Business crime affects all businesses and not all businesses can easily absorb the costs. It’s also often smaller firms that are hit the hardest. The impact of business crimes include:
- Direct financial losses
- Costs to replace damaged equipment and premises
- Lost time spent dealing with the crime
- Lost customers and damaged reputation
- Increased insurance premiums
- Affected staff and the wider community
- The risk of being a repeat victim
Our research shows businesses in the hospitality, retail and agricultural industries are most affected by crime. A Home Office survey of commercial premises shows that crime has fallen since 2013. We welcome the decline but want our members to better protect themselves from crime in the first instance.
Action FSB have taken
- We’ve lobbied the Government to ensure police forces record business crime separately to other crimes.
- We’re calling for more resources to be allocated to areas where business crimes are higher.
- We’ve argued for more business input into the local policing strategies of Police and Crime Commissioners and the national strategy of the National Crime Agency.
- We want our members to report the crimes that affect them and get involved with Business Crime Partnerships to ensure they’re reducing their vulnerability to crime.
We want small businesses to better protect themselves from becoming the victim of crime. We want the authorities to take crime against small businesses seriously, recognising it has a serious impact on individuals and the economy both locally and nationally.