There is more to vehicle theft than just the pain of losing an essential asset. Such incidents come with a lot of problems that can significantly impact your business.

Demoralises Employees

Any downtime, more so during the peak season, can negatively affect your business. But you have more to look into than just your business. Your drivers are also affected by downtime caused by vandalism or vehicle theft.

When you're waiting to repair the damaged vehicles or replace the stolen ones, some of your employees will have to stop working. This means that most of them may not be able to pay for basics like food, gas, and other utilities.

Such a state of being may demoralise your employees to the extent that it affects their work performance. That's why you should try to minimise this downline or, even better, prevent the whole incident from happening in the first place.
The best way to do this is by installing a van tracker in your fleet. This gadget can help you track your vehicle and quickly share the thief's location with the relevant authorities.

Can Lead to Bankruptcy

Consistent vehicle theft cases may force your company into bankruptcy. Without a van tracker you can end up spending more cash on repairs and buying replacement vehicles, leaving very little money to run and expand the business.

This often happens to those running a small company trying to find its place in the industry. Although most companies try to avoid bankruptcy by securing additional finances to run the business or selling it to a competitor, this unfavourable solution can eventually become the final and the only option.

Small, underperforming companies may require the owner to declare personal bankruptcy, according to how the company is structured and organised. No matter the downfalls in your business, you don't want to walk through the long and arduous process of bankruptcy.

Declaring bankruptcy might also create an economic ripple influencing other organisations in the business environment. But the good news is, you can prevent such disruptions by investing in a van tracker.

Tens of thousands are lost each year in the UK from vehicle theft. According to Fleet News, companies lose approximately £16,000 annually as a result of theft. And the cost is even steeper for larger fleets consisting of 100 to 250 vehicles.

Such instances amount to an average loss of about £50,000. That is why it's essential to keep track of your fleet and the expensive cargo they carry. Through a van tracker, you can respond to theft alerts promptly alongside having peace of mind when making deliveries.

A Vimcar Fleet Geo van tracker helps you know where all your cars are and where they have been. The van tracker avails advanced functionalities such as geofencing that allows you to set a virtual boundary around a specific location.

Thanks to geofencing, you can quickly know when a vehicle has left your lot. And that's not all! Another fantastic attribute is the theft warning functionality: a feature that notifies you through an email, push notification or an SMS whenever a car not in use suddenly starts to move.

You can switch off this silent van tracker alarm through the Vimcar software. However, when left on, the theft warning functionality sends an automated message to the fleet manager. By combining these features and telematics tracking, you can be more confident about getting your stolen car and assets back in no time.

Dealing with vehicle theft cases is costly and stressful—without mentioning you might never see the car again. A stolen company vehicle means that there's one less car to run business errands which can damage customer relationships or business efficiency.

Remember, the less time you take to get the vehicle back, the less disruption you'll have to deal with. So, how can you go about this?
It's pretty simple. If someone moves your vehicle out of the set virtual boundary, you'll immediately receive a notification either by email or push message to your phone. Here, time is essential, so you need to file a police report in less than 24 hours.

Dial 101 and request to be connected to your local police. Ensure that you have your vehicle's make, model, colour, and, most importantly, registration number.

Luckily, you can find all this information in your Vimcar vehicle profile. The live GPS tracking feature makes it easy to monitor the stolen car's movement and give the police the exact coordinates. Be sure to also call your insurance company for detailed information on how to process an insurance claim.

Different companies have different things to consider when it comes to security. Besides weighing how to protect their workers and goods, they have to consider their employees' and customers' information, product information, financial records, and much more.

With cyber breach cases being on the rise, it is understandable why managers are progressively increasing cybersecurity budgets. But you shouldn't only focus on that. When physical devices break down, they can put all your security investments at risk.

That's why it is best to adopt modern security approaches that go beyond traditional perimeter security practices. Here are some of the theft concerns different industries face.

Violence, Criminality, Theft

Although this sounds straightforward, it can cause the most damage to many industries. There are countless ways through which theft can occur in companies:

Outsiders
A single breach in a company's lock system is more than enough to allow unauthorised personnel to cause havoc on a facility. By breaching a locked system, thieves get access to confidential areas.

Insiders
Unlike outsiders, threats from within can be even more damaging. Your workers can access videos and CCTV footage and remove records, getting rid of any evidence of a crime. Additionally, they can instigate a false alarm to keep the security personnel occupied while the crime occurs.

Black Market Replicas

Stolen property can lead to a painful loss for a brand. These goods get into the market as counterfeit products. They can destroy not only the original brand's reputation but also harm their revenue.

Cybersecurity Threats
An increase in cybersecurity threats has, in turn, increased hybrid physical and cyberattacks. Modern security cameras, locks, and smart doors used to protect properties are now targeted by hackers.

Malware attacks
Malware is one of the biggest threats facing industries out there. It encompasses various cyber threats like viruses and trojans. Here, hackers develop malicious code to steal data, destroy it, or gain access to networks.

Malware often comes from spam emails and malicious website downloads. These attacks put customers and employees at risk since they give hackers back-door access to the company data.

Ransomware
Ransomware involves encrypting data to prevent it from being used or accessed by a specific company and then forcing them to pay a ransom before unlocking the data. This leaves many businesses stuck between losing money by paying the ransom and crippling their services—amid the glaring concern of data loss.

Risk Assessments and Old Facilities
Establishments with older facilities might have loopholes that they're unaware of. That's why updating them is a substantial investment. And the first step to improve security is risk assessment.
With various industries' theft concerns in mind, you can now prioritise specific attacks that would cause substantial damage to your company. When it comes to vehicle safety, a van tracker makes it easier to monitor and protect your fleet.

Apart from using van trackers to protect your vehicles from thievery, you can also use them to ensure your employees aren't misusing company vehicles. After all, you've spent a lot of money buying the cars and fueling them. So, it's only fair that you want to be sure no driver uses the company vehicle for excessive personal mileage.

Through features such as geofencing, you can know the cars' real-time location and get notified immediately if they get out of designated routes. Plus, you'll know when the drivers use the vehicles outside business hours, thus minimising vehicle misuse.

Instead of reacting to inefficiencies and issues after a theft or problem occurs, you can now use van trackers to make wise operational decisions that positively impact your business. With Vimcar's van tracker at your disposal, you can rest assured of increased efficiency, lower costs, and higher profits.