Severe Winter Weather Affecting The Bottom Line Of Many Businesses
|PR Newswire Association LLC|
The research finds nearly three-quarters (71 percent) of full-time employees in
Companies' greatest concerns when facing such storms are property damage, business continuity and loss of profits/revenue, say a third of Americans polled.
However, the research suggests the risk of ongoing winter storms has caught management's attention. One in three workers report their company has had to change the way it does business because of storm-related financial losses.
"These findings speak to the need for businesses to avoid complacency when it comes to winter weather and have business continuity plans to address the risk," said
FM Global recommends the following best practices for businesses to help prevent damage in freezing conditions:
- Plan as if freeze-ups are a certainty, even if your business operations are located in a warm climate where severe temperature drops are uncommon.
- Arrange for key facility staff to be available during expected cold spells to monitor weather conditions and patrol buildings in search of cold spots, structural damage, large leaks or sprinkler piping breaks.
- Have procedures for maintaining adequate heat, especially if a shutdown of operations becomes necessary.
For more information on preparing for freezing weather, visit www.fmglobal.com/nathaz.
About the Research
FM Global fielded the study in
About FM Global
Established in 1835, FM Global is a US
SOURCE FM Global