The requirements for factory fire insurance

Images of poor immigrants forced to toil in the excruciating conditions of the early 1900s sweatshop come to mind as soon as you hear of a factory fire. The embarrassing episode of the NY City Triangle Shirtwaist Factory fire on March 25, 1911, was something that sparked significant changes in company fire codes and workers’ unions. Recent tragic fires at several factories in Bangladesh where US retailers manufacture clothing have also caused a stir recently.

With the headlines screaming about a major fire at a cosmetics factory in Windsor, NY, authorities – and certainly the commercial property insurer – are scrutinizing the causes with a fine-tooth comb.

After all, insurance exclusions include irresponsible maintenance and fire hazards that are not taken care of and do not meet state standards and guidelines.

Here we list some of the most important things that insurance companies and government safety codes strictly enforce.

Preventing Fire in the Workplace (or Dorm Room) – Fourteen Tips to Stay Fire Safe

• Place clear signs above all doors and exits.
• Keep all doors, windows and exits unlocked while someone is in the building.
• Regularly check all smoke, fire and carbon monoxide alarms to make sure they are working properly.
• Check the fire bells regularly to make sure they go off if a fire breaks out.
• Ensure all fire extinguishers are strategically placed for easy access in case of an emergency.
• Train employees in the proper use of fire extinguishers.
• Above-ground sprinkler system must be in good condition.
• Make sure any solvents are kept in a tightly closed, fireproof container.
• Prohibit smoking tobacco in areas with flammable materials.
• Check wires and cords for defects and repair or replace if necessary.
• Keep wires and cords away from employee and customer traffic.
• Carry out periodic safety checks.
• Keep all business products and supplies neatly stored.
• Ensure that all entrances and exits, as well as aisles in the factory are clear and unobstructed.

Compliance with safety standards is the first priority of the entrepreneurs in preventing human and financial disasters. Talk to an experienced, independent insurance firm whose reputation praises excellence for advice on the type of commercial indemnity your business needs. By having your current cover reviewed by a professional so that he or she can advise you appropriately on any necessary updates, you will provide the peace of mind you need in the event of liability claims.

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Have a fire safe day – every day!