A fire at your business premises is the stuff of nightmares.
Flames can rip through a building in a matter of minutes, damaging the structure itself and destroying important documents and equipment inside. In addition to the stress of trying to pick up the pieces following a fire, if you do not have business insurance you will likely face a big bill to cover the costs.
In this article, we will cover the best ways to protect your PNG business from fire, and why insurance is a vital safeguard.
1. Install prevention systems
There are many reasons why a fire could break out at your business. Electrical fires are caused by faulty or outdated appliances, wildfires start in the surrounding area and can spread towards your buildings, or careless mistakes from employees may be enough to ignite a blaze.
While these risks can never be entirely eliminated, there are some prevention systems you can install to reduce the threat to your business and its assets. Among the most important are:
- A smoke alarm – It's vital that you have working smoke alarms in your business headquarters. They give you early warning of potential fire risks, meaning your staff can evacuate and emergency teams can get to the site early to hopefully stop flames spreading.
- Sprinklers – Ceiling water sprinklers can be highly effective in suppressing fires and preventing them from reaching other parts of your premises.
- Fire extinguishers and fire blankets – These important pieces of kit can be used by staff before a fire gets so intense that you need to call the emergency services.
- Fire resistant building materials – Consider refitting your office using fire resistant materials such as gypsum boards and mineral wood.
2. Have an evacuation plan
The safety of your personnel should be your highest priority in the event of a fire. As such, informing your employees of the quickest and safest routes out of the building must be one of the first things they learn when they start working for you.
In addition, you should appoint a fire safety officer from among your team who will be in charge of overseeing an evacuation. Together with this person, organise regular fire drills to ensure employees know exactly where to go if the worst happens.
3. Invest in business insurance
Even if you take all the necessary precautions, sometimes this is not enough, meaning you need a safety net in place. Fortunately, business insurance provides cover for fires at company premises in PNG. With the right policy you have the peace of mind in knowing that you will have the financial support of your insurer if you have to repair or replace assets following a fire.
To find out more about the benefits of business insurance, or to get more information on fire cover specifically, contact the experts at Trans Pacific Assurance Limited (TPAL) today.