More to the point the greatest threat to business property is the danger that lies within those storm clouds. Lightning!
Lightning is a visible electric discharge between clouds or clouds and objects on the ground.
Material damage may occur to business property from the high power going to earth through a structure, and the release of energy being such that it causes extensive injury to the structure which in some cases leads to the buildings collapse.
A bolt of lightning can strike a building in an all round circle of as much as ten miles beyond the edge of a thunderstorm and anywhere below the mass of turbulent air. Buildings and commercial property can be struck by way of a bolt from the blue hours before a slow-moving storm reaches the premises.
In line with the Office of National Statistics around 1500 properties in the UK are hit by lightning every year of which around a half are commercial properties.
The incidence of lightning strikes against commercial property being so high, is due to the undeniable fact that blocks of flats and large industrial buildings and towers, have a greater propensity to be struck by way of a bolt, literally!
Lightning Risk Management
Regardless of any business insurance cover that could be in position, all businesses and enterprises should take the mandatory steps to minimise any damage or loss that may be caused by lightning or may occur consequently of a lightning strike.
All commercial buildings should be protected by way of a lightning conductor system.
The purpose of the installation would be to direct the present discharged from the bolt safely to earth thereby protecting the building's structure and its occupants from the worst effects of the lightning strike.
Burning damage may occur, often within the electrical wiring of a premises, which can result in a broad fire and ignite stock or office equipment. Based upon what's being stored on the company premises, particularly if hazardous materials are involved, the danger from fire may be greater. For instance a hardware shop, a chemical plant or a paper warehouse.
Electrical equipment is specially at an increased risk from power surges and it is not just office business equipment that is at risk. There has been a spate of recent incidents of lightning inducing high voltages and currents in computer installations and Internet server farms.
Fires arising from lightning strikes and the risks of subsequent losses can be minimised by ensuring that the lightning protection system is definitely in good working order and all alarms function correctly.
The continuity of the conductors is imperative for functionality and can be broken during building repairs or ground excavations.
If lightning conductors are disturbed by building works they should be repaired straight away.
It is also very important to a small company to implement a regular servicing and testing regime and most insurance polices will insist baggage scanner price in Bangladesh upon this for the cover to be effective.If you reside in a location where the frequency of storms and lightning damage is higher, listening to long range weather forecasts might help a company prepare for storms and give a company time for you to take necessary steps to guard the company property.
Nearly all business insurance policies built to cover commercial property can have a provision for lightning material damage loss and consequential business interruption underneath the basic perils risk coverage.