Commercial properties face numerous risks that could potentially cause financial devastation for the property owner or the tenants. From weather-related property damage to criminal activities, the list of things that could go wrong may seem endless. While it is impossible to fully protect all your properties from damage and financial loss, several effective steps could bolster security on your property in different ways.
A Security System
A security system is an excellent way to deter criminal activity and to potentially identify criminals for prosecution after the fact. Depending on the type of system installed, the system may monitor the property's interior as well as the exterior. Remember that criminals may decide not to target a property that has a visible security system. Not only will this deter criminals, but it can also help identify and catch those who are not deterred. Some systems may even offer you a discount on your insurance with certain carriers.
Electrical System Protection
Electrical systems, as well as any electrical equipment in the structure, may be damaged because of a power surge or lightning strike. Investing in surge protection is an excellent way to eliminate related expenses. If you decided to do this, it is important to make sure the surge protection device is installed properly and grounded. Without the grounding, it won’t do any good. You may also invest in a power generator to address challenges related to a loss of electrical service.
Pest Control Service
Real estate can be damaged by many types of pests and rodents, such as termites, rats and more. As Preventive Pest Control points out, pest problems can delay productivity and damage your reputation as a company or property manager. Pest control services can eliminate pests before a serious infestation develops and identify any problems that may cause a future infestation. You can also schedule preventive pest service so that an infestation is less likely to begin.
Doors and windows are by far the most common entry points for criminals. A locksmith can install upgraded locks on these features so that they are more difficult to bypass. For more substantial safety related to these areas of the property, consider investing in window glass that is more difficult to shatter and in stronger doors. It is important to make sure that you are vigilant about maintaining your security and upkeep of your property.
We wouldn't really be commercial business experts without making sure your liabilities are covered. Another risk that could impact commercial properties relates to liability. While business liability insurance covers the people and products of a business, commercial liability covers the actual physical location. This will cover any damages to your property from accidents, weather-related incidents, and vandalism. This is just as important as any other kind of insurance, as it will allow you to return to business in a more timely manner. Commercial and business liability insurance policies are often lumped together.
Our insurance risk experts are readily available for all your commercial property needs. We have specialists in habitational industries as well as the wide range of markets for you to shop around for the best coverages. Reach out to us here.