There is plenty of work that goes into building and running a company, and protecting your business from external factors is essential. Whether you’re in the process of perfecting products and services, creating relationships with your clientele, or training staff, it can feel overwhelming to keep everything running and operating successfully. Don’t overlook the importance of protecting your property from costly damage like floods or vandalism. It is up to you to maintain a safe business environment and avoid disaster.
Methods for Protecting Your Business
Here are some methods to improve the safety of your workspace and manage the exposure to commercial property damage.
Fix Current or Potential Leaks
Water damage is an expensive and common type of commercial property damage. A single burst pipe can lead to financial devastation for your business. Even if anyone fixes the leak source quickly, the water can eventually spread, causing structural damage to walls and foundations, ruining carpets, fixtures, possessions, and harmful mold. It could result in a temporary business closure and revenue loss. You can manage the risk of water leaks by knowing where your main shutoff valve is in a significant leak, and shutting it off as soon as possible could reduce damage repair costs.
The sensors in a water leak detection system can alert you and automatically shut off the main water supply line. Additionally, it is essential to maintain and protect the rest of your pipes from breaking. Ensure that you clean your gutters frequently from all the debris.
Manage Heat and Humidity
High temperatures and humidity in the summer can reduce air quality and lead to expensive damage to your building, such as warped floors, wood rot, and mold growth. Also, you can help control the heat and reduce humidity by:
- Using a humidifier or air conditioning system.
- Keeping the workplace dry. Nothing should ever be left even damp as mold can grow within a day or two.
- Properly ventilate the building by opening windows and doors, allowing air to move freely throughout the space. (Avoid opening windows when it is humid outside).
- Improving ventilation by creating space between furniture and walls.
- Use fans to reduce condensation if your space has any moisture-generating appliances.
Protect the Space Against Storms and Blizzards
Extreme winds such as hurricanes and blizzards can cause significant damage like water intrusion, moisture, mold, 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 extremely costly. You can reduce the risk of storm damage by adequately protecting your windows. Be sure to install storm shutters as they are durable and can withstand multiple storms. Trimming the trees near the business is essential to help avoid hazards during strong winds. Companies in a flood zone should have flood gates to help prevent water from entering the business space.
Protecting Your Business Space From Vandalism
Vandals and burglars commonly target commercial properties, so be sure to install 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. It acts as a deterrent and proof when something isn’t right. If you are concerned about burglars seeing in your windows, some businesses use perforated vinyl graphics for added privacy.
Thorough Inspections
The best preventative measure is inspection. Consider having a licensed professional inspect your HVAC, plumbing, and electrical systems at least once per year. A licensed restoration provider can also check for mold, leaks, water damage, and other potential issues. It is wise to regularly do a thorough walk-through of your entire business to look for any signs of wear in walls, ceilings, and foundations. Peeling or warped paint is a huge red flag for 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.
About Sine Insurance
At Sine Insurance Group, we are dedicated to providing you with custom-tailored insurance policies to protect your assets. Our comprehensive packages have been expertly crafted to serve St. Louis and the surrounding areas for the past 25 years. For more information about our products, contact us today at (855) 700-0889.