Using numbers from actual crime statistics allows us to place a value on each incident of theft or vandalism that Pro-Vigil’s Virtual Guard services prevent on our customers’ sites. We recently switched from using the Texas Crime Analysis to the numbers from the U.S. Census Bureau for our monthly potential savings calculations for our customers.
According to Table 321. Robbery and Property Crimes by Type and Average Value Lost for 2009, from the U.S. Census Bureau’s 2012 Statistical Abstract, these are the total number of offenses for characteristics of offense that apply to Pro-Vigil’s service, and their average value lost:
Non-residence – 407,000 offenses with an average value lost of $2,521
From motor vehicles – 1,520,000 offenses with an average value lost of $737
Motor vehicle accessories – 501,000 offenses with an average value lost of $528
From buildings – 620,000 offenses with an average value lost of $1,233
Other – 1,660,000 offenses with an average value lost of $1,439
The average per offense for these categories is $1,292.
The formula we base potential customer savings on:
Successful Deterrents + Police Interventions + Arrests times Average = Potential Savings for Customer
What this formula does not account for is the number of potential thefts diverted because the presence of Pro-Vigil’s mobile surveillance units. If you took this into account, you could easily add a couple zeros to the end of the monthly savings.