The Wide-Ranging Consequences of a Business Fire

8/15/2022 (Permalink)

Severe commercial fire damage in Southwest Philadelphia, PA.

The Wide-Ranging Consequences of a Business Fire

A business fire has the potential to cause significant harm to many areas of a company. These impacts often come in phases or waves. First, it is the property damage of a fire. Each year, U.S. businesses face more than $2 billion in damages due to fires. Then comes the hit to revenue if a company in Southwest Philadelphia, PA, is shut down for a period of time. A strong interruption insurance policy is designed to reduce this impact. This policy, usually added to the main policy as a rider or add-on, pays some or all of the company expenses while repairs to the building are being made.

The Necessity of a Rapid Fire Restoration
It always benefits a company's bottom line to hire a franchise experienced in emergency restoration services. A highly-trained crew that is certified by industry leaders can minimize the duration of a business interruption. They will work rapidly by following a proven process:

• Building inspection and assessment
• Action plan
• Water removal and drying
• Soot and smoke damage cleanup
• Cleaning and sanitizing
• Structural repairs
  
  

While this is going on, interruption insurance will help pay the bills. Quick action and strong insurance can make the difference between a company surviving a fire or going out of business.

The Need for a Fire Prevention Plan
A fire is a potent adversary for any business. It can wreak havoc in many ways. A thorough fire prevention plan consists of many parts. The main goal is to prevent a fire from happening in the first place. If a fire does occur, it is important to minimize its impacts as much as possible. This is where fire alarms, smoke detectors, fire extinguishers and sprinkler systems come into play. All of these precautions can reduce the severity of a fire.
Interruption insurance becomes a necessity in a large business fire. It allows a company to pay the bills until it gets back on its feet again.