When Should You Consider Hiring A Private Detective For Your Business
Running a business is a lot of work, from managing day-to-day operations to keeping an eye on your competitors, overseeing your team members, and monitoring your revenues. While these are functional essentials for an organization, they are hardly enough to ensure an easy ride for business owners.
You may encounter unexpected situations and events, sometimes necessitating external help. You can outsource services such as accounting, IT support, and payroll. But these are just the usual, as you may also have to bring in a private detective to do some heavy lifting.
The private detective services industry generated revenue of $7.3 billion in 2022. Moreover, more than 32,000 professionals offer these services. These figures show that more people use these services than you imagine.
The clients for these professionals aren’t only people looking for cheating spouses and long-lost things. Even businesses may hire them for valid reasons because it is absolutely legal to bring them on board. Let us explain when you should consider collaborating with a private detective as a business owner.
Having A High-Value Business
High-value businesses deal in costly products, confidential data, and loads of cash. Consider a thriving business location like Palm Beach County in Florida. The area is buzzing with investments, with 140 companies relocating to it, with $1.12 billion in capital investment over the past five years. West Palm Beach, in particular, has a superlative business climate, making it a hub for high-value enterprises.
Not surprisingly, hiring a private detective in West Palm Beach is a norm for business owners in the area. Having someone taking care of your premises and assets gives you peace of mind and lets you focus on your business. You can also depend on them to provide basic safety training to your employees for an extra layer of security. They can also recommend the installation of surveillance devices for your premises.
Conducting Background Checks
Conducting background checks is a sensible thing, whether you run a small store or a thriving enterprise. Statistics show that employee theft costs American businesses around $50 billion annually. Even worse, 75% of employees admit to stealing from their employees at least once. Why not pick the ones with good character and integrity? Background checks can take care of this factor.
According to ACES Private Investigations, business owners can make better hiring decisions by integrating background checks into their recruitment processes. But HR professionals seldom have the time and capacity to dig deep into candidates’ profiles and verify clean criminal records. Private investigators can bear the burden and deliver reliable information.
Address Internal Disputes
Besides dishonest employees, internal disputes are another challenge businesses may come across. Sexual harassment, violence, civil rights violations, and false accusations are the worst things that may happen amid employee disputes. As a business owner, you may encounter false allegations from employees who want to get back to you.
A hostile working environment is the last thing you want because it can affect your financial growth and create a toxic work culture. A private investigator can help you get the facts straight by conducting an extensive investigation of disputes and allegations. They can talk to the parties involved and share their findings. You can also use their testimony in court to validate the truth.
Investigating Liability Claims
Liability claims are widely prevalent in the business landscape. Did you know that the largest product liability claim amounted to a whopping $28 billion? It was filed against Philip Morris in 2002, with a woman claiming that the company failed to warn her about the risks of smoking, contributing to her lung cancer.
Besides product liability claims, you may face lawsuits for workplace accidents, personal injuries on premises, and IP infringement. Having a private investigator to gather evidence can make all the difference when it comes to defending yourself in court. Imagine the value of evidence when a worker, client, or competitor files for a hefty compensation. You may end up saving millions in penalties and protecting your reputation in the long run.
Hiring a private investigator may not be on your checklist as a business owner. But you may need their services in these circumstances. Having an expert ensuring security for your premises and assets gives you peace of mind. At the same time, they can help you deal with dishonest employees, insider disputes, and liability claims. All you need to do is find a dependable professional you can rely on, and you can rest assured about the safety of your business, employees, and reputation.