Commercial Business Fire Damage

4/4/2023 (Permalink)

Making sure your insurance coverage is well within the industry you are in, bars, garage or conventional office building may vary widely based on the difference in fire risk levels. 

• Alcohol
• Chemicals
• Cooking equipment
• Smoking
• Vehicles

Structural Components - A building made of combustible materials such as wood may pose a greater fire risk then a structure that is built out of fire-resistant materials. Owner should consider the risk of fire in the primary structure in addition to any additions or modifications. The degree to which building materials may succumb to fire and the distance of a business from the nearest fire station may drive up the cost of commercial insurance policy.

Fire Safety Equipment- It is also crucial that a business be equipped with fire safety equipment. This may include

• Alarms and detectors
• Fire extinguishers
• Sprinklers

Some regional building codes require hardwired fire alarms. These systems should also have a battery backup in case of power failure. Battery-powered smoke detectors would also be regularly tested and the batteries should be changed. Have fire suppression systems and equipment such as extinguishers periodically inspected to ensure that critical components will function in the even of a fire. All of these factors may impact the costs of commercial insurance coverage for a business located in Southampton, NY. A business owner may want to compare commercial policies to fin the right level of coverage for fire damage.