Whether caused by flammable materials, arson or mother nature, fire can pose a devastating threat to your commercial property.
Knowing the risks and having a fire prevention plan can make the difference between continuing business operations and financial collapse.
Fire threats are omnipresent for business owners, but technology, training, and preparedness can help lessen the loss associated with fires. Consider the following when developing a fire prevention plan:
Modern technology can help prevent fires or limit the destruction caused by an ensuing fire so make sure to find the right system for your business:
Preventing hot work fires requires careful implementation and enforcement of a written Hot Work Safety Program. Management should designate a hot work Permit Authorizing Individual (PAI), who is trained in hot work safety measures and is responsible for issuing permits.
Good pre-fire planning or ERP gives the fire department better situational awareness as they can refer to your plan at the time of an emergency. To create a best-in-class ERP:
A business continuity plan provides a framework for returning to normalcy following a disaster. It is a key tool in protecting business revenues, your company's reputation, recovery costs, and even people’s lives. Make sure your plan includes emergency response procedures for fires.
This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at www.chubb.com/my, through your broker or by contacting any of the Chubb offices or Chubb agents. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.
© 2022 Chubb. Not all coverages available in all jurisdictions. Chubb® and its respective logos, and Chubb. Insured.SM are protected trademarks of Chubb.
Contact us to find out how we can help you get covered against potential risks