Sheffield broker claims early detection of escape water can help keep local businesses afloat

2nd February 2024

Advice for business to combat escape of water

Sheffield broker claims early detection of escape water can help keep local businesses afloat

Sheffield broker IFM Insurance is urging local firms to carry our checks to combat escape of water, which can have a devastating impact on a business. An escape of water can cause local firms many issues including a burst pipe, backed up drain or a flood caused by heavy rain. 

IFM Insurance says escape of water is a common claims cost, causing distress to thousands of businesses each year. It can lead to significant business interruption, including unplanned evacuations, and property damage, which can take a considerable amount of time to repair.

The benefits of early detection include:

• mitigation of the extent of damage that can be caused
• avoids large scale repair work
• keeps businesses trading
• reduces water bills

Jamie Harvey, a director of IFM Insurance said, “Many leaks are small and can often go months without being noticed, causing significant damage to properties before they are identified. So just spending a few minutes can help identify escape of water which could make a huge difference to a local business in terms of cost and inconvenience”.

You might also be interested in

Students get set to go global with international industry placements

Wed 17th April 2024

Students at The Sheffield College are getting set to go global with the launch of international industry placements.

Ryan Wilkes and Liam Buttery promoted to Director at Shorts

Tue 16th April 2024

Shorts are delighted to announce the double promotions of Ryan Wilkes and Liam Buttery to the positions of Directors within the Owner Managed Business team with effect from 1st April 2024.

Naylor Industries Shines at Get Up to Speed Event, Inspiring Future Talent

Tue 16th April 2024

Naylor Industries, a fourth-generation family business renowned for its excellence in the manufacturing industry, made waves at the recent Get Up to Speed event, held in collaboration with Workwise at Magna Science Adventure Centre on March 20th.

Apprenticeship scheme for South Yorkshire businesses reaches new milestone

Tue 16th April 2024

A new scheme that provides apprenticeship advice and support to businesses across South Yorkshire has reached a key milestone.