How vulnerable are your commercial premises to different threats, like a fire or an active shooter? While many business owners have installed security equipment on their premises, they overlook the importance of doing risk assessments. You can make better security investments if you know the risks and threats you want to minimize and counter. Professional security services can conduct a competent physical risk assessment to establish your vulnerability to threats, the probability of these threats happening, and their impact. What advantages can you get from this exercise?

1. Identify and Prioritize Threats

The security officer services will look at the threats to your business premises and identify the most likely ones and their likelihood. This helps you prioritize your focus on the biggest threats: those with the potential for the biggest impacts, including business closures. Then, you can craft a threat response strategy that better prepares you when these threats materialize. 

2. Do relevant security equipment upgrades 

Security services will help you identify loopholes in your security system and help you  fill them. For instance, you may have a surveillance camera, but it is not actively monitored because of lack of remote monitoring. The assessment will show you the need for such upgrades. Also, you can optimize your security budget to meet priority threats. 

3. Better Compliance with Industry Security Protocols

The security services will conduct a physical risk assessment as part of your industry's security protocols. For example, businesses that handle pharmaceuticals must make special security arrangements. A risk assessment can reveal your level of compliance with such protocols. You want to avoid the penalties that come with non-compliance. 

4. Reduce Legal Liability Risks 

If a security incident takes place, you want to show that you have done everything within your power to reduce the risks of this happening. For example, if a client was attacked on your premises, they could sue you if they showed the premises were not secured properly. 

A competent physical risk assessment will help you address gaping security loopholes. It reduces your exposure to legal liabilities when security threats materialize. 

5. Reduce Insurance Costs  

You can save on insurance premiums by showing that you are compliant and proactive in managing risks and threats to your business premises. A security officer will produce a written report showing the security measures in place and those needed. If you can prove you have done what the report recommends, you can get discounts on your insurance premiums. 

Are you looking to insulate your business better against various threats? Talk to security services about conducting a risk assessment to enable you to make better security investments.