What is an Asset Protection Badge? https://www.empowernetwork.com/drmurray/asset- protection- badge/
April 3, 2013
An asset prot ect ion badge is a law-enforcement badge sold to an authorized individual or company for the purpose of asset protection. An asset protector is a security personnel recruited by a company to protect the products and assets of that company from attack by any external forces. In a large shopping mall, an asset protector would have the job of protecting the mall from a shoplifter.
Asset Protection Badge
Outfit of an Asset Protection Badge Associate Most companies and retail stores have a unique uniform to identify their loss prevention staff. In many cases, this uniform has an asset protection badge attached to it which helps with proper identification of an asset protector in a company. This badge is a mark of authority and it often has the companyâ€™s name inscribed on it along with the badge number. Sometimes, an asset protection badge has the name of the asset protector inscribed on it for identification purposes. There are some asset protection badge associates who dress in plain clothes to enable them blend into the crowd easily. This outfit does not distinguish them from customers, which helps them to detect thieves and uncover fraudulent practices with ease. They work among customers and look out for suspicious movements.
Where to Buy an Asset Protection Badge Asset protection badges are not just sold anywhere. This is because they are legally accepted badges and wearing it commands a kind of authority that people have to respect. Although an asset protection associate cannot enforce an arrest, he/she has the authority to detain a criminal until the arrival of a police officer. The purchase of an asset protection badge is made on request. Before the badge is issued to an individual or company, a background security check must be done to ensure that the intended use of the asset protection badge is legal. The agency buying the badges must prove that they have the system to ensure the safety of the badges and to ensure that the badges are used for the right purposes by asset protection associates.
Responsibilities of an Asset Protection Badge Associate An asset protection associate has a lot of responsibilities which all revolve around protecting the assets of a company. This includes:
1. To ensure the safety of all assets and staff of the company. 2. To identify and solve cases of theft or fraud. 3. To help with any criminal investigation. 4. To strategically develop a plan that curtails theft or loss of assets in the company. Salary of an Asset Protection Associate As an asset protection associate, your pay is dependent on the institution that you work for. 1. For retail stores: As an asset protection associate for retail stores like Target or Best Buy, you are entitled to an average salary of about $8-$12 per hour. Your annual income will be around $30,000 including benefits. 2. For other companies: The salary of an asset protection associate is dependent on the worth of the assets being protected. As an asset protection associate for a jewelry shop, your salary will be around $20/hour unlike the salary of an asset protection associate at a warehouse. The job of an asset protector revolves around ensuring the safety of a company’s asset including staff members of the company. The asset protection badge is important for identifying asset protectors in a company. One way I prot ect my asset s I often get asked what I do to protect my assets. I am not an expert in this field, nor do I claim to be. The subject is too complex and requires too much time to monitor. I hired an expert to manage my assets. I recommend you do the same. If you need a name, I cannot recommend Fred Forman of Forman, Corcoran, Clark & Associates, P.A. highly enough. Based out the New England area, Fred is considered one of New England’s top estate planning, elder law and business attorneys. He is one of only a select few attorneys to hold the prestigious “Five Star Professional” award and designation. Fred is powerhouse at the national level. If you do not live in the New England area, call Fred anyway and he can refer you to someone in your vicinity. Honestly I don’t know what all that means. What I do know is Fred is a down-to-earth guy who speaks English and eschews lawyer speak. He has been through it all and has every contingency covered. Here’s what I do know for a fact: When my wife and I left his office after completing the creation of a revocable trust with Fred, we both looked at each other and agreed it was the best investment we have ever made. Most people put off the discussion of asset protection until it’s too late. Don’t be that person. Do it now. Check out Fred at http://FredForman.murrayrecommends.com You can see my recommendation on Yelp: http://FredFormanonYelp.murrayrecommends.com One Way I diversif y my income:
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About The Author: DR Murray DR Murray is a 30 year Fortune 500 financial executive and US Army Logistics Management officer. He strongly believes in multiple income streams to reduce the risk of relying on one income source. His personal mission is to empower other individuals to take control of their own destiny and along the way maintain a sense of humor. It's better to be in the parade than to watch it go by! Are YOU ready to join him? Join Him Here