Protecting Your Business Against a Catastrophe

Protecting your business against a terrible catastrophe is essential to ensuring everything continues operating functionally. Don't overlook the importance of protecting your assets from financial devastation due to catastrophic events such as floods or vandalism. Remain proactive with safety measures to avoid disaster.

Protecting Your Business: What to Look For

Here are some methods to improve the safety of your workspace and manage the risks that may come with catastrophic events.

Water Damage 

Protecting your business against water damage is important. Water damage is a common factor with commercial property damage. A single burst pipe can lead to financial devastation for your business. The water spreads out over time, causing structural damage to walls and foundations, ruining carpets, fixtures, and possessions, and creating harmful mold. It could result in a temporary business closure and revenue loss. You can manage leaks by knowing where the main shutoff valve is in your home. Then, you can shut it off immediately when you need to reduce damage repair costs.  It would be best to consider installing a water leak detection system or innovative water main shutoff valve. The sensors alert you and can automatically shut off the main water supply line. Be sure to properly maintain the rest of your pipes to avoid breakage and keep gutters clean from debris. 

Manage Heat and Humidity

High temperatures and humidity can quickly impact air quality and lead to expensive building repairs due to warped floors, wood rot, and mold growth. Using a humidifier or air conditioning system can help control the heat and reduce humidity. Also, you can keep the workplace dry to prevent mold from growing. It is essential to ventilate the structure. You can do this by opening windows and doors. Also, improve ventilation by creating space between furniture and walls. You can use fans to reduce condensation if your space has moisture-generating appliances. 

Managing Storm Damage 

Extreme wind events, such as hurricanes and blizzards, can cause significant damage, such as mildew, rot, and poor air quality. Strong winds can lead to falling trees and power lines. If these damage the structure of your business, the repairs can be costly. You can manage storm damage risk by adequately protecting your windows. It is best to install storm shutters as they are durable enough to withstand multiple storms. Additionally, make sure to have maintenance trim the trees near the business to help avoid dangerous hazards from wind storms. If the business is in a flood zone, there must be flood gates so water can not enter the building.

Protect the Space From Vandalism

Commercial properties are a popular target for vandalism, so taking precautionary measures can go a long way, such as installing bright lights to help deter criminals. Motion-sensing lights are also helpful even while the business is closed. Heavy-duty deadbolt locks should be used on all the entrances, and don't underestimate the power of security cameras for extra protection, to act as both a deterrent and as proof when necessary. 

Thorough Inspections 

Thorough and frequent inspections may be what save you from so many potential issues. Consider having a licensed professional inspect your HVAC, plumbing, and electrical systems annually. A licensed restoration provider can also check for mold, leaks, water damage, and other potential issues. Conduct frequent walk-throughs of your entire business, properly checking for signs of wear in walls, ceilings, and foundations. Peeling or warped paint is a sign of hidden water damage. Also, there should be regular inspections for appliances, pipes, and smoke alarms. Ensure that your general Liability Insurance coverage is reviewed annually for proper coverage. You will want to stay up on potential risks, and repair costs fluctuate with the market, so your coverage must reflect this. Commercial umbrella insurance will be your primary protection in these circumstances, as property insurance will be the secondary coverage that might save you from a financially devastating situation. 

About David G. Sayles Insurance Services

At David G. Sayles Insurance Services, we help our clients decide which of these options is best for them based on their current situation and risk factors. Contact us at 1-855-977-1842 or insureme@dsayles.mysites.io for a consultation!