Protecting your business property from loss
A five year study of claims reported by Markel Martial Arts policyholders found that nearly 28% involved business property. Key drivers of these claims include lightning, water damage, and theft and vandalism. While you cannot prevent the storms that cause the destruction of property, you can take actions to protect your business property from other potential damage.
Preventing loss from lightning
Power surges are a leading cause of claims for electrical equipment failure. The most obvious culprit is lightning, but surges come from a variety of sources. They enter buildings through phone and cable lines, satellite systems, and network cables. All electrical equipment, including data line connections, should be plugged into surge protectors. Without them, power surges can damage all of your equipment and create unwanted downtime.
It is important to install surge protectors properly. Keep cable lengths short and straight, and push plugs completely into sockets. Some surge protectors have indicators to show the circuit is grounded and operating properly. Consult with a licensed electrician to ensure that your electrical distribution system is grounded correctly.Preventing loss from water damage
Don’t forget to protect electronic equipment at the close of business as a routine procedure. Dust covers for computers, telephones, and other sensitive electronics provide protection should a roof leak or pipe burst. It is also recommended to keep computer equipment above ground level.
Preventing loss from theft and vandalism
You can use the following methods to control unauthorized access and vandalism:
The information provided in this article is intended for general informational purposes only and should not be considered as all encompassing, or suitable for all situations, conditions, and environments. Please contact us or your attorney if you have any questions.