Insurance fraud continues to be a growing problem for business owners. Fraudulent insurance claims victimize businesses of all types throughout the U.S. However, for businesses that serve the general public, the cost of bogus “slips”, falls or theft of products and property, can have a devastating impact on the bottom line in terms of decreased profits and increased insurance premiums.

The Coalition against Insurance Fraud estimates that at least $80 billion in fraudulent claims are made annually in the U.S. If your business is experiencing an increased number of claims, it’s probably time to take a hard look at utilizing surveillance cameras and video recording devices to combat theft and phony injury claims.

With a modern, business-grade security & surveillance system, your business can save substantial money on spiraling insurance premiums as well as future claims by decreasing the risk of internal and external theft, property damage, and fraudulent personal injury. Additionally, when compared to the cost of hiring full-time security guards around the clock, many businesses experience a substantially greater long-term ROI by deploying a video surveillance system.

According to insurance giant, The Hartford, in a 2015 report, approximately 40% of small business owners will likely file a commercial insurance claim within the next 10 years with burglary and theft being most common. A modern video surveillance and monitoring system can assist in deterring shoplifting, employee theft and provide valuable information to insurance and law enforcement officials during the claim process.

Security Specialists provides fully-integrated, custom security solutions that address the specific needs of businesses throughout the greater NY, NJ and CT areas. We urge you to contact your insurance provider to learn if installing a video surveillance system will lower your premiums.