Is Cost of A Security System Worth It?InstaGratz
Securing your home or place of business can cost hundreds or thousands of dollars. However, in most cases, the money will be well spent. There is no way to put a price on your peace of mind as well as on the safety of your customers or family members. Let’s take a look at why the cost of a security system is worth paying.
Any Family Can Be Vulnerable
No matter where you live, there is always a chance that someone could break into your home and take the things that are most valuable to you. Even if you don’t care that you lost your television or laptop computer, a criminal may not stop at taking physical possessions. They may also choose to kidnap one of your children or take documents that could be used to steal your identity.
How Much Are You Worth?
If someone steals your identity, they may be able to open lines of credit or apply for mortgages worth hundreds of thousands of dollars. When that much money could be on the line, the thought of spending $100 a month on a smart home security system may not seem like such a big deal.
If someone were to gain access to your bank accounts, he or she could possibly steal thousands of dollars with little or no chance of getting it back. Your life savings could literally be taken away from you in a matter of minutes unless you pay for a credit monitoring service as part of an overall security system.
How Much Is Your Business Worth?
The value of your business is more than just the amount of revenue it brings in each year. It may also be counted by how much a building is worth or how much its stock price is valued at. In the event that someone breaks into your place of business, it could shake the confidence of your shareholders. It could also scare off anyone who was thinking about buying your business. At the very least, you may have to take less than your company is worth because of security concerns.
All told, you could lose hundreds of thousands or millions of dollars by not paying for an adequate security system. While you may not like the thought of paying upfront for something that you don’t want to use, it is better than tarnishing the value of your brand in both real dollars and in terms of lost goodwill within the community.
You Have a Duty to Protect Your Employees and Customers
When you run a business, you have to consider the interests of your employees and customers. If there is a data breach, dozens, hundreds or thousands of people could have their identities stolen. That could result in a mountain of lawsuits against your business that may all result in judgments against it. It may not be long before the company has to file for bankruptcy or spend the next several quarters trying to recapture the money spent paying victims of that breach.
You Can Customize Your Security System
The good news is that you can customize a security system to meet your needs. In some cases, all you need is a smartphone app to monitor your home or business when you can’t be there. Apps may also make it possible to link your home to emergency services in the event that your home or business is ever broken into.
If you are a parent or a business owner, you need to invest in some sort of a security system. While you may worry that you can’t afford to pay for it now, the alternative may be both financial and emotional costs that last for years if not forever.