FEATURE
BIKMO’S TOP TIPS FOR RETAILERS TO PROTECT THEIR STORES
Alarms Always use NSI or SSAIB accredited security companies for high-quality installation and maintenance. Remote signalling is essential, preferably to a third party alarm receiving centre
Physical security Shutters, window grills, perimeter fencing and ram raid bollards will all make it that more challenging to get in
CCTV An effective CCTV system can be both a deterrent to crime and a lifeline in defending liability losses
Lock your bikes Consider locking up high-value stock in store, making criminals think twice
Security patrols Working with local security companies to keep an eye on your shop during unsociable hours or any prolonged periods of inactivity can keep criminals at bay. This can be especially beneficial if your shop is located away from well-populated areas which benefit from natural passer-by protection
Tag and track Consider using tagging and tracking technology to deter any would-be thieves
The alarm system has also been upgraded, all making the shop as secure as possible, albeit at the expense of customer convenience.
A concerning trend
The risk of thefts for businesses has resulted in cycling insurers adapting their products to support retailers. Specialist cycling insurer Bikmo has just launched its first
product for retailers, underpinned by the company’s cycling-centric philosophy. Ben Frith, commercial insurance manager for the Cheshire-based insurer, said: “At best theft is an inconvenience, but at its worst it can have a devastating long-lasting impact. “The impact is wider than just the cost of replacing a bike - it could cause major disruption and a downturn in trade. For many bike shop owners it may also be the first time they’ve actually had to put their insurance to the test - did
they get their stock sums right? Have they understood and complied with security conditions? Have they included cover for the collateral damage and knock-on business disruption?” Frith said that the concerning trend in the current climate is that bike thefts appear more organised than they have been: “Local crime trends become less relevant when you consider the lengths that organised gangs will travel if they identify a vulnerability and an opportunity. “Rising bike costs will have caught the attention of organised criminal gangs - they have a growing incentive to investigate bike shops. Coupled with the need to commit to larger orders to secure stock, it’s increasingly important to keep a close eye on true stock values versus your insurance’s sum insured and policy limits.” ●
8 | August 2022
www.bikebiz.com
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