3 Ways to Protect Your Inventory From Loss

Running a retail business can be overwhelming when you consider how many ways financial loss can affect your business. In Canby, OR, the agents at Oliver Insurance are available to provide you with tips on how to keep your company’s inventory safe and secure. Your inventory is the lifeblood of your business. It’s important that you understand how to protect it.

Install Security Cameras

Install security cameras throughout your store as well as your stockroom. This will allow you to keep tabs on your inventory whether your business is opened or closed. Security cameras will give you "eyes on" your business so that you can identify potential threats and notify the authorities if the need arises.

Inventory Your Stock 

Keep an accurate inventory. If your business is small enough, you can take inventory ever six months. Larger businesses sometimes do an annual inventory and use POS technology to keep track of when items are sold. Keeping an up-to-date inventory is the best way to keep track of your sales, as well as your profit.

Have the Right Insurance in Place

Financial loss may still occur no matter how hard you try to protect it. Having the right type of insurance in place will help you recover from a devastating financial loss if your inventory is damaged, destroyed, or stolen. 

Business owners in Canby, OR can schedule a consultation with the agents of Oliver Insurance. By reviewing their existing policy and discussing what options are available, you can get the policy you need to protect your inventory and keep your business financially secure. Don’t put your business at risk! Call and talk to an agent today!