The typical motivation for many companies to invest in a robust property conservation program is their goal to attain “Highly Protected Risk” status that allows them to receive less expensive property insurance rates due to their lower risk profile. Beyond this cost-saving benefit, having an effective property conservation program makes good business sense because the […]
The world of a fire protection engineer is moving more quickly than ever before. Property insurance carriers are upgrading their compliance standards constantly. This affects everyone attached to commercial and industrial facilities – from designers and architects, down to property owners and the businesses using the property. Standards change, and businesses can be required to […]
A quality fire protection solution delivers the appropriate level of fire safety at a reasonable cost. Ensuring fire safety, finding affordable solutions, and managing the entire design and implementation process will assure that the client’s and underwriter’s needs are both met.
Americans have reiterated several versions of the NASA space pen story for years. The story claimed that NASA spent millions of dollars developing an “astronaut pen” which would work in outer space while the Soviets solved the same problem by using pencils. Fortunately, the story isn’t true, but it does highlight a valid lesson: we sometimes spend a great deal of time, effort, and money creating “high-tech” solutions to problems when a simple solution is right in front of us.
How can property loss control services make a difference to your HPR insurance premium? The HPR property insurance underwriter for a confectionery manufacturer issued a warning that additional reinsurance of about $500,000 would have to be purchased annually, and passed on to the insured, our client. The insurance underwriter established that the Loss Expectancy (L.E.) […]
A major newspaper plant in Ohio had preliminary A/E drawings completed along with their insurance carrier’s fire protection and property loss control recommendations. We attended a coordination meeting to discuss the owner’s primary objectives and overall design concepts. The sprinkler design we subsequently developed for the high rack roll paper storage was significantly less costly […]