Lower your Business Insurance Premiums with Enhanced Security Measures

Whilst commercial property insurance could potentially save you a lot of stress and money in the event of something going wrong, there’s no denying it comes at a high price. That’s why many businesses look for ways to lower the cost of their insurance. In this guide, we’ll be taking a look at whether or not implementing greater security measures can actually affect your insurance premium.

Can Greater Security Measures Affect The Cost of My Commercial Property Insurance?

Yes, absolutely. In fact, the security of the premises is actually one of the main factors that determines the premium your business pays. In fact, you could see discounts anywhere from five to twenty percent. This is why it is absolutely essential to implement security measures if you’re looking to lower your premium.

What are the Best Security Measures to Lower Your Insurance Premium?

Camera Systems
CCTV

CCTV is an incredibly important security measure to have for your business premises as this can provide footage of any incidents and also acts as a deterrent to any would-be thieves and trespassers.

Motion Detection Recording

With motion detecting recording, your cameras can detect when there is movement and start to record, making it easier to search for any potential incidents compared to scanning footage of full days. It also means far less disk space is used compared with regular CCTV, minimising the risk of using up all of your storage space.

Alarm Systems

Fire Alarms

By installing fire alarms that send an alert to your phone/email and the emergency services, you can be notified quickly if there is ever a fire at your premises when you aren’t there and take action quickly to prevent any further damage. 

As this means there may be less damage done that the insurance company will have to pay out for, they may lower your insurance premium price compared to businesses that just have an audible fire alarm.

Security Alarms

Most security alarms work by detecting motion or unauthorised entries, meaning any potential thieves can be caught in the act. In fact, research has found that 60% of burglars would be deterred by an alarm system.

Point of Entry Prevention

Remote Door Locking

Relying on employees to lock up properly when leaving can be risky due to human error. Forgetting to lock up could cause some serious complications with insurance claims if there is ever an incident and they may not pay out. By implementing a remote door locking system, you can ensure your business is always secure.

Window Break Protection

Measures such as window bars or tempered glass can prevent thieves breaking in through your business’ windows. Alongside this, you can also add window sensors which can trigger an alarm.

Steel Doors

Front doors are the most common point of entry for burglaries, so ensuring these are durable and difficult to break into is essential. This is where steel doors come in. Thanks to their rigidity, energy efficiency and fire resistance, you can ensure your business is well protected from incidents.

At BID Group Ltd, we offer a wide range of industrial doors with thick galvanised steel and bonded honeycomb cores, providing strength and greater levels of security.

Roller Shutters

Roller Shutters are a strong physical and visual deterrent against break ins by protecting entrances and windows, helping to safeguard your premises. At BID Group Ltd, our Roller Shutter Doors are robust, fully galvanised and easy to operate via a direct drive. 

Perimeter Security

Automated gates and barriers ensure only those who are authorised to enter gain access to your site, helping to prevent theft and trespassing. At BID Group Ltd, we offer a number of sliding and swing gates, providing an affordable and practical solution for perimeter security on commercial and industrial sites.

Secure Your Business with BID Group Ltd

Why not take a look at our wide range of products designed to keep your business safe and help lower the cost of commercial property insurance. Alternatively, get in touch with one of our helpful members of staff to discuss how we can help you.