The Not-So-Secret Insurance and Tax Advantages of Having a Security System:
It’s tax season, and everyone is looking for new ways to save money. To help fill your pockets, SDA would like to point you in a somewhat unconventional direction; the security industry. Most people can see why a security system is good for their building, but not everyone knows how a security system can be good for their bank account. More than likely, you have a security system already in place and are not reaping the FULL benefits. Read closely:
Lower Your Insurance Bill
Surveys of convicted burglars have confirmed on many occasions that having a security system (and proudly displaying signs to inform passerbys) greatly deters burglars from attempting to break into your location and reduces your chances of being vandalized. And THAT is exactly what insurance companies like to hear. Most insurance companies will lower your premium by 5% - 20% when you offer proof of an installed security system on the premise.
Lower Your Tax Liability
Typically, having a security system installed and monthly monitoring your business is eligible as a deductible business expense. (A little insider’s secret, this also applies if you are running your business out of your home.) And who doesn’t like the sound of that?
If you aren’t quite sure how to apply these discounts to your insurance policy, give SDA Security a call at (866) 261-2504! We’ll talk you through it. Happy Holidays!