Monday 12 January 2015

7 Simple Steps to Risk Prevention

It is that time of year when we all need to be vigilant against water damage claims due to pipes freezing and subsequently bursting. As the seasons change so do the risks to your business.

The true cost of water damage at your premises is not always immediately obvious. Damage caused to equipment and stock is one thing but the inability to trade from the premises and the loss of revenue that follows as well as the general inconvenience is something else. Furthermore, any claim made may result in your Insurers increasing their premiums and/or terms so it is in all our interests to adopt the adage that ‘prevention is better than the cure’.

Here are 7 simple steps to prevent or mitigate the chances of a Burst Pipe claim occurring this Winter.

Step 1 - Checks
Appoint a competent person to take on the responsibility for the implementation of the recommended checks.
Step 2 – Stop-cock
Ensure that you are familiar with the location of the stop-cock and how to turn it off in case of an emergency.
Step 3 – Lagging Pipes
Ensure that all pipes are adequately lagged especially those in exposed or unheated areas.
Step 4 – Leaving Heating On
If your property is vacant for several days, it may be worth leaving the heating on low.
Step 5 – Outside Taps and Sprinkler Systems
All outside taps and sprinkler systems should be isolated and drained if not in use.
Step 6 – Insulating Water Tanks
Insulate water tanks on all sides, but not underneath as this will allow warm air to circulate.
Step 7 – Identify Freezing Risk Points
Identify possible ‘freezing risk points’ in your system, these include areas where it is particularly draughty