Commercial security systems are important for many reasons. Safety is at the top of that list, but there’s another benefit you may not realize: you can potentially get an insurance discount for security systems. Taking steps to protect your business and property can save you money on your insurance policy in the long run. You may wonder how much you’ll save and whether the cost savings make it worth it. When creating an integrated security plan, your primary goal should be to keep your business safe from harm. But the potential cost reduction is also an appealing reason to invest in security.
Insurance Discount for Security Systems
The average small business owner spends about $4,000 annually on insurance-related costs. This includes general liability insurance, commercial property insurance, cyber liability insurance, business interruption insurance, and workers’ compensation insurance. In Florida, most businesses are required to carry general liability insurance by law. Insurance serves an important purpose for business owners. You pay a monthly premium to an insurance company that assumes the risk in case of catastrophe.
Alerting law enforcement is the first thing you should do after any incident of criminal activity. After reporting things to the police, you should alert your insurance company. They will reimburse you for losses and help you return to normal business operations. You’ll never need to file an insurance claim in an ideal world. But when things go wrong, having the protection of an insurer can be invaluable.
How Discounts Work
Security cameras have been proven to reduce the risk of theft and burglary, which is an appealing prospect for insurance companies. Installing a security system can make you less of a crime target, making it easier for insurance companies to insure you. You should talk to your insurance company to find out which kinds of security and burglar cameras will qualify for a discount. It’s also essential to consult with a security firm to determine which products and services you need to secure your business. Installing security systems can save up to 15% on your insurance premiums.
Are you interested in an insurance discount for security systems? Finding the right commercial security partner is the first step you should take. Integrated Security Consultants is a Tampa Bay-based security firm specializing in business security. We’re happy to provide you with a free, no-obligation quote. Call us at 813-254-0033 or contact us online to learn more.