To get your office building insured, your insurance company will send out someone to inspect the building. An insurance company is not only helping themselves but also help you. It is meant to discover any losses or to make aware of the losses from a liability standpoint or property. Generally, the inspection is completed by hired contractors or safety engineers. Either the insurance company will request this beforehand or after you are insured. It is also used to identify any conditions or hazards which increase the chance of a loss, insured or not insured. An inspection of your office building is important to any insurance company as it will show them whether you are a risk or not.
Insurance risk surveys are categorized into 3 different areas, these include:
- Property surveys concentrate on possible security and fire issues.
- Business interruption surveys will look at a disaster that might affect your business; how you would deal with it and how you might recover from it to trade successfully again.
- Liability (or casualty) surveys mainly look at the safety and health issues that might be affected by your business operation.
Inspectors will take a survey of your building and assess all risks that may be on-site, collect photographic evidence, making a recording of all assessments, and they will prepare a detailed report.
What insurance companies look for during an inspection
Some of the common risk’s insurance companies look for:
- Burglary and theft – your offices will be inspected for storage and security methods.
- Perils and fire – examining fire and construction protection systems for assessment on the risks of the contents and the building and examining its plans.
- Engineering Insurance – surveying industrial and mechanical plants, equipment and machinery for risks and faults.
- Liability and accidents – assessing the possible risks to customers, visitors, and employees to a site or building.
Electrical panel inspection: Any faulty wiring will be identified and ways to prevent a fire. All early hot spots with electrical panels will be found early.
Roof inspections: Your roof may be inspected by an expert inspector to look out for hail damage, wear spots, early signs of flashing issues, and life expectancy.
Interior inspections: Interior inspections include boiler and HVAC inspections which can determine proper winterization, maintenance issues, and life expectancy.
Exterior building inspection: All exterior of the building will be inspected for areas of property damage and liability. All areas will be assessed including parking, pavements, and areas where an accident might occur where someone could trip or fall.
Safety features: All checks for emergency lighting, fire extinguishers, and flooring will be completed, and a report will be conducted. These features are checked to ensure tenants are well equipped with safety equipment in case of an emergency and for liability purposes also.
Fire suppression: The last inspection report will be reviewed, and maintenance logs will be checked. Annual maintenance tests and annual checks are critical in making sure everything is in operation and pressures are adequate in the event of a fire.