Time to Startup!

The BizFilings blog covering business tips and trends.

Run a Safer Business: Protect Business Property

Published on Jul 2, 2012

Summary

Read 'Run a Safer Business: Protect Business Property' at 'Time to Start Up,' the small business blog by BizFilings.
By Brooke Miller Hall Did you know it's National Safety Month? Even though your business may not have the same risks as big companies with fleets of vehicles, huge warehouses and thousands of employees -– don’t dismiss the importance of safety practices. Every day small businesses face property and liability losses, which could have dire results on the company’s future. Thirty-five percent of small business losses are related to business property -- the second-highest cause of loss. (Our previous post covered employee injury, the top cause of small business losses.) Today we’re sharing tips on how to protect your business property.
  • Is your building in good shape? A leaking roof or faulty electrical wiring could cause serious damage.
  • Make sure all of your equipment is in good condition and receives regular maintenance and safety checks.
  • Don’t skimp on fire protection -– fire alarms, sprinklers and fire extinguishers should be properly installed and tested/maintained regularly.
  • Consider keeping important files and system back-ups in a secure, secondary location in case your workplace is destroyed in a fire or natural disaster.
  • Don’t overload or misuse extension cords or any other electrical devices.
  • Protect your business from theft by using door and window locks, installing a burglar alarm, and keeping the interior and exterior well-lit. It’s also a good idea to implement a system that tracks your inventory and supplies, which reduces your risk of internal theft.
You commercial insurance agent may have additional resources to help you reduce the risk of a business property loss. Read our recent post on how to prevent employee and customer injuries.