As Facilities Close to Reduce COVID-19 Spread, New Risks Emerge
Organizations are acting responsibly to protect employees and slow the spread of COVID-19. But as a consequence, these now-idle facilities may be facing new and upcoming risks they may not have prepared for.
A recent report by commercial property insurer FM Global points to a series of problems facing offices, plants and warehouses in the coming weeks and months, including vandalism and theft, flood season, and hurricane season in the US., along with the continuing threat of earthquakes and tornadoes. All of these could result in damage to revenues, market share, and reputation.
There are a few areas organizations can focus on to protect against preventable losses: