Residential and commercial property developers are some of the Canada’s most visionary entrepreneurs, taking incredible financial risks to build our cities and towns, filling them with homes to raise our families and constructing the buildings needed to grow our businesses. But they don’t always think security first.
When constructing a new residential or commercial development, for example, their focus tends to be on getting their buildings or home built. Makes perfect sense. But when their crews go home at night, many of these properties are left under-protected. There are many instances when we’ve been called in to patrol a development after the property has been subject to some form of crime, be it theft or vandalism. It’s only then that we realize that the developer entrusted the protection of their multi-million-dollar investment to a single security guard.
Inadequate security coverage is common
That’s right. There are times when a lone guard is tasked with protecting an entire complex or building, despite the fact that it may cover a sprawling swath of land, and in most cases isn’t yet equipped with necessary security technology to facilitate easier monitoring. To call this a major security oversight would be an understatement.
That said, it’s not always practical to hire an entire security team to monitor a development under construction. Margins are tight in the construction phase and developers are inherently budget-conscious in their dealings. As a business owner, I understand their frugal philosophy. But it’s important to note that hiring a few guards is far cheaper than the cost of managing property damage, theft or vandalism. That’s why it’s important for development firms to be sure to take security into account when formulating their construction budgets. Doing so will help ensure that a vital consideration—security—is covered off, while avoiding surprise expenses that can negatively impact a project’s success.
Another important point to consider is site access. You may have enough guards on site, but are entry and exit points controlled? Even the most diligent guards will be forced to turn their backs and patrol different areas throughout their shift—they can’t be everywhere at once. If your development has open access points, you only invite added risk. Now, it’s often not feasible to fence in large housing projects. But by installing effective LED lighting, budgeting for ample security coverage and even installing high-definition cameras as a matter of practice from the start of a project, you can help secure peace of mind and deter would-be criminals.
Commercial property security starts with site access control
Of course, security for new developments isn’t only a nighttime consideration. Any reputable security firm should be able to work with your organization to develop a 360-degree security strategy that assesses all potential threats and vulnerabilities and takes steps to mitigate risk at all points of the day or night. During working hours, for example, it’s wise to document any trade, administrative employee or development firm representative who enters or exits the property, including the time they arrived and departed, their contact details and the reason for the visit. Understanding exactly who’s stepping foot on the property will not only provide greater access control, but will also ensure accountability—by helping to determine who was on-site and when—if an incident occurs.
The risks of allowing unauthorized visitors isn’t restricted to potential property theft or damage, of course. Poor property access control also invites dramatically increased insurance liability. If an unauthorized visitor is injured while on your property and your organization is deemed to have been negligent in securing the site, you could be on the hook for a substantial payout to people who shouldn’t have been there in the first place—not to mention hefty legal fees. While incidents such as these are thankfully relatively uncommon, when they do occur, they can be financially crippling for a cost-averse developer.
Round-the-clock condominium security is crucial
That’s particularly true in the case of high-rise condominium or office towers. There have been incidents of individuals taking cranes for a joy ride, for example. Spoiler alert: bad things happen when cranes are used in inappropriate ways by untrained operators. And let’s not forget about the Internet-driven phenomenon whereby people climb to the top of extremely tall structures and film themselves doing flips or hanging off girders for the benefit of their online followers. Again, there have been examples of people falling to their deaths when trying such stunts.
You simply don’t need to attract increased legal liability and risk by failing to secure a construction site. That’s why it’s so important to hire an experienced security firm with the resources to provide adequate, round-the-clock coverage for your development, whatever its size or scope.
Real estate markets might fluctuate and economies can be volatile, but by controlling security risk, you can at least keep the lid on otherwise manageable costs and focus on what you do best—building exciting new residential and commercial communities.
Winston Stewart, President and CEO