Henshalls News

Shropshire businesses are more likely to become crime victims as the credit crunch tightens its grip.

That's the message from Anthony Hughes, of Henshalls Insurance Brokers in Newport and Shrewsbury, who warned companies to protect themselves while the challenging times continue.

"Research has shown that arson, malicious damage, and breaking and entering are all on the increase across the UK.

"This is typical when a Recession hits, particularly when it comes to malicious damage and arson, as premises are often left unoccupied and unprotected when businesses fail.

"We've also seen a definite increase in the number of incidents of breaking and entering, as people turn to crime to try to solve their financial problems.

"Empty business premises are an easy target for vandals, and it's vital to ensure that your company building is protected - even if cutting back on your insurance premiums seems like an obvious way to save money."

Anthony said figures had shown that in the last 12 months, crimes against businesses had increased by around 10 per cent, with a marked increase in "recessionary" crime.

"In particular, theft of plant vehicles from building sites has grown, which is perhaps as a result of it being left unattended as construction projects are put on hold until the financial tide turns.

"Surveys show that around one in 14 businesses across the UK has been a target of crime in the last year, and as the economic crisis continues, we fully expect to see these figures grow.

"We would urge all business owners to protect their premises by keeping up to date with their insurance payments, even if their situation is growing increasingly difficult.

"At a time like this, when businesses are more vulnerable than ever, you cannot afford to become an easy target and risk your only remaining assets by leaving them uninsured."