Vacant or sparsely occupied properties present unique challenges because they lack the day-to-day activity that naturally mitigates common hazards. For example, a largely unoccupied building may be prone to unauthorised access or malicious damage. Isolating or not continuing to maintain sprinkler systems leaves the building exposed to a potentially severe fire while a reduced security presence may result in an increased risk of intrusion or arson.
There is a danger that routine risk management programs and maintenance protocols are deferred. This may result in the potential for incidents having an increased frequency or severity of loss.
Hazards in unattended buildings may present a risk to visitors, staff, contractors or emergency responders. Poorly lit areas, unprotected floor openings, abandoned chemicals or flammable materials can make it dangerous for those in the building or fighting a fire.
The following should be considered:
All contents of this article is intended for general information/guidance purposes only and not intended to be an offer or solicitation of insurance products or personal advice or a recommendation to any individual or business of any product or service. This article should not be relied on for legal advice or policy coverage and cannot be viewed as a substitute to obtaining proper legal or other professional advice, or for reading the policy documents. You should read the policy documents to determine whether any of the insurance product(s) discussed are right for you or your business, noting different limits, exclusions, terms and conditions apply in each country or territory, and not all cover is available in all countries or territories.
Use this checklist to ensure your premises is shutdown correctly.
Have a question or need more information? Contact us to find out how we can help you get covered against potential risks