Even though economic conditions seem to be slowly improving, there are still numerous commercial buildings sitting vacant. Owning unoccupied property can have extensive risks. Some risk can be transferred through vacant building insurance coverage, but many of the risks need to be managed through mitigating the opportunity for loss and tightening up security.

Vacant properties should be well secured and tightly monitored. Here are some tips for preventing loss due to vandalism, theft and weather:

• Let local authorities and other building owners in the area know that the building is vacant and to notify you if they notice anything suspicious.
• Set up cameras that are visible, but protected, to monitor entrances and any outbuildings or rooftop areas where there is mechanical equipment.
• Use motion detection for lights and cameras.
• Install glass-break monitoring devices on large windows or doors that could be broken and used to get into the building.
• Use fire and security alarms that are tied to a central system for police and fire department notification.
• Inspect all fire and security systems for functionality and the premises for damage regularly. Higher value properties should be checked more frequently.
• Discontinue all utilities not necessary for protection or security systems.
• Adjust thermostats where appropriate. Set central heating to 55 degrees to keep pipes from freezing and air conditioning to 85 degrees to protect against humidity and mold. Temperature alarm options are also available.

Be sure to notify us immediately of any unoccupied property. Failing to give adequate notice could result in denied coverage in the event of a loss. We can work together to make sure your company and its properties are adequately covered.