The true cost of theft is not only the damage to the bottom line, but also the long term damage to the business reputation. The long term financial damage to the business is likely to be far higher than the value of the stolen property.
Therefore, it is worth understanding the risks in your business, from the view point of short term financial loss and long term damage to reputation and business prospects.
Here is an example risk assessment for identifying risks of theft
Company Theft Risk Assessment
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