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The Underappreciated Security Threat to Your Financial Health

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Published

7 years ago

on

Jewelers may be ‘greatly underestimating’ this risk.

About one in three of jewelers believe armed robbers pose the biggest security risk to their business’s financial health, according to the results of INSTORE’s 2017 Big Survey.

That is much higher than the one in 10 who perceive burglars to be the No. 1 threat.

To be sure, an armed robbery is a frightening prospect. But John Kennedy, president of the Jewelers’ Security Alliance, expressed concern that some jewelers may be “greatly underestimating” the danger of burglary, noting that in the first six months of 2017, it was the biggest source of financial loss for American jewelers both in number of events (103) and dollar losses ($8.9 million).

“With respect to burglary, jewelers can’t rely on TL-15 or TL-30 safes; they need line security for their alarms, and must respond with police to every alarm condition,” Kennedy said.

Shoplifters

2017
 

15%

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2013
 

18%

 

Smash and grab thieves

2017
 

20%

 
2013
 

17%

 

Armed robbers

2017
 

32%

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2013
 

25%

 

Burglars

2017
 

12%

 
2013
 

9%

 

Internet scammers

2017
 

10%

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2013
 

6%

 

Staff

2017
 

8%

 
2013
 

19%

 

Home invasion/kidnap gangs

2017
 

2%

 
2013
 

6%

 

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This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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The Underappreciated Security Threat to Your Financial Health

mm

Published

7 years ago

on

Jewelers may be ‘greatly underestimating’ this risk.

About one in three of jewelers believe armed robbers pose the biggest security risk to their business’s financial health, according to the results of INSTORE’s 2017 Big Survey.

That is much higher than the one in 10 who perceive burglars to be the No. 1 threat.

To be sure, an armed robbery is a frightening prospect. But John Kennedy, president of the Jewelers’ Security Alliance, expressed concern that some jewelers may be “greatly underestimating” the danger of burglary, noting that in the first six months of 2017, it was the biggest source of financial loss for American jewelers both in number of events (103) and dollar losses ($8.9 million).

“With respect to burglary, jewelers can’t rely on TL-15 or TL-30 safes; they need line security for their alarms, and must respond with police to every alarm condition,” Kennedy said.

Shoplifters

Advertisement
2017
 

15%

 
2013
 

18%

 

Smash and grab thieves

2017
 

20%

 
2013
 

17%

 

Armed robbers

Advertisement
2017
 

32%

 
2013
 

25%

 

Burglars

2017
 

12%

 
2013
 

9%

 

Internet scammers

Advertisement
2017
 

10%

 
2013
 

6%

 

Staff

2017
 

8%

 
2013
 

19%

 

Home invasion/kidnap gangs

2017
 

2%

 
2013
 

6%

 

Related Topics:

click to Comment(Comment)
Advertisement

SPONSORED VIDEO

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

Promoted Headlines

Most Popular