Business Crime Rates Unchanged Despite Recession

Federation of Small Businesses - Localism and Tackling Crimes Against BusinessBusiness crime rates remained stable within the last two years despite predictions that the recession would trigger an increase, research by the Federation of Small Businesses (FSB) has found.

According to the FSB’s Localism and Tackling Crimes Against Business report (PDF), two-thirds of small businesses were victims of crime between July 2009 and June 2010 — the same proportion as in the FSB’s 2008 survey.

AXA Insurance’s head of customer risk management, Douglas Barnett, said that the findings were consistent with AXA’s own survey in May this year.

“We expected to see a rise in business crime between 2008 and 2010, as crime usually rises during recessions, but it has stayed level. Businesses have been much more aware of the need to protect themselves against crime.

“Many small businesses have employed additional security measures, including installing alarms, improving locks and even employing security personnel, although many would like more assistance from local police,” added Barnett.

The Federation of Small Businesses’ research found that the most common types of crime experienced by business owners were threatening behaviour — including customer intimidation and aggression towards staff — followed by criminal damage and vandalism, and vehicle theft and damage.

“Businesses can take preventative measures to avoid these costly crimes ? for example, investing in increased security for the premises,”

said FSB spokesman, Eric Beech.

“However, some things are outside of their control, such as where they can park their van to protect it from theft or damage.”

Business Crime Rates Unchanged Despite Recession

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