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Why Your Business Can’t Afford to Not Have a Security Budget

fixing a locked safe

If you think your business can do without a security budget, think again. 

When it comes down to structuring an annual budget, security isn’t always a key consideration. It’s only until a loss occurs that business owners realize the importance of securing their assets.

Having a security budget in place makes it easier to bounce back from negative experiences that could affect the future of your business and your brand’s reputation. From theft and data breaches to situations that endanger the lives of employees, security should always be a consideration.

If you need more convincing, here are some specifics to consider.

Why a Business Security Budget is Must

  • Secure Your Most Important Assets

Having a security budget in place ensures your assets are secure, even if it’s only your most important assets. Once you start evaluating what you potentially want to secure, inherent security flaws start becoming more obvious. This is an excellent exercise for any business. It gives you the opportunity to pinpoint any security flaws that have been overlooked until now. Once you have a security budget in place, you may need to prioritize what you want to secure first, keeping in mind that quality locks and security systems are a better long-term investment.

  • Eliminate Unnecessary Costs

In the long run, having a security budget saves money. When you take the time to allocate money to specific security measures, you reduce the chances of wasting money on expenses that aren’t in the best interest of your business. As an added bonus, the more secure your business is, the lower your insurance premiums will be.

  • Plan for Emergencies

Emergencies aren’t inevitable but they are a possibility. By setting aside a budget and resources to cater to emergency situations, you minimize any business downtime. Whether this is a natural disaster or theft and vandalism, an emergency fund gets your business back on its feet sooner.

  • Leaves Room for Expansion

Even if your security budget isn’t massive right now, it’s important to at least have some basics in place. Once your most important assets and rooms are secure, there’s room to upgrade and improve security going forward. It’s much more affordable to upgrade and add on to existing systems. What’s more, going through the exercise of developing a security budget gives you an idea of the costs you can expect going forward.

Developing a Business Security Budget – What’s Next?

The best way to start developing a security budget that meets the needs of your business is to arrange for an audit.

At Quickly Locksmith, we’ve helped countless Miami businesses with security audits to make it easier to develop a security budget that meets their specific requirements. It’s very easy to miss security flaws when you don’t know what to look for.

Following a security audit, you will understand exactly what’s essential and what can be put off to a later date.

Along with considering physical security measures such as surveillance, commercial door locks, and access control, business owners should keep cybersecurity measures in mind too.

Both physical and cybersecurity is tied to the overall success of your business. In fact, many of these security measures are interlinked. Your servers might be secure, but just how secure is the server room? A security audit helps highlight these key considerations.

If you need assistance with a business security audit, contact us and one of our locksmiths will meet you at your premises.

David Davidof

David Davidof

David Davidof is the founder & owner of Quickly Locksmith. The business has grown from strength to strength to become Miami’s go-to provider for Locksmith and Security services. Whilst the company has grown, the founding ethos has remained the same - Helping people in emergency situations and giving them the feeling they are safe.

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