What Are The Benefits of Video Surveillance to Your Business
When it comes to the overall safety and security of your business, a video surveillance system is a must. Here are 21 benefits of video surveillance and why, if your business does not have a video surveillance system, you need to consider it.
1. Increase Overall Security and Safety of Your Business
Security cameras positioned throughout a business help to prevent crimes and break-ins. Businesses are 4x more likely to be burglarized as a home.
2. Prevent Shoplifting and Theft
Security cameras, prominently placed, can help deter theft. Did you know, 64 percent of all small businesses fall victim to employee theft, and nationally, small businesses lose $25,000 to $33,000 every minute to shoplifters
3. Prevent Fraud
A typical business can lose up to 5% of its revenue to fraud
4. Prevent Employee Theft
80 percent of thefts happened in organizations with fewer than 100 employees. Over half had fewer than 25 employees
5. Improves Safeguards
Smaller organizations are more vulnerable to employee theft because there are often fewer safeguards in place
6. Protects Against Burglary
60.5% of burglaries are forcible entry. Many people believe that burglaries are simply “crimes of opportunity. However, statistics show the majority of burglaries are actually forcible entries (breaking windows, picking locks, kicking in doors, etc.). A good security system, including surveillance cameras can be a great deterrent for these types of crimes
7. Improved Perception of Concern for Customer Safety
The presence of a good security system shows your customers that you care about their safety and security and can improve their overall perception of your business
8. Improves Outside Security for Customers and Employees
Video surveillance protects your employees both directly and indirectly. When installed in company parking lots and outside the physical building they can record suspicious activity and allow company security officers or others to ensure employees reach their vehicles safely.
9. Lowers The Risk of Vandalism
Business owners pay directly and indirectly for vandalism. According to the U.S. Small Business Administration, a single incident of vandalism costs on average $3,370. Conspicuously placed cameras have been proven to reduce threats of violence and vandalism at businesses dramatically.
10. Improve Employee Productivity and Business Operations
11. Increases Sales
Video cameras can also help you sell more products from your retail store. How? They make it easy to track customer traffic patterns throughout your business. This allows you to move inventory and adjust stocking so that you’re taking full advantage of “natural” high-traffic areas.
12. 24/7 Peace of Mind
Continuous real-time monitoring – IP surveillance allows authorized employees to monitor critical business areas continuously, 24/7 in real time from almost anywhere.
13. Can Help Avoid legal Claims and Fraud
Avoid costly legal expenses from false or dishonest claims. One of the worst fears of any business is being sued. Whether an accident, injury, harassment or other legal issue occurs on site, having video evidence can prove what actually took place
14. Provides Business Compliance
Many types of businesses must have a video surveillance system in place to comply with HIPPA or SEC regulations as well as internal corporate policies.
15. Aids Law Enforcement
Video surveillance footage is one of law enforcements best investigative tools for business related criminal activity including theft and vandalism
16. Is Cost Effective and Scalable
Video surveillance is cost effective and scalable. As your business grows, adding and integrating additional cameras into an established network is easy and cost effective.
17. Provides a Record of All Activity In Your Business
Video surveillance protects employees indirectly by monitoring each visitor who comes into the building and keeps a video record of their activity.
18. Reduces Need for Hiring Additional Security Personnel
Because employees, managers and supervisors cannot be everywhere at once, a video surveillance system monitors productivity without the added expense of hiring additional personnel.
19. Can Increase Business Profits
A Bloomberg Business study of the effects of surveillance at 392 restaurants showed that where surveillance cameras were in place and operational, businesses saw a 22 percent drop in theft AND a 7 percent increase in profits.
20. Monitors Customer Transactions
Retail establishments use video surveillance to monitor customer transactions. For example, if a customer claims to have purchased an expensive item but does not have the receipt, or that an employee was rude or provided misinformation, video surveillance records can be used to determine whether they were in the store on the day in question, and what, in fact, took place.
21. Makes Good Business Sense
Video surveillance makes good business sense – As a business owner, or leader, you can’t be in more than one place at a time. Video surveillance provides you with visual access to your business when you need it 24/7, 365 days of the year.