How Secondary Losses from a Fire Impact Your Business
On a major or minor scale, a fire is always a devastating occurrence, even if it’s just emotionally. When we escape from a fire without the loss of life, we always breathe a collective sigh of relief. However, there are usually some other losses involved even when everyone associated with the incident has survived. As a business owner, it’s important to know the repercussions of secondary losses from a fire.
If assets or property are lost during a fire, it can cause a real set-back for business owners. In a best case scenario, it’s just a little inconvenient and troublesome. However, in a worst case scenario, the results of secondary losses can completely devastate a business.
When a fire occurs at a place of business, there’s a range to the effects of the destruction. We usually think of the building itself and get to work repairing and replacing structures and equipment. However, when it comes to damage, there are other losses to consider. There are other items that might’ve been lost that can’t be replaced so readily, such as certificate, licenses, and permits. It’s usually possible to replace these valuable pieces of paper, but it typically is an inconvenient and tedious process.
Annoying as it is to replace those documents, there are secondary losses that cannot be replaced at all, such as receipts, files, and records. There’s a host of legal issues that can unfold from the losses of these critical, irreplaceable papers. Many businesses now store papers like these on computers, but often, the computers themselves may be destroyed in a fire, or the files are not always backed up at another location.
While these secondary losses are less significant compared to the loss of life, it’s important to consider the intangible losses that occur from a fire as well. Because a business has to be closed down after a fire for investigation, repairs, and rebuilding, the result is a loss of time and money for the business. This also impacts your employees who will lose work time and income as a result.
The good news is that fires and all of the losses incurred are preventable. Having your business flameproofed significantly reduces your risk of losses due to fire. Flameproofing is not only a vital step in fire prevention, it’s an action that is required by the FDNY for all public gathering places. Having the items at your establishment treated with fire retardants can protect you from all kinds of losses associated with fires.
Brooklyn Flameproofing is an industry expert in flameproofing, and we are here to help you with all of your flameproofing needs. We are fully acquainted with the devastation that fires cause, and it’s our mission to keep the public safe from these tragic incidents. Please call us today to discuss your needs, and we can provide you with a free, no-obligation estimate: 800-401-5415.