- Just-in-time production schedules are sensitive to any interruptions in own or sub-supplier production.
- Computer interruptions. Manual operation is often not an option.
- Loss of buildings, machinery and material.
- Loss of special equipment, which have been built and improved for decades.
- Loss of key persons and competence. Risk for staff feeling insecure during long operation downtimes and therefore quitting the company.
- Lost revenues.
- Lost customers, reputation and market shares.
- Unexpected and secondary costs.
- Costs for excess in fire insurance.
The persons responsible shall ensure that a plan for control of the building is drawn up and followed. He shall ensure that both fire requirements in local regulations and the building owner's interests, e.g. low purchasing price, are met. Unfortunately such double loyalty in some cases lead to "stretching the limits" and compromising on fire safety.
Fire insurance to ensure the value
Fire insurance can be taken for buildings, machinery and material as well as for lost revenues due to interrupted operations. It is not possible to take insurance for much else.
Fire insurance can be a considerable part of the maintenance costs of the building. All insurance companies agree that non-combustible materials for example in low-pitched roofs have a lower risk, which motivates lower insurance costs than for roofs with combustible materials.
All insurance companies can freely determine premiums with regard to i.a. operation, building type and location, hazardous factors in production, catching fire from adjacent buildings, own damage statistics, and a number of market-related factors. Technical price reductions on premiums are also possible if fire alarms, sprinklers and internal fire fighting are available.
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