Business owners have a lot to think about—like growing their business. While insurance costs may not be as high on the priority list as making money, it’s still an important consideration. There are many ways to lower insurance premiums, and a commercial gate should be on this list.

Commercial Gate Security

Security is one of the main components insurance companies look at when determining premium costs. Even the smallest business should have commercial general liability insurance to cover any bodily injury and property damage. Responsible business owners that have security measures in place are less of a liability. They’ve taken the time to help ensure the safety of employees and customers. Here are just a few examples of how a secure, commercial gate will rate with an insurance company:

• Minimize risks. Securing your place of business and/or the parking lot surrounding it helps to reduce the possibility of theft or other offenses. This also reduces the possibility your business will make a claim, which saves you from rate increases.
• Increase precautions. A security gate gives you the power to control who enters and exit the premises. This is one precaution to help deter criminal behavior.
• Workplace safety. Employees and customers can also make claims against your business. Installing a commercial gate that records activity around your location can help deter anyone from making false claims. It can help your case with evidence of what really happened.

Regular Gate Maintenance

Insurance policies are renewed on a regular basis. This is a great reminder to maintain the commercial gate protecting your business to ensure it continues to function properly. A faulty gate is no longer secure, and may mean the same lower insurance rates are no longer valid.

Insurance Discounts

If you’ve recently installed a commercial gate, or looking to change insurance companies, don’t be afraid to ask for discounts related to security. Some insurance carriers may specialize in the type of business you own and will be able to recognize the benefits of having a commercial gate installed.

When you manage the risk associated with your business, you’ll be better equipped to deal with whatever may come—plus, it could come with a nice perk like lower insurance rates. For more information on installing a commercial gate, contact the Security Five specialists at 610-323-9511.

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