Securing Keys, Assets & People - News, Tech and Trends Blog

How many different pieces of equipment are used by your business every day? We don’t just mean things like screwdrivers and wrenches—what about laptops? Handheld scanners? Specialized instruments?

Business owners outside retail sometimes dismiss loss prevention as a challenge just for retail stores. But every business can benefit by implementing loss prevention strategies that protect their inventory and accounts.

It’s amazing how many hidden costs you uncover when you look into how your business manages its equipment. For businesses of any size in any industry, streamlining how you track and manage your equipment is an excellent way to protect your bottom line.

No matter how many safeguards you put in place, some of your business equipment will inevitably be damaged. It might be due to an employee’s honest mistake, because they ignored instructions, or it could even be the result of a malicious act, but damage is going to happen. This makes a company equipment damage policy an important tool for protecting your organization’s finances and maintaining productivity.

In this blog post we'll talk about the top 10 must-have elements you need in your company equipment damage policy:

1. Objectives and Scope
2. Definitions
3. Roles
4. Company Responsibilities
5. Employee Responsibilities
6. Policy Exceptions
7. Communication Process
8. Consequences
9. Compensation Process
10. Links to Related Forms
    
    

It seems like two or three new wireless technologies are announced every year. And most are touted as the perfect tool to run a Real Time Location System (RTLS).

Key management systems have become essential parts of commercial security protocols. They open new levels of security that were previously inaccessible to many business owners. These systems make it possible to organize access levels to a plethora of things which include, but are not limited to, warehouses, restricted facilities, and equipment.

Determining the correct amount of protection to give your assets and facilities can be difficult. Ensuring you use only the most cost-effective security solutions requires you to first have a good understanding of your unique security threats and operational needs.