In this day and age there are numerous reasons to destroy sensitive documents that can potentially convey information to the wrong people, should it fall into the wrong hands.
1. It's the law. Usually, any paperwork that has the private information on your employees must be destroyed according to the law. This especially applies to any documents with credit or background check information that may have been obtained during the hiring process
2. Corporate espionage of all kinds is an unfortunate reality of today's business world. Protecting financial reports of your company from the eyes of the competition is a very valuable protective measure, and so you should take care to have any documents that have financial information on them destroyed as soon as possible.
3. Document destruction reduces the amount of space you need for storage of old and redundant records and papers, helping reduce the amount of money you have to spend on storage.
4. Adhering to the protection of privacy laws can require the destruction of a variety of different documents from a variety of different industries.
5. Protecting your company's financial identity is as important as protecting yourself from identity theft. There are numerous documents and forms which might contain your companies account numbers or credit card information, and you want to protect yourself from that becoming compromised.
6. Company secrets and plans for future development can be outlined in many documents and business plans. Destroying these protects them from falling into the competitions hands which could then undermine any plans that your company had for future areas of development, making destroying those plans a protective measure in your own financial development and growth.
7. Laws require the destruction of documents which contain any medical information in order to protect the privacy of the person whose information is outlined on those documents.
8. It is important to many business clients that their information is protected. Many companies require the signing of a non-disclosure agreement before they will do business, and many times a clause in these documents can require the destruction of many of the documents involved in the business conducted between your two companies.
9. You can advertise your practice to your clients to provide them with a sense of security by letting them know that all of their documents will be properly destroyed in order to protect their information from every being leaked to the public or their competition.
10. Corporate Identity theft in all its forms is becoming more and more common every year. It isn't just credit card information which can open you up to this kind of attack, and a regular shredding schedule will help to protect you from all of them.
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