In Australia, we are no strangers to fire. No matter where or what your business is, the importance of having a fool-proof fire safety protocol is undeniable. Firstly, it is important to note that there are multiple ways fires can occur, including bushfire, arson, inadequate maintenance, and insufficient storage of hazardous materials/chemicals. There are a few key things to look out for to ensure the safety of your capital.
- Damaged or old electrical cabling
- Incorrect storage of flammable chemicals or materials
- Damaged or un-updated fire protection systems such as faulty fire doors and alarms or indicator panels
- Inadequate insurance cover for fire damage
These are all detrimental to the safety and security of your business and property.
Additionally, your business should have specific documented procedures in place to manage and maintain fire protection systems to ensure that the same processes are done correctly and can be reviewed in the future if necessary. Your business plan should never underestimate the importance of adequate fire insurance. And, due to the fact that different policies react differently to the nature of a fire, it is imperative to understand exactly how your insurance policy covers various scenarios and circumstances. Heed this advice and stay fire-safe this summer.
Speak with one of our Authorised Representatives to discuss your insurance policy options today.