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4 minute read Published on May 28, 2021 by BrokerLink Communications
The risk of theft and shoplifting is a challenge that many retail store owners contend with on a daily basis, regardless of their size.
Owning a store is a big investment of time and money, not to mention your hard work and passion! You want to keep your store protected so we’re providing a few theft prevention tips that can help you manage the risks and offer an extra layer of safety to you, your employees, and your customers.
Whether your store has been a long-time fixture in the community or it’s the new kid on the block, a theft prevention strategy is a necessary first step. So, what does a theft prevention strategy look like for your store?
Any robust theft prevention strategy should include the following:
Excellent customer service training alongside theft prevention training, is key. When you have dedicated and engaged staff, who are eager to help and support your customers, they also can keep an eye on what is happening in the store and are more likely to identify a shoplifter.
It’s important to remember that all customers regardless of financial circumstance, age, gender, and race, must be treated equally; profiling is strongly discouraged.
Watch for common practices that thieves’ use to identify potential theft, for example:
In addition to staff training and providing exceptional customer service, store design can help with theft prevention.
When we think of theft prevention, security cameras and security personnel immediately come to mind. There are a variety of technology that can assist with theft prevention and security, including installing cameras and or a security tag system. Do your research to learn what works best for your store and your budget.
Additional affordable ways to use store design to deter thieves are as follows:
You may consider installing fake security cameras as an affordable way to deter opportunistic shoplifters from taking action.
In the end, the best security is your employees – the more a customer feels they are being watched, the less likely they will attempt to steal. This is especially important for small business that lack the budget for security staff and equipment.
Theft is a risk for all business owners. Being proactive and putting the tips provided in place, can help your efforts to deter thieves. An added layer of protection is your business insurance coverage. Check in with your broker to ensure you have the proper coverage when it comes to theft and loss prevention.
Our business is protecting your business. Contact a local BrokerLink business insurance advisor today!
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Being caught in a theft or robbery can be a terrifying experience. Thorough training on the store’s policies and procedures is vital to ensuring that employees remain calm in these situations. Don’t take action that could jeopardize your safety or the safety of your employees and customers. Be sure to take a good look at the thief and make note of any details that may be useful to the police. Call the police as soon as the thieves leave the premises and hold all witnesses until the police arrive. Jot down as much information as possible to ensure you don’t forget key details.
You could be charged with assault if you apprehend a customer physically, however, there are certain steps you can take, that should be incorporated into your theft prevention policy. We recommend you speak with your local police division as they offer programs and protocols to support shop owners. If you are in a shopping mall, discuss the protocols with mall security – they usually also work closely with the local police division.