The Real Cost of Vandalism

Think that minor crimes, such as vandalism, aren’t a huge deal to your business?

Many business owners make the mistake of considering minor crimes to be a nuisance and not worth worrying about. After all, they reason, the costs of preventing these crimes will be greater than the cost of the crime itself.

This couldn’t be more wrong. The U.S. Small Business Administration estimates that the average cost of each case of vandalism to a small business is $3,370. This results in a loss of 13.5% of annual net profit for a small business making $500,000 a year in revenue, according to Dr. Martin Bressler, author of a study on business crimes and a professor at Houston Baptist University.

So the next time you’re thinking about what crime costs to your business, consider the real costs and, suddenly, that security camera surveillance system may seem like a lot better investment.