5 Reasons Why I’m Shredding All My Business Documents

Category: Business & Work 210

When owning a business, paper-shredding can seem like a hassle but not only is paper-shredding an important of running a safe business but for, certain businesses, it is a legal requirement. Shredding your paperwork can have a multitude of benefits for your business: increased security, prevention of identity theft, it’s cost-effective, and it’s environmentally friendly.

Most importantly, not shredding your paperwork creates security vulnerabilities within your business that can end up costing you and your customers a lot of money. There are two primary ways of shredding your paperwork: outfitting your office with shredders and using a shredding company. Utilizing a shredding company is usually more cost-efficient and it creates less hassle for the business but some smaller companies might prefer to use in-house paper shredders.

Paper shredding can help your business in a number of ways.

1. Security

If you companies handles sensitive information, then shredding your papers becomes a must to prevent it from getting into the wrong hands. Tax records, credit card numbers, banks account statements and numbers, pay stubs, client lists, and other records are all sensitive records that need to be protected because thieves would love to get their hands on them. After all, identity theft is a multi-million dollar industry. It is important to shred all of that information so it does not get into the wrong hands.

2. Legal Requirements

Depending on the type of business and your location, you might be required by law to shred your documents. If you handle sensitive information for your clients as a part of your business, like a medical practice, you should check your local laws and see if you are required to shred your documents.

3. Cost-Effective

Not only are you securing your business from potential identity theft risks or other costly information leaks, but paper shredding can save you a lot of money in storage costs. It allows you to clear out space in storage cabinets and it will reduce your need for rented storage space.

Using a paper shredding service is actually more cost-effective than using in-house paper shredders for larger companies. Paper shredders need regular maintenance because the blades tend to wear out quite quickly. Likewise, a large company might have to invest in a significant amount of shredders to cover all of its shredding needs.

4. Environment

Companies that provide shredding services can handle virtually any amount of shredding. However, the same can not be said for in-house shredders. They are usually smaller units that will not be able to finish larger volumes of shredding in the same amount of time as a dedicated company. As a result, utilizing an out-of-house shredding company can save you a lot of time. Especially if you are utilizing a paper shredding service, paper shredding is environmentally friendly. Instead of throwing out your papers, a shredding company can put it to good use by recycling it.

There are a number of benefits associated with paper shredding, with protecting the security of your company as well as your clients’ being one of the top ones, but there are also certain benefits associated with utilizing a paper shredding service instead of using in-house paper shredders.

5. Peace of Mind

When you use an outside shredding service you are buying the services of a company that specializes in paper shredding. As a result, things are significantly less likely to be disposed of incorrectly with an outside company than when you use in-house paper shredding. Even more importantly, if your company needs to follow certain laws when it comes to paper shredding a dedicated shredding company will be a much better choice.

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