Make this an unhappy Christmas for business criminals

Dec 11 2007 by Peter McCusker, The Journal

THE latest findings from a business crime survey reveal the number of claims settled between July and September 2007 is 20% higher than the same period in 2006.

Incidences of theft have increased dramatically, with claims up 27% on the same period in 2006 and up 45% on quarter two of this year. The average crime claim settlement now totals £3,998. Commenting on the findings of the AXA Business Crime Index, Doug Barnett, risk manager at AXA said: “Crime related claims have been consistently higher this year compared to 2006.

“This is particularly worrying as we approach the Christmas period which is traditionally one of the busiest periods for business crime.

“With many people taking holidays and some businesses closing entirely, premises will be left empty and under-staffed.

“Retailers are also vulnerable as stores carry increased levels of stock and as customer traffic affords more opportunity for thieves. We are urging business owners of all types of business to review their security precautions ahead of the festive period so they don’t give criminals a Christmas present this year.”

Gareth Elliott, policy adviser at the British Chambers of Commerce, said: “Sadly, business crime continues to rise and in this the festive season the police need to be extremely vigilant.

“Despite the increase in criminal incidents, with no clear police statistics available to illustrate the problem there is growing concern amongst company owners and employers that business crime will remain a sidelined issue.”