Business insurance provider warns of fire risk

Thu, 03 Aug 2006

The summer holidays are a "notorious" time for arson attacks, which could lead to costly business insurance claims, Norwich Union has warned.

School children who are unoccupied for the season may cause fire damage to buildings which are not properly protected, the company warns.

Norwich Union also cites figures released by the Association of British Insurers, which state that £790 million was paid out for insurance claims due to fire damage last year, which is a 60 per cent rise on the previous 12 months.

Paul Redington, property claims manager at Norwich Union, provides business owners with advice on how to keep their organisation safe through summer.

"Any security that is in place should be made obvious," he advises.

"CCTV should be fully advertised as it acts as a strong deterrent. Similarly, an effective alarm system is crucial but if possible don't rely on a bells only system but invest in a central station alarm which will alert the fire brigade and the emergency services who will react immediately."

Recent research conducted by Halifax also shows that the summer months often have an increase in sporting activity among youngsters, which could lead to broken windows and subsequent business insurance claims.

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