History is destined to repeat itself if we don’t learn from it. The Great Chicago Fire of 1871 is a perfect example of what can happen if you don’t have proper fire protection services in place. This fire ran rampant throughout the city of Chicago for 3 days, destroyed thousands of buildings, and caused an estimated $200 million in damages. How can you prevent losing millions in damages? Invest in fire protection services. Here are 4 reasons to invest in fire protection services today.
RETHINK YOUR PRIORITIES!
One of the best reasons to invest in fire protection services is to keep your employees and your business safe. When your employees feel safe in their workplace, they will be more productive. Your business is their livelihood and protecting it is not just about protecting your assets, it’s about protecting them too. According to OSHA, “businesses operate more efficiently when they implement effective safety and health management systems.”
The Frankenstein character in Young Frankenstein had it right… Fire IS bad. Of the companies that experience a major fire, 70% of them do not reopen or, if they do, they fail within 3 years of the fire. This is largely due to the intensity of the business interruption fires cause. If you are well-equipped to handle a major fire, you will be better prepared to survive business interruption. How you prepare to continue running, fulfilling orders, attending appointments, and using undamaged equipment, can determine whether your company survives, or not.
PENNYWISE AND POUND FOOLISH
Insurance companies assess your potential risk when they determine the cost of your coverage. The cost of fire safety is a drop in the bucket compared to the cost of recovering from a fire and subsequent increases in insurance premiums. Therefore, it is important to have all the precautions in place to reduce any potential risk. Not to mention, the additional savings of keeping your business open and avoiding potential workers’ compensation payments.
LIABILITY IS NO LAUGHING MATTER
Lastly, by investing in the right fire safety systems and monitoring, you can avoid potential liability. You already know that you need to ensure your building is up to code before it is safe to open. If you don’t comply with building regulations, you are opening yourself up to potential liability. The best way to keep yourself and those in your building safe is to invest in high-quality fire protection.
As they say, better safe than sorry.
Safety is our top priority at VFS, it’s in our DNA. We want to help protect your employees, your company, your assets, and your building from any potential fire risk. Contact us today to see how we can help.