Emerging Out of COVID-19, Restarting Facilities May Carry Serious Risks
As organizations start bringing employees back to work in the wake of the COVID-19 pandemic, one big risk question you should ask is: can your facilities handle it?
Because the pandemic led to budget cuts and mothballed facilities for businesses like oilfield services, restarting suspended operations could be the greatest risks for property and specialty lines, according to a recent Swiss Re report. Heightened accident risks – such as fires, explosions, spills, or toxic releases – could lead to large liability claims if facility start-ups are rushed.
Why such dangers? Three potential risk factors:
As businesses make their way back to pre-pandemic operations, this is an important reminder that building back without careful planning could create a whole new series of costly problems.