Your insurer is your partner in the risk business. The more insurers understand how security products can impact risk mitigation, the more effectively they will be able to price premiums. Your company’s insurance rates are commensurate with your risk exposure,” says Neil Lakomiak, Business Development Director, Building and Life Safety Technologies for UL LLC.
It’s often remarked as a selling point for new products and services that adding technology to your security program can help reduce risk and lower your insurance rates, which brings more value back to the business.