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By: Us Loss Prevention  09-12-2011
Keywords: Security

2006 Article - California Bureau of Security and Investigative Services.

"One major economic justification for security personnel is that insurance companies (particularly fire insurance carriers) will give substantial rate discounts to sites which have a 24-hour presence; for a high risk or high value venue, the discount can often exceed the money being spent on its security program. This is because having security on site increases the odds that any fire will be noticed and reported to the local fire department before a total loss occurs. Also, the presence of security personnel (particularly in combination with effective security procedures) tends to diminish "shrinkage," theft, employee misconduct and safety rule violations, property damage, or even sabotage."

Keywords: Security

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