Property managers play a vital role in safeguarding people, property assets, and long-term real estate investments, making fire safety and asset protection a top priority. Here’s why it’s essential:

Fire safety measures such as fire doors, alarms, sprinklers, and passive fire protection help minimise the risk of loss of life and serious injuries in the event of a fire.

Fires can cause catastrophic structural damage to buildings, equipment, and inventory. Implementing planned preventative maintenance for fire safety assets reduces the likelihood of financial losses and can also lower annual building insurance premiums by demonstrating proactive risk management.

A fire incident can directly or indirectly lead to:

• Extended downtime for affected areas within a building.
• Increased annual insurance premiums due to heightened risk or voided policies based on the severity of the incident.
• Revenue losses due to business disruptions affecting tenants or primary business owners.
• Unwanted negative media attention, putting stakeholders and property management under scrutiny.

Capital works projects which involve significant investments in infrastructure, buildings, and major upgrades require asset protection from the pre-construction phase. Proper asset protection ensures the longevity, safety, and compliance of these assets, reducing the risk of total loss or excessive maintenance costs.

Are You Managing Property Assets? 

What’s your annual budget for fire safety and preventative maintenance?

Find out how PAL Fire Protection can help manage costs and reduce your building insurance premiums beyond the standard fire risk assessment.