How a Fire Can Impact your Business

1/27/2022 (Permalink)

At the beckon of your call, SERVPRO of Citrus Heights/Roseville, and Carmichael are ready to help you plan,

You have to be prepared and consider the possibility of a fire outbreak in your business, having a plan to tackle it firsthand. There are alarm systems that'd help you detect a fire early and tackle it immediately before it escalates, but that is not enough. 

Explained below is how fire can impact your business and guides to help you consider and make plans before a fire outbreak occurs.

The impact of a fire in businesses include:

Property or Stock Loss

The chance of recovering a property damaged by fire is very slim. You not only lose valuable assets but valuable documents as well. All documents in the office computers are not retrievable except those stored in the cloud (online). It may be impossible to resume work without some archived documents.

Insurance Claim Issues

If your business is insured, the insurance company will confirm compliance with the fire safety regulations and recommendations. If there's a compliance issue, insurance may be denied. Business owners will be responsible for the cost of repair and replacement of these properties. On the other hand, the insurance company will have to investigate and bear the cost of repair and replacements after validation, but this takes time.

Financial Loss

Business owners don't consider the financial implications of a razed property. When a fire razes a building, it results in a financial loss of all engulfed properties. The cost of repairing, rebuilding, and replacing burnt items can be pretty high.

Halt in Business Operations and Revenue

A fire is capable of hindering the operational functionality of a business. It also leads to losing clients or customers as clients will take their businesses elsewhere. There may be no new revenue instead of incurred expenditure.

There could be human casualties like injuries or death in a fire. Smoke from the fire can cause health problems as well.

Mitigating Fire Outbreak in a Business

Equipping business spaces with adequate fire safety systems goes a long way to mitigate fire outbreaks. Keep fire extinguishers in strategic places to use to quench the early fire. Smoke alarms are very effective in issuing warnings before fire escalates.

Most importantly, consult a professional to help plan and install fire safety systems. At the beckon of your call, SERVPRO of Citrus Heights/Roseville, and Carmichael are ready to help you plan, implement, and resolve any fire service you require. Contact us today for emergency services and consultations; let's help safeguard your business.