Simple Ways To Protect Your Business Assets

All businesses have assets. And, whether you are a sole trader or CEO of a huge multinational, those assets need looking after. This article will outline five key areas where you can reduce the risk and give your assets the protection they require.

1/ Lock up

Sometimes it’s the simplest ideas that are the most effective. Most theft from businesses occurs due to human error on the victim’s behalf, and opportunity on the perpetrator’s side. Make sure you have a proper closing up policy established in your business. Lock all rooms, make sure windows are checked in every office, and, as ever, the last person out turns off the lights.

2/ Hire security

It doesn’t matter what you keep on your business premises; somebody, somewhere could make use of it. If those contents are particularly valuable, you might want to consider hiring a security guard. Not only will it give you a human presence overnight, but it will also help you screen people as they come in. Most businesses can benefit from a security guard whether they are in an office block or a plant hire site. Find out more in our article on why you should hire a security service.

3/ Web protection

Don’t forget about your online assets. Your website probably contains a lot of valuable data about customers, including their bank details. All it takes is a hacker to come in, and root around a bit and those details could be in inscrutable hands. And that will be bad for your customers, and disastrous for your business. Make sure you have your network locked down with security software and protection against hackers. And, also ensure you have best practices in place for any staff member that turns on a computer.

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4/ Insurance

Unfortunately, even the best-laid plans can come undone if you are targeted by the right – or wrong, rather – people. If this is the case, then you will need to fall back on your insurance policy. Make sure you have the right cover in place that protects all aspects of your business. That includes all of your equipment, as well as your vehicles. Cars, vans and lorries are often targeted by thieves because the contents can be so valuable. So, if one of your delivery drivers gets caught out while on the road without the right lorry fleet insurance in place, you are going to lose out on a lot. Not just the vehicle, but everything inside it, too.

5/ Your Money

Finally, make sure your business profits are tucked away in safe places. As with any investment, spreading your money around into different areas is the best way to reduce your risk of loss. Make sure you know how much your bank’s liability is should they go bust, and invest your profits into a portfolio that stretches across the board. You can find out more about where to invest your business takings in this excellent article at HSBC Knowledge.

Any tips you would care to share? Feel free to leave your advice to many other people in the comments section below.