Five Ways to Protect Your Business Investments

No matter how large or small your business may be, your office equipment represents a significant investment. Just like anything else you invest a great deal in, you’ll want to be sure to take a few extra precautions to protect your investments. As the old saying goes, an ounce of prevention is worth a pound of cure. Some of the most simple and inexpensive investments can often save you a bundle in the long run. Here are five simple ways you can protect your business investments.

Security Cameras

While employees may not like the idea of being watched, that doesn’t mean that you can’t protect your business itself with security cameras. Installing security cameras at entrance and exit points can not only help protect your valuable office equipment, it can also go a long way towards keeping your employees safe. Smart cameras are becoming less and less expensive and can even be monitored remotely from your smart phone.

Get Your Equipment Serviced

Without proper care and maintenance, all mechanical devices will break down eventually. As a general rule, this often tends to happen just when you need them most. You can often avoid equipment breakdowns at the most inconvenient times by having them regularly cleaned and serviced. Don’t forget, you should also be doing routine cleaning of all of your office equipment including computer keyboards, printers and other devices.

Protect Your Floors

Whether you operate a home business, are leasing an office or even own your own building, chairs and heavy foot traffic can take a heavy toll on floors. In addition to having them cleaned regularly, you should also get high quailty chair mats for your office. This will help protect carpets and flooring as well as making it easier to move your chair. In high traffic areas, you might also consider laying down runners, carpets or some other type of protective mats.

Keep Information Secure

Whether it is information on your clients or consumers, proprietary business information or even just employee files, information is often one of the primary assets of any business. Keeping your information secure can run the gamut from investing in locking file cabinets to keeping online security suites up-to-date and enforcing strict password protocols. Every year one company releases its list of the top 100 worst passwords, culled from more than 1 million passwords dumped on the dark web. After more than 20 years of warnings about the importance of passwords, “password” and “123456” continue to top the list. Make sure your passwords are more secure.

Insurance

Not only is it critically important to keep your business insurance paid up, but you should also do regular reviews of your coverage. As your business grows and changes, so will your insurance needs. The types of business insurance available are almost limitless and you don’t want to find out too late that you could have been protected against a certain event by simply having the right kind of insurance. Always work with a reputable agent with a reputable agency to ensure you have the best coverage available.