8 Ways to Prevent Frozen Pipe Damage on Your Property
It’s that time of year again – when frozen pipes due to dropping temperatures put your business at risk of losing money and even shutting down. However, by being prepared and staying informed you can avoid this messy and expensive issue.
When temperatures decrease, the risk of your property’s pipes freezing increases. A frozen pipe potentially leads to pipes bursting, which can cost over $100,000 in water damage. This could mean structural loss or even seeing your business operation being shut down for a period of time. That’s why it’s important to understand your risk of frozen pipes and potential water damage.
Despite the current low temperatures, there are still some preventative actions you can take to reduce your risks of costly damage and give you peace of mind during the winter months. XL Catlin partners with Insurance Institute for Business & Home Safety (IBHS) to provide you information on how to mitigate the risks involved with frozen pipes.
Here are some tips to help you avoid frozen pipes and help protect your business.
XL Catlin’s Risk Engineering/GAPS team can assist you with your property conservation any time of the year. For additional information on preventing winter losses at your facility, please contact one of our Property Risk Engineering Leaders.