Reducing the risk of a fire at your business is one of the most important things you can do to help protect your customers, employees and property. The U.S. Fire Administration reports that more than 116,500 nonresidential building fires occurred in 2021. Those fires caused 1,025 injuries and almost $3.7 billion in damages.
For business owners, these damages can be more costly than physical repairs. It could mean weeks, or even months, of impaired operations while your property is restored. Factors such as loss of productivity, litigation and damage to brand reputation can have far-reaching effects that are difficult to anticipate. When a fire results in injuries, the human cost is incalculable.
So, what steps can you take to help ensure a crisis like this doesn’t happen at your business? Give these four tips a try:
According to the American Red Cross, there are a number of common hazards in any home or business that are likely to be the source of a fire. Conduct a survey of your business and examine these potential problem areas:
Every business should have functioning fire extinguishers, but it’s also wise to consider smoke detectors, sprinklers or a fire alarm. Remember, the life expectancy of a smoke detector is only 8-10 years.
Look into a specialized fire suppression system if your business has large operations or machinery that is capable of overheating, commercial cooking equipment or especially flammable materials onsite.
Did you know that fire extinguishers have a shelf life of 5-15 years – even if there is no expiration date listed? Over time, these devices can lose their pressure, so make sure your extinguisher is working properly by checking the pressure gauge every month. If the needle is in the yellow or red section, it may need to be repaired or replaced. (Read more tips in our ultimate guide to fire extinguishers.)
Be sure to replace your extinguisher if you notice any of these signs:
To ensure the safety of your employees, regularly and reliably communicate your fire safety procedures. This is especially important when a portion of your staff is not regularly on-premises, such as in a hybrid work model where some employees work from home.
As a business owner, you expect your insurance to be there when things go wrong. But did you know that Erie Insurance is here to help you identify these risks in the first place?
With a business policy through ERIE, you have access to a variety of resources through our risk control services. Our risk control consultants are there to help you create a personalized plan that takes your business’ unique risks into account. Contact us today to learn more.
ERIE® insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York). The companies within the Erie Insurance Group are not licensed to operate in all states. Refer to the company licensure and states of operation information.
The insurance products and rates, if applicable, described in this blog are in effect as of July 2022 and may be changed at any time.
Insurance products are subject to terms, conditions and exclusions not described in this blog. The policy contains the specific details of the coverages, terms, conditions and exclusions.
The insurance products and services described in this blog are not offered in all states. ERIE life insurance and annuity products are not available in New York. ERIE Medicare supplement products are not available in the District of Columbia or New York. ERIE long term care products are not available in the District of Columbia and New York.
Eligibility will be determined at the time of application based upon applicable underwriting guidelines and rules in effect at that time.
Your ERIE agent can offer you practical guidance and answer questions you may have before you buy.
