For the vast majority of businesses, the commercial premises themselves are by far the most valuable part of the company. The value of the contents clearly varies depending on the nature of the business: a warehouse may contain tens of thousands of pounds worth of stock, ready to send out to various clients in order to fulfil their contracts.
Any stolen goods could cost the business these contracts, potentially ruining the company’s prospects. An online advertising agency might not hold much sensitive information in its physical form, but computers, printers and projectors all present prime targets to thieves. Every business needs to take into account its physical security. If your security measures are outdated or lacking, you’ll soon find that your premises are targeted by thieves. Of course, you’ll have insurance in place to claim for damages, but your insurance company might not be satisfied with your claim…
Minimum security requirements
In the depths of your insurance policy there will be a section on minimum physical security requirements, or minimum security standards. These are a series of measures that your property must have in place in order to be able to claim for damages. Many insurers will prevent you from taking out a policy at all if you are unable to prove that these physical security measures are in place. Your cover may not be valid if your property does not meet these standards.
What do these standards consist of?
Each insurance company has its own set of minimum security standards for each of its policies. These standards will vary depending on the property type, the location of the property, and the breadth and depth of the policy. In general, however, insurers will require the following:
- Locking mechanisms on all external, final exit doors that comply with British Standards.
- Ground floor windows, and windows accessible from balconies, staircases etc., must be fitted with key operated locks, or screwed shut.
Insurers may also ask for the following measures to be implemented:
- Intruder alarms.
- Security bolts.
- Any other security measure.
In general, the tougher the standards you’re able to put in place, the lower your insurance premium will be.
More than the minimum
These minimum requirements may not be enough to protect your business. Good security measures act as both a deterrent and a means of foiling any determined thieves. The minimum security standards outlined in your insurance policy are hardly likely to be sufficient to achieve these aims. Consider investing in keyholding and alarmed response, mobile patrols or manned guarding security solutions too. Contact your local security company to devise the best combination of security measures for your property. Here at Acclaimed Security, we have decades of experience in protecting the property of Leeds and West Yorkshire businesses. A member of our team will happily talk you through the options available to your company, based on your budget, the needs of your business, and the local area’s unique challenges. To get started, call our Leeds office today.