safety

A helpful by-product of having trained security guards on-site is their ability to alert the local fire service to any fires that might break out at your business. This quick response time will dramatically reduce the damage a fire can cause. An excellent example of this in action is with our client Amey and security officer Chris. Two months ago when on a night shift, Chris notified the local fire brigade after noticing a large amount of smoke from one of the buildings. Within just 25 minutes of first noticing smoke, the local fire brigade arrived and the fire was extinguished. Without his quick reaction, the damage that fire could have caused would have been significant. There’s no surprise that this factors into the cost of insurance.

3. Reduced claims reduce the risk of cost hikes

Insurance premiums at hiked up if the policy is claimed against, and more so if the cost of that claim is significant. If you have a competent security presence and haven’t need to claim for theft or damage, then it’s unlikely your insurance provider would hike up the cost of your insurance, keeping the cost reasonable and within your original budget.

You might be surprised to hear that you could see savings of up to 20% on your business insurance due to your investment in quality security. For more information on how we can work with you to provide a quality security service at your business, please don’t hesitate to get in touch with a member of our team. We look forward to hearing from you.

Alternatively, if you’re looking to further your career within the security industry, please check the careers section on our website or email us an up to date copy of your C.V. We never subcontract, we invest in training and we work hard to support our staff. We look forward to meeting you.

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Nick Carter

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