Broker Bulletin – Covid-19
Essential risk management & insurance advice during the Covid-19 pandemic The coronavirus pandemic is undoubtedly causing significant strain on every business in the removals and storage industry. It is crucial, however, that you make every effort to protect your assets, as a loss at this time could also put your business in jeopardy. During times of mass unemployment, economic recession/strain, and school holidays, it is an unfortunate reality that arson, theft and malicious damage crime rates increase. Indeed, two supermarket delivery vans were subject to an arson attack less than an hour after the Prime Minister issued the 'lockdown' order. We advise the following measures be put in place to ensure your vehicles, customers' goods in storage, buildings and other assets are as safe as possible. Vehicle Storage Advice If you have access to a storage facility or other warehouse with available space, there will be the temptation to park vehicles inside. Remember, while parking vehicles inside may reduce the likelihood of theft and vandalism, it will not remove exposure to fire. If you do park any vehicles inside, you must ensure that the vehicle batteries are disconnected, and tanks fully drained of fuel. If you park vehicles outside, you should allow as much separation as possible, as this will reduce the likelihood of fire spreading between vehicles, and park the vehicles away from any buildings. Customers' Goods in Store / Other Business Assets Continuing storage charges will support your business through periods where other sources of revenue are uncertain. If your storage premises are subject to a significant loss during this time, not only will this vital revenue be lost, but, if you own your building, you could also face losing your most valuable asset. You should ensure any building you own or lease and any stored [...]



