This goes without saying, yet many companies delay upgrading their fire alarm systems. In the event of a fire, this can cost them thousands or millions of dollars as well as lost lives and resulting lawsuits. Fire alarm installation that includes some of the industry’s newest tech can alert managers and security personnel not just that there is a fire, but where it is. Here are some reasons it may be time for you to upgrade.
- Respect for Human Life
When customers and employees show up at your place of business, they are trusting you with their safety and their lives. This is a big responsibility that can lead to premises liability suits if you fail to rise to the challenge. If the system is outdated and there is documented evidence that consumers or workers raised concerns about this and you failed to act, the court may find you to be grossly negligent, which could lead to the awarding of much higher punitive damages.
- Protect Property
Fire damage is one of the most difficult to recover from and will include water damage from sprinklers going off. Not only will the physical building sustain damage, but computer systems and important files may also be lost. If the companies on site did not back up this information, the loss may be permanent. This can disrupt business for months to come.
- Lower Insurance Rates
Some insurance companies may provide discounts or lower monthly premiums after a new fire alarm installation that meets certain requirements. If your current insurance company does not provide a discount, consider shopping around until you find one that does. If possible, do this before upgrading. Ask what specific fire system alarm systems the insurance companies provide discounts for and choose that when upgrading.
Without a proper fire alarm installation, there may be a delay in alerting firefighters of the emergency. Fire can consume entire rooms in seconds, especially if there is an explosion, so every second counts. Reduce the possibility of property damage and risk to human lives by investing in a good fire alarm system.