Property damage can come in many forms, from vandalism to natural disasters, and it can be costly for the owner. Whether your clients own or rent, they are responsible for keeping the building safe. Not all accidents are preventable, but having the right insurance can help offset the costs of damages.
Basic Methods to Prevent Property Damage
Let your clients know the importance of General Liability insurance to protect their business and financial well-being. How can you avoid property damage? Read on to find out.
Security and General Liability to Lower Risk of Vandalism
Commercial properties are often targets of theft and vandalism. Installing security cameras, bright lights, and heavy-duty locks is essential. Advise your clients to invest in preventative measures upfront. It is a much better tactic than figuring out how to recover financially from heavy losses. The correct type of insurance is also vital in case an incident occurs despite efforts to prevent them.
Identify and Fix Leaks Quickly
Water damage from leaks and burst pipes is one of the most expensive property damage. Business owners should pay close attention to signs of a leak and act quickly. Water leaks cause mold growth, ruin the carpets and furnishings and even compromise the structural integrity of the building itself. If a leak is suspected, the best approach is to shut off the main water line and call in a professional to identify the source of the problem and begin necessary repairs.
Keep Tabs on Heat and Humidity
Poor ventilation and temperature control are other risks for commercial spaces. Rising temperatures and high humidity negatively affect the air quality and can lead to mold growth, rotting wood, and warped floors. Adequate ventilation and proper air conditioning are critical to preventing these kinds of damage.
Invest in Storm Protection
Every business needs to take preventative action to avoid damage from storms. Heavy rains, winds, and blizzards can knock down trees, cause flooding, and more. Business owners should prepare for sudden storms by trimming trees, installing storm shutters, and taking care of low-lying areas that easily collect water.
Create a Maintenance Checklist
A big part of property damage prevention is routine maintenance. A simple way for businesses to handle this is by having a checklist to mark off tasks and keep track of scheduled inspection dates. Getting various building systems and structures updated and serviced often means problems get spotted early on, making them more accessible and less expensive to fix.
Make Regular Inspections Part of Your General Liability Renewal
Businesses should schedule professional inspections of the HVAC, electrical, and plumbing systems at least once a year. It’s also a good idea to inspect appliances, check smoke alarms, and review insurance policies. Help your clients identify the types and levels of coverage they need, such as additional staffing insurance for an employment agency.
General liability insurance protects your client’s against a variety of claims. Stress the need for keeping current, inclusive policies that protect them from financial loss so they can focus on the success of their business.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.