One in four business affected by crime - survey

  • Story by: Maike Currie
  • Magazine: FinancialAdviser
  • Published Thursday , August 28, 2008

Over 650,000 UK businesses have been struck by crime in the last year

Advertising

A survey by insurer RSA has found that in the last year one in four businesses were affected by crime at least once and as many as 82,000 businesses were affected by crime on at least five occasions.

According to the survey the level of crime ranges widely among regions in the UK. Businesses in the north of England experienced the highest number of incidents of crime with 41 per cent having fallen victim at least once in the last year, while the South West had the fewest incidents of crime against businesses, with 6 per cent.

RSA uses a geographical risk assessment tool to detect the risks of crime, arson, flooding and subsidence for the area. The tool is so specific that it indicates the risks that individual properties face.

Graham Heale, underwriting director of property and engineering for RSA, said, "As the survey shows, risk can differ from street to street and more accurate analysis is necessary."

FTAdviser BLOGS RSS

Latest Post  

Financial crisis must not stop debate on professionalism

Over the last year, the much-discussed reforms of retail financial distribution have been ... read more

SIGN UP TO NEWS ALERTS



Is the time right for equity release?

Norwich Union is celebrating 10 years of offering equity release (Find out more).

Meanwhile, with house prices plummeting, should clients be signing up to equity release quickly to make the most of the equity in their home?

Click here to read our feature article

FTAdviser  Jobs  RSS

More positions