Fire Sprinkler System Credit for Commercial Property Fire Coverage

        Commercial Property Fire Coverage


You can greatly reduce your premiums for fire coverage by installing a sprinkler alarm system. With some insurance providers offering 10-60 percent discounts, systems can quickly pay for themselves. However, to get your full credit, you have to make sure that your system is reviewed.

According to the Insurance Services Office, Inc. (ISO), many organizations receive partial to no credit on their Fire Insurance for having a fire sprinkler system in place. This is because the facility and the sprinkler system have not been properly inspected in order to provide full credit. Yet, at the request of your insurance company, ISO can inspect your facility and develop an accurate credit on your Fire Insurance, which will reduce your overhead costs and, in turn, increase your bottom line.

A fire in your workplace can be extremely costly. In addition to the costs associated with fixing the damages, there is also a good chance that your day-to-day business activities will be interrupted during the repairs. To avoid potential expenses related to workplace fires, it is important that you have adequate fire coverage. Fire coverage is included as part of most property insurance policies for commercial buildings. However, it is important that you understand your policy to make sure it provides all the protection you need and that you are paying the right amount in premiums.