Do’s and Dont’s of Preparing Your Business For a Fire

1/11/2022 (Permalink)

Along with fire insurance, every business should have a fire contingency plan.

Do's And Don'ts Of Fire Preparedness For Your Business

A business fire is nothing anyone wants to think about - but failing to prepare for the unthinkable can result in a longer recovery process. Along with fire insurance, every business should have a fire contingency plan. Here are a few do’s and dont’s of readying your Boca Del Mar, FL, business for a fire event.

Most business owners think of fire damage in basic terms of physical damage. But there are lots of other headaches a fire can create like:

• Loss of income
• Brand damage
• Loss of records

And so on. When thinking about fire preparation, you’ll want to spend time truly considering all the implications a fire can have for your unique business, and preparing accordingly.

DO prepare for storage

Fires often leave properties unable to be properly locked and secured from would-be thieves. This can leave expensive equipment open to loss. Prepare yourself by identifying a safe off-site place where your most valuable assets can be stashed in an emergency.

DO backup important data

Proprietary information, sensitive client data - all of these things can be destroyed in a fire, or your access to them restricted during cleanup. Make sure to back up your most important data, either on a thumb drive, in a secure cloud or by making old fashioned paper copies.

DON’T forget to make sure your insurance covers business interruption

Some of the most devastating fallout from a business fire can involve loss of a profits. Your business may be closed for some time, creating a profit loss that can have a domino effect. Contact your fire insurance provider in advance to add on business interruption coverage. This can cover everything loss of profits to costs for temporary relocation.

Few business owners think about recovering from a business fire until they’re a victim. Don’t get caught with your pants down. Make these and other preparations against a fire catastrophe and ensure you’ll be ready when it matters.