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Leak busters!

Published: 16/12/2016

Whether inside or out, at home or work, unwanted water is always a problem. And for once we're not talking about the devastation caused by floods, but that of inside leaks.

An escape of water can be particularly devastating to businesses. Many leaks are small and can occur anywhere within a property. What's more they often go months or even years without being noticed and almost always causing significant damage to properties before they are identified.

Aviva tells us that inside leaks are costing the insurance industry around £2million per day!, with the cost of commercial leaks being three times higher than those occurring within personal lines situations.

Aviva went on to say that escaped water is one of the most common commercial claims that they see and was a cause of distress to 18000 of their commercial customers last year. Escape of water/fluid claims is their highest frequency of incident and accounts for approximately a third of all claims by value.

As well as property damage these leaks lead to unplanned evacuations and business interruption. Even the smallest incident can have a detrimental effect on property; taking a considerable amount of time to repair and meaning significant or prolonged major disruption to the business.

In order to help tackle this problem Aviva has come up with a simple leak detection proposition; working with with leading suppliers LeakSafe and Waterguard. Both companies offer commercial insureds the opportunity to protect their business against unwanted leaks. Aviva has negotiated preferential rates so that their clients will benefit from discounted product pricing.

LeakSafe

LeakSafe's leak detection and prevention equipment covers the full range of water related risk in commercial property including wet heating systems, air conditioning, plumbed in water supplies and soil stacks. They can also address the risk during the construction period as well as the occupied phase of a property's life.

LeakSafe design systems to work on every level – for owners, insurers, occupiers and all stakeholders. They consider the client's escape of water history, risks they want to manage, type of property and then make system recommendations. Systems are modular and flexible; utilising the latest in wireless and internet technology.

Waterguard

Waterguard is a quality manufacturer and supplier of comprehensive leak detection systems. Their Series 7 range is for commercial properties, designed to monitor the water supply in any given site, building, floor or room; it can monitor water consumption in litres per half hour, hour, guard period or day. It comes with a comprehensive list of features and accessories that can be designed and fitted to a client's needs

At Flint Insurance, we encourage genuine risk management, and many of our Insurers offer discounts and incentives to customers who are interested in taking a proactive attitude towards reducing their risks and therefore their premiums. If you would like to know more contact your commercial team today on 020 8309 3140.

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