Shoplifting from outside customers is estimated at 36.5% followed closely by theft by dishonest employees at 30%. This causes inventory shrinkage or missing inventory experienced by the U.S. retail industry. Employee theft is quickly becoming an alarming threat for businesses. While also exploring other solutions to diminish losses from theft, businesses have addressed these concerns by investing in loss prevention technology with the losses racking up to billions of dollars in gross profit. A business can hire a private investigator to probe how theft is being done in order to successfully prevent any future instances as well as look into to any liability exposure. Advanced Private Investigator & Security of Miami, FL would like to further discuss loss prevention and prevent liability.
Methods of Loss Prevention
1) Undercover Operations. To catch theft, private investigators can go undercover. While keeping a low profile, a skilled investigator knows how to differentiate between legitimate customers and shoplifters. Based on interactions, observations, and telltale signs, an experienced investigator will understand shoplifters and can spot these sneaky customers a mile away.
2) Security Surveillance Systems. Loss prevention investigators can evaluate your existing security surveillance systems, make recommendations on what system will work best for your business as well as install and monitor these systems. Especially those that monitor employee movements, most security cameras are obvious, but others can be discreetly installed. Identifying prime locations where security cameras can be maximized to work effectively is part of the expert’s job. Watching camera feeds and security footage is where much of private investigators work. To determine patterns and types of suspicious behavior exhibited by employees and customers in certain areas of the store across different branches if applicable, they gather all the information and thoroughly go over the video.
3) Monitor Security Technology. Private investigators will monitor security technology as well. For example, the Radio-Frequency ID tags that are fastened to products and items of clothing will activate signals once an item is taken though the perimeter sensor. To ensure that these security measures will not be easily removed it is the responsibility of investigators to discover the ways that these tags can be tampered with or foiled and come up with solutions.
How to Minimize Exposure to Liabilities
There are things you can do reduce their likelihood and limit the cost to minimize the risk of liability exposure, they are found below.
1) Communicate with clients. Better communication can prevent many professional liability lawsuits. You’ll know more quickly if they’re unsatisfied with something or if they’re thinking about taking a different direction on a project by checking in with clients. Clients would come to you with these issues usually.
2) Ensure complaint resolution. You can prevent a small problem from ballooning into a big one by implementing a procedure to track client complaints, respond to them, and document your response. If you’re sued, you will want to have a record of everything you did to resolve the dispute.
3) Communicate when you need to push deadlines back. It’s better to tell your clients sooner rather than later if you’re worried you won’t be able to deliver on time, especially since no one likes missing a deadline. You can compound the issue and lead to more costs for clients with delays may interrupt your client’s workflow. As soon as possible, offer a heads up.
Private Investigator & Security Services in Greater Miami, Sunny Isles, Hialeah, Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Boca Raton, West Palm Beach & Miami Gardens Florida
When it comes prevent liability exposure and loss prevention, you can trust in Advanced Private Investigator & Security of Miami, FL corporate investigation services to help protect you!
