Theft is among the factors contributing to huge losses for many businesses. According to the Federal Bureau of Investigation, property crime makes up 83% of all crimes committed in the United States. Protecting your business from such losses is advisable by keeping your money in depository safes. The following are ways depository safes would benefit you and your organization.

Reduces Insurance Premiums

The premiums people pay to insurance companies correspond to the risk one intends to mitigate. A large business will innately have to pay higher premiums than small businesses. However, a depository safe reduces the loss your business could incur in the event of a theft or natural disaster. In such a case, you do not need to pay high premiums because the insurance company would have minimal liability. When a disaster occurs, it would be easy to manage the damage using the amount received from the insurance company.

Prevents Theft

A depository safe protects your possessions by preventing theft in different ways. The safe keeps money protected by only allowing authorized personnel to access it. These safes also protect your business from burglars because they would not have access to the money, unlike when cash is kept in the register. You might not always have the time to deposit extra money in the bank, so a safe in your office could save you time and resources. Always keep extra cash in the safe, because you never know when a robbery will occur.

Prepares for Disasters

Depository safes aid disaster preparedness by protecting documents that are vital to your company's function, such as tax records, payroll data, and customer information. The contents of written documentation with your company are very important and need protection from damage, theft, and falsification. A depository safe is a password-protected system that protects against tampering, theft, and fire. A depository safe is also made of heavy steel or iron to withstand physical attack and damage from natural events such as floods and fire. The contents of the safe remain intact regardless of the nature or intensity of the elements that damage other items. Therefore, you can be assured of the safety of your documents or money when such disasters occur.

Are you worried that your business might face losses due to theft, fire, or other factors? Call Wrangler Safe & Lock today to get more information about which depository safe would be a good fit for you or your business.