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Employee theft accounts for some of the highest losses among small business owners every year. Follow these six tips to prevent employee theft and protect your small business. Surveillance can be helpful in catching theft, but it should be subtle. Higher wages can help prevent theft. Perform a background check.
Crime Rates Areas with higher crime rates often have higher property insurance rates due to the elevated risk of theft, vandalism, and other crime-related damages. Strategy for Investors: Check local crime statistics as part of your due diligence when purchasing property.
Insurance companies take into account things like traffic, crime, frequency of accidents and even the weather. So if you live in a city with a lot of traffic or in an area with more crime, your insurance may cost more than if you live in a quieter, safer place. But that’s only for starters.
Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurance company will charge to protect you. These features reduce the risk of significant damage or theft, meaning less risk for the insurance company.
Well, your insurance premium is no different. If your neighborhood has experienced an increase in crime, a decline in property values, or even changes in local government policies, this could trigger a higher premium. Insurers constantly assess the risk factors associated with your area, and those risk factors don’t remain static.
In short, their value is highly subjective and requires expertise and connections beyond most insuranceagents or brokers. In this guide, well break down the unique value of antique duck decoys, key appraisal considerations, and what you need to know to offer the right insurance solutions. Ready to get started?
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