Most Common Business Losses Following a Water Leak

7/21/2022 (Permalink)

The Most Common Business Losses As a Result of a Water Leak

A water leak in your Merriam, KS, building can have many potential sources, including damaged pipes, weather events, and freezing temperatures. The cause of a leak or flood is often out of your control, but if you know what to expect following an event, you can prepare adequately as a business.

1. Property and Infrastructure Due to Flooding

Leaking pipes can seep water into your building’s walls and floors, causing structural damage. Often when pipes are repaired, it is also necessary to rip up any flooring or walling that blocks access. Depending on the severity of the leak or flood, assets such as electronics, furniture, and important documents can also be damaged because water has a way of getting into everything.

If excess water in your building is not addressed immediately and thoroughly, a more insidious type of damage can manifest long-term. A slow leak can go unnoticed for a long time and may eventually become a larger flood. This prolonged moisture, in turn, significantly increases the risk of mold. Once mold has taken hold, you may even end up replacing drywall and carpeting to be rid of it.

2. Time and Revenue Due to Water Damage

The time it takes to come back from water damage is valuable time lost. If employees cannot work from home, repairs to damaged pipes, walls or floors may even put your business at a standstill. Repairs that are not covered by insurance can also cut into profits. Be sure to check what kind of coverage you have before it becomes necessary. You should also research reliable commercial water damage restoration services in your area so professionals can mitigate further damage by quickly cleaning up.

Whether it’s a haywire fire sprinkler or damaged pipes, water leaks can cause a wide range of business losses. If you are aware of what may happen, you can build buffers and protocols into your disaster plan to minimize these losses. Don't let your business get caught unprepared in Merriam, KS.