Podcast
Questions and Answers
What is the annual rate of property crimes in the United States?
What is the annual rate of property crimes in the United States?
Approximately 2 million
Over 75% of property crimes are solved, highlighting the challenge in prosecution.
Over 75% of property crimes are solved, highlighting the challenge in prosecution.
False
Which of the following is NOT a reason why commercial properties are vulnerable to crime?
Which of the following is NOT a reason why commercial properties are vulnerable to crime?
What are examples of common targets for forced entry?
What are examples of common targets for forced entry?
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Safes, chests, and vaults are targeted for theft through electronic means only.
Safes, chests, and vaults are targeted for theft through electronic means only.
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What is one reason why vandalism can be costly?
What is one reason why vandalism can be costly?
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What is the primary goal of Industrial Espionage?
What is the primary goal of Industrial Espionage?
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Which security measure involves a system that triggers alarms when doors or windows are tampered with?
Which security measure involves a system that triggers alarms when doors or windows are tampered with?
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Loss Inside the Premises insurance coverage pertains to events that occur outside the property boundaries.
Loss Inside the Premises insurance coverage pertains to events that occur outside the property boundaries.
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What is one way to deter forgery?
What is one way to deter forgery?
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What does Loss Inside the Premises insurance typically cover?
What does Loss Inside the Premises insurance typically cover?
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Who is covered under the Loss Inside the Premises insurance policy?
Who is covered under the Loss Inside the Premises insurance policy?
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Why might a business write a large number of checks?
Why might a business write a large number of checks?
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What are some ways to prevent forgery?
What are some ways to prevent forgery?
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Study Notes
Property Crime
- Approximately 2 million property crimes annually, affecting commercial and residential properties.
- Over 75% of property crimes remain unsolved.
- 25% of bankruptcies are linked to criminal activity.
- 40% of property crimes involve commercial properties.
- Commercial buildings face risks like vandalism, burglary, and arson.
- Valuable, portable items are prime targets.
- Doors, windows, roofs, walls, and HVAC vents are common forced entry points.
- Safes, chests, and vaults are also targets for theft.
Crime Prevention
- Unauthorized access using keys, codes, or insider involvement.
- Criminal acts can involve force or threats.
- Vandalism cases exceed $1,000 annually.
- Targeting only certain entry points isn't comprehensive protection for businesses.
- Secure locks resistant to picking and sawing are recommended.
- Security devices trigger alarms when doors or windows are tampered with.
- Security that detects broken glass in windows or doors.
Insurance Coverage
- Insurance agreements concerning dishonesty, employee losses post-employment, losses inside/outside the premises are covered.
- Money orders, counterfeit checks, and deposit slips are covered in commercial crime insurance.
- Employee liability with increased chances of theft.
- Audit checks are beneficial.
Fraud Prevention
- Check related issues for security and to prevent forgery.
- Preventing theft of money from attempted safe robberies and security shredding.
- Proper authorization for handling insured property.
- Control the use of fax machines and cheques for fraud prevention.
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