There are several ways to lower insurance costs for businesses with surveillance systems:
- Improve security: Implementing security measures such as alarms, surveillance cameras, and security guards can lower the risk of losses and result in lower insurance premiums.
- Risk management: Every time you have a fight or slip and fall you need a full report identifying the incident and mitigating potential risks by securing the video immediately in a safe place.
- Once the video is accounted for, share that video with your attorney and insurance agent
- Regularly these incidents are dropped when the plantiff sees the incriminating evidence
- Keep a list of these incidents
- When insurance gets discussed the following year, show your agent the cases that were avoided. This will invariably result in reductions of your insurance costs
