Protecting your business helps you protect your bottom line, especially when it comes to theft. According to Home Business Magazine, workplace theft costs small businesses across the country about $50 billion each year. Here's what you should know about how safes can help you protect your business.

Protect Against Robberies/Burglaries

You never know when your business is going to be a victim of a crime, which is why you always need to stay prepared. Keeping valuables in a safe helps protect your assets in the event of an attempted robbery. Some thieves may even be deterred if they have trouble getting into a locked safe. If your business has valuable assets like cash reserves or valuable technology, you should keep those safely locked away. Stashing some of your possessions can also reduce your risk of being the victim because some thieves tend to target businesses they know will have cash or other valuables on hand.

Prevent Workplace Theft

Unfortunately, workplace theft is a lot more common than you might expect. Workplace theft occurs when an employee steals something from their business. A common form of this is cash being stolen from a register. Employees steal things from their places of employment all the time, but safes can help you prevent workplace theft. With everything securely locked up in a safe, you don't have to worry about employees with sticky fingers. You can make sure each register has enough money in it for the day and the rest can be securely stashed in your safe.

Secure Sensitive Data

Most businesses have secrets they don't want to share with anyone, which can be kept conveniently in safes and away from prying eyes. Whether you're storing sensitive information about your business, login details, or legal documents, safes offer ideal protection. Keep in mind that there are regulations regarding storing sensitive customer data, so make sure you're complying with those regulations. For example, you can't simply store credit card info and other sensitive customer data on a piece of paper in a safe. If you're talking about employees' personal information or documents that you're required to have as a business, you can definitely store them in a safe.

Physical Protection

You never know when a natural disaster is going to strike in your community, but many safes can protect you from the potential damage these events can cause. There's never a guarantee that your insurance will cover liquid assets like cash, so fireproof safes are a great way to protect it in the event of an emergency. Waterproof safes can also provide vital protection if you're in an area where flooding is more common. You might not think your business will be hit by a flood or fire, but these disasters often strike when you least expect it. Having the physical protection of a fire- or waterproof safe is a lot like having an additional insurance policy for your assets.

Keep Ample Cash on Hand

If you've ever worked at a bar or grocery store, you know business owners don't like to keep all their money in the register. Generally speaking, the smartest way to do business is to only keep the amount you need in your registers. Any excess cash can be stored in your safe at the end of the day. Storing it in a safe means you're minimizing risk by carrying less money in the register. Plus, it helps you prevent workplace theft.

Peace of Mind

Running a business could mean constantly worrying about your assets and whether you're doing everything you can to protect and grow your business. Safes can give you the protection you need to find peace of mind. When it comes to your operations that benefit your employees or community, the less stressed you are, the better. With everything locked up in safes, you can relax at home after a long day of work without worrying about burglaries.

As a business owner, it's your job to do everything you can to protect your business and the assets behind it. Installing safes can be a great way to add an extra layer of security to your company, especially if you live in an area with high crime rates or a risk of floods, fires, or other natural disasters. If you want to learn more about how safes can protect your business, contact Alford Safe & Lock Company Inc today.