Could you imagine losing everything you’ve ever owned? What’s worse, could you imagine losing all your valuables and never having a way of restoring what’s been lost? Well, that’s what happens with no insurance.
When it comes to commercial businesses, hotels, and condos, these major structures are at risk for some serious financial hits, if they pay no attention to fire protection, including fire sprinkler maintenance and fire alarm systems.
Commercial fire alarms and commercial fire protection are necessary because they help prevent long-term loss by increasing fire sprinkler maintenance and fire alarm monitoring.
For managers of hotels and condos, accepting a reliable fire alarm service, along with regular fire alarm inspections, can really heighten their chances for protecting their financial prospects and investments.
As a matter of fact, every year, hotel and motel fires can wind up with up to $76 million dollars in property damages and loss. In America, each year, up to 3,900 hotel and motel fires are reported to local fire departments, with an average of 150 injuries and up to 15 deaths included.
Even though half of the fire at hotels and motels are small and confined, they can still cause permanent damage and loss. More often than not, hotel and motel fires occur during the early evening, especially between the hours of 6 p.m. to 9 p.m.
Fire protection service is imperative; whether that means keeping up with your fire sprinkler maintenance or effective fire sprinkler repair, some form of fire insurance should be taken.
In 2013 alone, the U.S. endured 118,000 fires in non-domestic dwellings. Indeed, for about 14% of fires that occur at hotels and motels, those that were non-confined were the ones wth no access to smoke alarms and preventive fire protection.
For a quick class of fire protection services, it’s best to research fire suppression supplies, such as fire extinguishers and smoke detectors, as well as regular fire sprinkler maintenance.
According to an assessment taken by the National Federation of Fire Equipment Distributors (NFED), in addition to the 13,221 fire-related cases reported, it was by the use of portable fire extinguishers that 12,505 fires were effectively extinguished—that equates to about 95% of the fires!
For a savvy business plan and future, secure your investment and get insurance, as soon as possible!