I wanted to write you a letter and inform you that you are at great risk! And it’s not coming from what you think and worry about on a daily basis, although you really should be concerned every day.
I’m not going to discuss fraud, theft, and loss of sales, cash flow, licensing, sales, or other normal business activities. I want to discuss security with you. And yes I know you don’t give much thought to it, and think it’s a joke, by that dismissing smile and guffaw waiting to come from your belly when I get through!
But workplace violence is a real issue for you and American business. You suffer through an incident of WPV practically every hour at your business, in one form or another. Did you realize that?
Do you also realize that American business will lose in excess of more than $120 Billionth a year alone? That amount is staggering and comes down to roughly $100,000 to every business every year!
Why that much you’re asking? Simple really. Workplace violence doesn’t just happen when an employee walks into your business with a firearm and starts shooting. And I’ll agree with you that those occurrences are rare in the business arena. But have you really considered the cost if it does happen? And not only to you and your business, but the livelihood of the people who work for you and their family?
What you may not realize is that workplace violence takes many forms. The University of South Florida tells us that 50%, of all employees will be subjected to some form of workplace violence this year. From threats, assaults (physical and verbal), harassment, and other forms. Those things can make for a ’HOSTILE WORK ENVIRONMENT’. Hmmmm seems like a readymade lawsuit to me, not based on physical injury.
A single incident of deadly or even just injurious no matter how badly, workplace violence can cost you your business. How? Because if it’s deadly then you’re looking at average of $5.6 MILLION in lawsuit awards for each employee/family affected. And the average cost for inadequate security in $1.2 MILLION per occurrence. And then consider the cost to replace all of your equipment, carpets, wall paint, and the cleaning of your office if it is close to being bloody! At least $50,000!
And you may scoff and say that insurance will cover it. But can you cover the increased costs of your premiums? Your premiums can double, triple, or even quadruple in cost. And if you’re self-insured, then it could get even riskier.
Add up the costs to your business if the average incident does occur. With one person dead, 4 wounded, and about 25 employees. You’re looking at a cost to you, insurance, or checkbook at a minimum of $12 MILLION. Can you cover that?
But over and above that consider your most valuable assets, your employees. They are more than asset’s. They make your business run. And if statistics hold true, then you’ll lose about 33% of them after this incident! And you could lose as many as 66% of them. That’s right 2\3 of them! And truthfully, who would want to work for a company that doesn’t seem to care about its people enough to do what was necessary to protect them (maybe you need to look at the OSHA guidelines)?
And then you have to think of the mental carnage and not just the physical. Those people will need help and will carry the scars long after the incident. Many will carry the loss of a wife, husband, mother, father, son, daughter for their entire lives. Some knowing they could have done something but didn’t for whatever reason. And the anger will be directed at you and your ineptness, at least the lawsuit will say that. But you can say you didn’t know when you get to court. By the way, plausible deniability is not a good option.
And then your business comes under attack. How will you handle the negative publicity? What about when the press starts hounding you or your spokesman for a statement? And then of course when those valued employees start sharing pictures and words on twitter and Facebook? This my ‘never to be client’ will be your greatest threat to your business. It can shutter your doors quicker than money.
So, you concentrate on making money and acquiring new business. Someone out there is going to be ‘gunning’ for you and your business. With no security, cameras that barely work and are never monitored, and you who thinks it can’t happen to you. Good Luck!
Clients rely on the 30 years of skills, knowledge, & expertise of Sollars Security Shield to ensure the safety and security of their property and their most important asset’s – their people. He helps these companies to avoid the multi-million dollar lawsuits that can result from a single incident of WPV.
Robert D. Sollars is a recognized expert on workplace/school violence prevention. He has appeared in numerous media outlets in the past 30 years of being in the field and 20 studying, writing, and speaking about WPV/SV.
Robert uses the 30 years of field experience to give real life examples of incidents pulled from both his experience and the news headlines. Let him do this for you as well. Contact him at 480-251-5197 or visit the website at;