Retail businesses face numerous challenges with regards to loss prevention including internal or external theft, robbery, embezzlement, and many other security related incidents that can result in potential losses.
We Help Your Retail Security Strategy Focus on Loss Prevention Over Apprehension
Apprehension means that the criminal act has already occurred, and your prevention methods, if utilized, were not effective. Your costs and liability risks are much higher when focusing on apprehension.
- A suspect may be capable of using force, including deadly force, to flee apprehension
- Your stolen property may be damaged to the extent that it cannot be placed back in inventory
Prevention refers to ensuring that the incident does not occur and is often a less expensive approach. We guide you in creating a retail loss prevention strategy with a series of policies, protocols, and measures to safeguard your company’s profits, and to reduce or eliminate preventable losses of your business assets. In the retail sector this is often referred to as “shrink” or “diversion” of assets.
Reduce Your Likelihood of Loss with a Customized Security Risk Assessment
As part of our security risk assessments for retail operations, we look at numerous factors that have the highest risk for losses. We observe warning signs and indicators that theft and diversion are likely occurring.
We Assess Your Existing Security Measures as Well as the Following External and Internal Risk-Factors
- Product placement
- Retail space design based on the Crime Prevention through Environmental Design (CPTED) principle
- Security technology
- Cashier security
- Security awareness
- Staff safety and security
- Inventory controls
- Delivery management
- Storage and office security
- And many other factors
Although many retail establishments focus on loss prevention caused by the customers, the reality is, your business is more likely to be victimized from one of your staff members than from a customer. Internal losses can also be more significant than those from external sources and require more time and effort to discover. Therefore, our risk-assessments focus on both external and internal risk factors.
Once our assessment is complete, we provide you with detailed information on your vulnerabilities and risks as they relate to security and loss prevention.
Protect Your Business from Loss as a Result of Human Actions, by an Employee, Customer or Vendor
We help you prevent loss as a result of:
- Inadequate staff training
- Poor business practices
- Lack of security processes
- Lack of management oversight
Don’t let these incidents hurt your reputation and brand. Although not all cases of internal theft or embezzlement make the news, the number of incidents each year is high, and the amount of losses are now defined in the millions of dollars in many cases.
At Protection Management, LLC, we also help protect your operations from a litigation avoidance perspective. We review any existing security or loss prevention staff, to insure they are operating within industry standards and best practices, in order to reduce the likelihood of criminal and civil actions being brought against your company.
Contact Us for a Free Phone Consultation, and Improve Your Retail Security Today
Due to a number of factors, the reason many businesses fail with regards to loss prevention can be summed up in a few examples.
- Management often does not have time, or is not willing to, stay current with the developing trends in which losses can occur.
- Management does not realize the impact of loss prevention training so does not perceive it as important.
Protection Management LLC, will assist your business and your management team in determining your vulnerabilities and risks, and provide you with mitigation strategies to minimize or eliminate them. For more information contact us for a free, no obligation telephone consultation.