The True Cost of Not Having a Commercial Security System in Surrey

When we calculate the cost of doing something like adding a commercial security system in Surrey, the calculation is pretty straightforward. Your security company will give you the total cost plus any monthly charges depending on what you install. Then you subtract any reductions or discounts in insurance premiums because of your added security. Determining the true cost of not having a commercial security system in Surrey is considerably more complex.

Below, in today’s blog, we are going to summarize the calculation for it.

Estimate the probability of a break-in, theft, or vandalism occurrence in one year.

Hint: in Surrey, this will be higher than in other cities because of Surrey’s well-known higher than average crime rate.

Estimate average potential losses per event, which might include goods, inventory, repairs,

Add to this the costs of downtime while you are restocking, such as lost sales, delayed deliveries which might include penalties, overtime for employees to clean up and restock, and even possibly renting equipment needed to finish jobs.

Now add those higher insurance premiums for not having a security system. Also, remember that these costs you have calculated are your costs every year, whereas, when you install a security system, most of that cost is up front.

Another cost you should add, which is left often talked about is the cost of hiring and training new employees. Research shows that there is a roughly 10 percent higher rate of attrition at companies where employees do not feel safe.

If you operate a business in Surrey, then you need a security system for your business, for a lot of reasons that make dollars and sense. 

We hope that this article gives you some insight into how modern technology makes independent living safer. For security systems on the Lower Mainland, please call us at (604) 583-2542. 

Alpha Integrated has over 30 years of experience in the security business. We offer a wide-range of state-of-the-art products, a knowledgeable and friendly staff, competitive pricing, and a business model with integrity that stands behind and services the products we carry and install. Our clients include commercial, multi-residential, residential, marine, and other venues. Please feel free to call us on the Lower Mainland at (604) 583-2542.