The topic of business theft makes many managers automatically focus on retail theft. It’s not hard to understand why. The 2019 National Retail Security Survey noted that the average shoplifting incident resulted in a loss of $546.67 and the average robbery cost companies $2,885.15. Those are significant numbers.
However, it’s worth remembering that many other types of business also face substantial theft risks. Citing statistics from the National Equipment Register, Construct Connect reports that the annual value of stolen construction equipment ranges from $300 million to $1 billion. Similarly, BSI’s Annual Cargo Theft Report shows that the median cargo theft amount in North America was $80,000, and eight such incidents occurred every day. And that’s just the tip of the proverbial iceberg when discussing business-equipment theft. Read More about Equipment Security: 7 Tips to Properly Protect Business Equipment »