Small businesses: crime statistics you need to know and the top tips to protect your business
As a small business owner, it’s easy to get caught up in the day-to-day running of your business.
However, it’s important not to overlook the unexpected. From theft to break-ins, protecting your business is always a top priority. In this blog, we’ll be sharing the latest data and explore some practical steps you can take to safeguard your property.
Crime against businesses: 2023 commercial victimisation survey findings
Before we dive into the practical steps, it is important to dive into the latest statistics.
According to the government survey, an estimated 26% of all small businesses were victims of crime. The most prevalent of which was theft (11% of premises).
5 key statistics from 2023 commercial victimisation survey
- 26% (409,000) of business premises experienced crime in the last 12 months
- 41% of wholesale and retail premises experienced crime
- 14% of premises experienced theft (most common offence)
- 8% experienced burglary and 8% experienced vandalism
- 45% of victims experienced a single incident, while 75% of customer theft victims experienced repeat incident
It’s important to note, the relationship between the likelihood of being a victim and these statistics are extremely complex but taking a risk assessment and identifying potential dangers i.e., access points and security weakness can mitigate financial losses.
With that in mind, let’s explore some actionable ways you can safeguard your business.
How to improve business security
To improve business security, the most recent available data from the UK’s Commercial Victimisation Survey shows that many businesses rely on measures such as working alarms (73%), secure windows and door locks (66%), and external CCTV systems (63%). While these are among the most commonly used safeguards, taking a broader, layered approach to security can help provide stronger protection against crime.
Below we’ve listed our top tips to protect your business.
Install a security system
As mentioned, a comprehensive security system is a must-have for any small business. It can include cameras, alarms, and access control systems to ensure that your premises are well-protected.
Train your employees
Educate your employees on how to identify suspicious activity and what to do in case of a security breach. Conduct regular training sessions to keep them aware and prepared.
Secure your digital assets
Protect your business from cyber attacks by implementing strong passwords, updating software regularly, and investing in security software. Ensure any computers or paper documents are out of sight and reach.
Control access
Limit access to sensitive areas such as the server room, cash register, and inventory storage to authorised personnel only. This will reduce the risk of internal theft or sabotage.
Keep your premises well lit
A well-lit property is less attractive to criminals. Install motion sensor lights around the exterior of your building to deter intruders.
In conclusion, small businesses owners face many challenges when trying to keep their business and property safe. However, by taking the necessary steps, you can significantly reduce the risk of theft, vandalism, and cyber-attacks.
Installing a comprehensive security system, training your employees, protecting your digital assets, controlling access to sensitive areas, and keeping your premises well-lit are all effective ways to protect your small business. By implementing these top tips, you can not only safeguard your assets but also provide peace of mind for yourself, your employees, and your customers.
Remember, prevention is always better than retrospectively find a solution when it comes to protecting your small business, so don’t wait until it’s too late to take action.
