Retail Loss Prevention Tips

Posted Mar 9th, 2016 in Business Insurance Tips, resources

  • Never store combustible material, such as cardboard or paper, near heaters or electrical equipment and remove combustible waste on a regular basis.
  • In sprinklered buildings, keep stock more than 18 inches below the sprinkler heads, so as not to interfere with the system's effectiveness in the event of a fire.
  • Avoid overloading of electrical outlets, particularly in older buildings equipped with fuses instead of circuit breakers.
  • Keep all of your stock off the floor, stored on skids, shelves, or racks.
  • Make sure the front, rear and interior of your business premises are well lit, particularly when closed for business.
  • Arrange the interior layout of the store so that the till area is clearly visible from the exterior of the building.
  • Limit the amount of cash in the till by using a safe or money-limiting device.
  • If your store is open long hours, consider the installation of closed circuit television cameras and hold-up alarms.
  • Make regular bank deposits, but vary the timing of the deposits and the route taken.
  • Install anti-shoplifting devices and surveillance equipment or keep high priced merchandise under lock and key in display cases.
  • Ensure that life and safety features such as fire alarms, exit signs and emergency lights are operational and serviced as per applicable fire code specifications.
  • Do not block exits with stock or equipment. Ensure that all exit doors are unlocked during store hours.
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