It’s hard to protect your company from risk. When you work with your business insurance provider, though, you’ll be able to find a better way of safeguarding your company from the risks you face every time you open the door. Gas station insurance is there to support you. If you’ve created a policy that’s specifically designed for the types of risks you face as a gas station or similar company, you have ample financial protection in place. That doesn’t mean you should be lax on reducing theft and high-risk events.
How to Reduce Theft Risks
One of the most common claims filed through gas station insurance is theft. It can occur in all forms – customers, break-ins, and even employees. When theft occurs, it creates a financial burden on the company both in the way of the lost revenue as well as in cleanup costs. That’s why it is important to deter would-be thieves whenever possible. One way to do this is through a security system. Many gas stations already have such products in place. And, with it, you may be able to reduce some of your business insurance premium costs as well.
Your business insurance provider will tell you if adding surveillance can help to reduce your premiums. However, a comprehensive security system can be an excellent investment. Consider the options available to you.
- Choosing an alarm system is one option. This is an inexpensive addition that offers the ability to scare away thieves.
- Camera-based products are better because the risk of being caught are higher.
- Monitored surveillance systems are a high quality product though they cost more. They allow for near real-time response to such threats.
The level of savings and the potential benefit that this type of system can offer to you really depends on your area and the number and type of business insurance claims you’ve had. Mounting cameras throughout the interior and exterior of your location may be enough to deter theft on their own. However, it may still occur and such cameras can help the insurance company and the police to track down those responsible. This is why they can often help you to reduce your premium costs right away.
Get a quote today. Call Exceed Insurance at (855) 539-2333 for more information on the gas station insurance policies we offer.