risk management

What businesses should know about water damage

November 26, 2020
walking across water damaged floor

Whether it’s from a leaky boiler or a flood, did you know that, according to Chubb claims data, your office is more likely to have water damage than damage from a fire? If your business owns or leases property or office space, it’s best to have a plan and be prepared—these practical tips will help get you started.

Conduct a water damage risk assessment.

A qualified insurance risk engineer can help you spot any issues and prevent water damage from happening in the first place. You’ll want to inspect all appliances that use water, including those in bathrooms, kitchens, and all water supply lines for high humidity levels, damaged pipes and hoses, and other plumbing leaks. Installing a water leak detection and shut-off system can help ensure that if a leak does occur, it can be caught early enough to mitigate damage.

Develop a plan and train the right people.

Work with a qualified insurance risk engineer to put together a water damage response plan that will help you to minimize damage to property and quickly restore your business operations in the event of a water damage event. Make sure to train all security, facilities, and property management staff, and conduct refresher courses each year.

leaking drainpipe

Assemble flood/spill control kits.

Having a water damage response kit on-hand will allow for a quick response in case of an accidental water incident; this might include:

  • High-volume wet vacuum
  • Discharge hose at least 30 feet long, to be used with the wet vacuum 
  • Heavy duty sorbent brooms
  • Wide rubber squeegee
  • Filled sandbags (multiples of these, especially to protect sensitive electrical equipment, if your building is in an area susceptible to flooding)

Store these kits in areas where you’ll need them quickly, such as security or mechanical rooms.

Install flood gates.

If your business is located in a flood zone, consider installing flood gates to prevent water from coming into the facility. If permanent measures aren’t practical, you can install temporary flood gates, which can be attached to protect entry doors, windows, and exterior steps leading below grade.

Review your insurance.

Make sure you have appropriate and complete insurance protection in place, so that if you experience a water damage event, you and your business will be adequately insured.

What to do if you experience a flood

Once you’ve located the leak or water intrusion, relocate affected employees and—if it is safe to do so—contain the spread of water with your flood control kits; identify and shut off electrical equipment threatened by water; and try to remove the water within 72 hours to prevent mold damage.

If you’re a current client and need to file a claim, know that your Chubb team will respond quickly and do what’s right so you can get back to business as usual.

If you’d like to speak to an agent or broker about your coverage, click here.

Insights and expertise

We keep you informed — and your business protected — with these helpful articles.
medical-sales-rep-driving

Managing pharmaceutical and medical device representatives

Prioritizing fleet safety is essential for pharmaceutical and medical device representatives. Learn best practices to protect employees and ensure safe deliveries.
ignitable liquid

Ignitable liquids in Life Sciences facilities

Ignitable liquids in life sciences facilities can create hidden fire risks. Learn how flammable vapors spread and get essential safety tips to protect your workplace.
vacant commercial real estate building

Trends in commercial real estate

Identifying and mitigating risk in underperforming commercial real estate properties.
school lockers

School’s in session: Understanding education related risks

Learn how to identify and mitigate the greatest risks facing educational institutions.
colorful ship containers

How to protect your business from supply chain disruption

Managing supply chain risk from external vendors and suppliers.
scientist pipetting

Protecting perishable property

Protect your life science organization from costly Change in Controlled Environment (CICE) losses with a proactive risk management approach for sensitive property.
apartment building with plants growing on the outside

Property protection while going green

Learn how integrating property protection planning from the start helps trustees and organizations pursue green goals safely and successfully.

Introducing the Commercial Risk Appetite Tool

Built from the ground up, extensively tested with brokers, and now accessible online, anytime, the breadth of the tool is impressive. It reflects the heft of Chubb’s appetite for small businesses, lower and upper middle market risks – which spans 25 industry sectors and 90% of U.S. GDP – and it mirrors the realities of how brokers work.

Seeking a business insurance quote?

We can help with that.