CCTV can have many benefits to a business and many of these benefits can help save the business money and also reduce the risk of incidents that could financially cost the business. In this blog, we are going to explain five reasons why having a CCTV system in your business can save you money.
Increased Health and Safety
Ensuring your staff and customers are safe whenever they enter your commercial premises is essential to a safe business. Having a CCTV system installed helps you to prevent workplace accidents, by installing CCTV cameras throughout a commercial building it can be monitored 24/7 and risks can be identified and dealt with before an accident occurs. CCTV can also help identify areas that are high-risk and have more potential for accidents which allows you to put procedures in place to further minimise the chance of accidents. Find out more on how you can improve health and safety with CCTV.
Reducing the risk and preventing accidents in the workplace can save a company large amounts of money that would have to be spent on legal costs and compensation when accidents do occur, and perhaps loss of income if the business has to be closed down due to health and safety reasons.
Making sure productivity is high and that employees are performing their job efficiently is an important aspect for any business as employee wages can be one of the largest outgoings for a business. A CCTV system can help monitor that employees are working and make sure that tasks are completed on time. Also, through monitoring employees over a period of time, a benchmark can be set on how long certain tasks should take. Additionally, well-positioned CCTV cameras can also make sure employers are clocking in on time and taking the correct time for designated breaks, all aspects that may affect the productivity of your employees.
Theft of stock and inventory can be a huge financial loss for a business, and even if covered by insurance it can affect the businesses reputation as customers and suppliers may be let down. Installing CCTV cameras instantly deters crime from your building as the criminal knows they are being monitored, reducing the likelihood of a crime being committed.
Also, CCTV can help reduce security guards costs, having to pay multiple security staff members to monitor a commercial premises can be a large running costs for a business. Installing a CCTV system can cut those costs and provide 24-hour surveillance to your building and allow fewer security guards to monitor a commercial building from one central control room.
Reduced Legal Cases
Legal costs when incidents occur can cost businesses considerable amounts of money, even when a business is not at fault if there is no evidence to prove different. Having a CCTV system monitoring your business allows you to have a full and transparent log of everything that occurs on your business’s commercial premises. For example, if there is a workplace accident that you’re not at fault for, and a person tries to claim it was your fault, CCTV footage allows you to show exactly what happened and who was at fault. Having such clear evidence when an incident occurs can save your business time and money and also deter others from trying to make false claims.
Employee Theft prevention
Employee theft can be a huge issue in some businesses, hundreds of thousands of pounds are lost annually due to this. Having CCTV cameras installed in employee-only areas such as stock rooms allows you to monitor who accesses these locations should anything go missing.
In addition, having a CCTV system surveilling car parks and outside areas allows you to monitor who comes in and out of your commercial premises and log their number plates. Should there be an instance where stock or inventory goes missing from a business, CCTV will allow you to go through CCTV footage for that specific time and date an incident took place and help identify if any stock or inventory left the premises.
Do you want to save money with CCTV?
If you need help and advice on installing a CCTV system that can help save your business money call our team directly on 01492 547997 or send us an email to [email protected] and we will be happy to offer free commercial CCTV advice.