Safeguard your property by budgeting for security expenses

The recent fuel increase and an ever-rising cost of living mean that many important investments, like a suitable and effective security system, might fall by the wayside. ‘Grudge’ purchases such as insurance or security services are expenses that can and should be budgeted for, in order for small and big business owners alike to afford these essentials.

“Pre-empt any incidents and make provisions when things are profitable as to not feel the pinch later on,” says Charnel Hattingh, Fidelity ADT’s National Marketing and Communications Manager.

Finding the right security provider makes all the difference, explains Hattingh. “Settling on a budget doesn’t necessarily mean opting for the cheapest security provider, but rather finding a provider that can give you great value for your money.”

While businesses might be looking to tighten their purse strings in the face of mounting expenses, Hattingh recommends considering alternative options before terminating any existing contract with a service provider. This will guarantee you get the best package without stretching your pocket unnecessarily.

“With the added stress as a side effect of the country’s sluggish economy, worrying about your business’s protection should not add to that,” advises Hattingh.

If your premises is well-protected and features a strong perimeter defence, it will go a long way towards deterring criminals. Hattingh suggests making practical adjustments, like installing motion sensor lighting even if only in specific sections of the property.

It is also crucial to fully understand everything you’re agreeing to.

“Before signing anything whether it’s for the first time or to change your existing package, ask if you don’t understand something. You could be missing out on options more suited to your needs,” says Hattingh.

It’s important to know what you’re looking for in terms of security features. When discussing a quote with a security provider, know exactly what you’re looking for. Once you’ve found a suitable provider to install the right security measures on your property, regular maintenance checks are key.

“A worst case scenario is having a faulty alarm system or perimeter security in the midst of an incident. An alarm system is one of the fastest methods to signal for help in a time of an emergency,” says Hattingh.

Like many products in any industry, there are some security devices and features that are “over-hyped”. There are also products and services marketed to specific types of business, which aren’t appropriate for all businesses.

“Business owners seeking guidance should always approach a professional and certified security company. Make sure you are dealing with someone who understands the vast difference in security needs for a big shopping mall as opposed to a small shop on a street corner. Business security is not a “one size fits all” kind of conversation,” recommends Hattingh.

It’s essential to regularly re-visit your budget and stay on top of your business’s finances to avoid getting caught unaware.

“Many preventable incidents could set a business back by a fortune. You can avoid this by dealing with the right security provider who checks all the boxes, tailor-makes a solution that suits your unique needs and gives you great value for money,” concludes Hattingh.