One of the most overlooked aspects of failing to maintain an up-to-date Fire Risk Assessment (FRA) is the potentially significant financial ramifications it can have, particularly when it comes to insurance claims. An outdated or inadequate FRA could jeopardise your insurance cover, leaving your business exposed to significant financial loss in the event of a fire.

The Importance of a Current Fire Risk Assessment

Insurance providers require businesses to maintain a 'current' and 'suitable & sufficient' FRA as a prerequisite for coverage against fire-related damages. This document not only shows that you've identified fire hazards and risks but also demonstrates that you've taken appropriate steps to mitigate them. The Consequences on Insurance Failure to keep an up-to-date FRA can have serious implications for your insurance claim if a fire occurs. Many insurance companies will scrutinise your FRA to ensure that you've fulfilled your responsibilities. If they find that your FRA is outdated, inadequate, or action plans have not been followed, they may refuse to honour the claim in part if not all depending on the failure.

The Repercussions on Business

Without insurance cover, the financial burden of a fire could be devastating. You may be liable for repair costs, replacement of assets, and even legal fees if employees or customers are harmed. Beyond these immediate costs, the long-term impact on your business reputation could result in lost clients or contracts, further exacerbating financial woes.

Protecting Your Interests

The best course of action is to keep your FRA current and comprehensive. Regular reviews and updates will not only keep you compliant but also strengthen your position in the event of an insurance claim. Consider working with experts like Ilisi Expert Legal Compliance to ensure that your FRA meets all legal and insurance requirements. To book your Fire Risk Assessment with Ilsi complete our contact form and we respond to you with a formal writtern quotation.

I recently had Ilisi Expert Legal Compliance conduct a Fire Risk Assessment for our IT business office. From the initial consultation to the final report, their team demonstrated a deep understanding of fire safety regulations and best practices.

We received an easy-to-read report that outlined areas for improvement. Ilisi also followed up with us and provided support in implementing the recommended changes.

Peter Killick
PK Networks

Contact Ilisi

Michael Mylne

Barrister/Adviser/Assessor

Address

1 Woodwards Farm Cottages,
Mill Lane,
Balcombe,
Haywards Heath,
West Sussex
RH17 6QS

Telephone

Landline: 01444 811434

Email

michael.mylne@ilisi.co.uk

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