Business insurance can be costly but vital for all businesses to protect you from loss and damages. One way to save on insurance premiums is to install a state of the art CCTV system to reduce your liability risk. Most insurance companies will often offer reduced rates to businesses who invest in CCTV systems, as they see you are taking the appropriate steps to protect your business. 

How much can you save on Insurance Costs?

You can expect a reduction of up to 20% on your business insurance premium if you install a state of the art CCTV system. However, there are a lot of factors that will determine your business insurance premium. Insurance companies will send out an underwriter to conduct a risk assessment where they will assess risk factors such as:

  • Your companies’ business location
  • Your companies’ loss history
  • Nature of business operations

The amount you can save on business insurance premiums depends on the function of the security camera. Many insurance companies consider these factors in determining the prices of their premiums:

CCTV Monitoring

To receive a discount on your business insurance premium, some insurance companies may require that your CCTV cameras are monitored by a security staff member so that potential threats can be quickly mitigated. Connecting your CCTV cameras to your central alarm system will also reduce the response time of emergency personnel.  

Location of CCTV Cameras 

The location of your CCTV cameras also plays a big factor when conducting your risk assessment. Liability claims can be very costly for businesses and their insurance providers. 

In the event of a workplace accident, CCTV footage can provide insight as to whether the staff member was neglecting safety protocols. Covering potential hazardous areas such as stairs, entrances and equipment rooms will reduce and deter the number of potentially fraudulent claims.

Installing CCTV cameras in high-risk areas such as cash registers, stock rooms and loading bays will also reduce potential theft opportunities.  

Integrated Access Control

Integrated access control paired with CCTV cameras allows you to control who enters your premises. Biometric scanners and number plate recognition software will deter potential bad actors.


It is important to remember that installing a CCTV camera system is not a shortcut to save money on your insurance premium. Your primary focus should be to protect your business from break-ins, theft and liability.  

Before installing your CCTV camera system, we highly recommend that you consult your insurance provider for clarification on the particulars of their policies. Installing a CCTV surveillance system that meets their requirements will reduce your insurance premium. 

How we can help you secure your assets and save money. 

From single-use interfaces to implementing multiple access control and CCTV systems, our experts can help you integrate your access control and CCTV operations. To install an effective CCTV system, we first need to have a comprehensive understanding of your requirements. There is no “one size fits all” approach when it comes to security systems. Bolela will conduct an in-depth assessment that identifies your needs and integrate a CCTV system that will not only keep your business secure but also streamline your operations. 

Simply request a callback, and one of our friendly advisors will be in contact with you for a free assessment and answer any questions you might have.