Commercial CCTV is an essential asset to any business. However, many users and business stakeholders need to be made aware of the full implications of commercial CCTV installation on insurance premiums. Let us understand how installing a CCTV system can impact your insurance premiums in the long run.
Exploring the relationship between commercial CCTV and insurance premiums
Installing a commercial CCTV can significantly reduce your insurance premiums in the long run. Here is how these devices make a difference:
A powerful deterrence of crime: Commercial CCTV systems are a potent deterrent against criminal activities like theft, vandalism, and fraud. Insurance companies also note that premises with CCTV are less likely to fall victim to miscreants. Therefore, this reduction of risks is also reflected in lower insurance premiums. This is a beautiful benefit of installing CCTV on a commercial premise.
More straightforward to validate claims with evidence
If, despite everything, a crime does occur, CCTV footage can provide valuable evidence to facilitate criminal investigations and the claims process. Insurers settle for lower premiums for businesses that have an effective means of documenting mishaps.
This makes it significantly easier for businesses to assess and validate claims. The promised efficiency in resolving claims also lets insurance providers save a lot of expenses, which is why the policyholder also enjoys a reduced premium.
Increasing the accountability
Installation of CCTV systems can also deepen the sense of accountability among employees and visitors. This consequently decreases the chance of fraudulent claims and workplace mishaps. Hence, this additional security measure results in fewer claims related to internal issues, which can further incentivise the users to enjoy a lower premium.
However, getting insurance discounts also depends on several factors. These factors include the quality and type of the CCTV system, the quality of the installation, and how integrated it is with the alarm system.
You will receive all these insurance benefits if you get CCTV installation in the UK from a reliable security company. At Watchman Fire And Security Ltd., our long track record of quality service ensures guaranteed insurance discounts. Contact us to safeguard your commercial premises.