Harger

Struck by Lightning: How Businesses Can Become More Resilient – Triple-I and LPI

Retrieved on: 
Monday, April 29, 2024
Professional Services, Insurance, Natural Disasters, Environment, Small business, LPI, Risk, Insurance Information Institute, SBA, Water, Harger, National Small Business Week, Structural Damage, Luigi, Interruption, Telephone, Lightning, Fire

“A lightning strike can have a significant impact on a business - especially a small business,” said Tim Harger, executive director, LPI.

Key Points: 
  • “A lightning strike can have a significant impact on a business - especially a small business,” said Tim Harger, executive director, LPI.
  • By taking proactive measures to protect their operations, small businesses can safeguard their livelihoods and ensure long-term success."
  • Harger noted that while lightning fires cause structural damage, what’s even more costly is damaged inventory, production downtime, and loss of revenue during repairs.
  • The system’s installation should be accompanied by the business’ purchase of the right types and amounts of insurance, Triple-I and LPI agree.

When Lightning Strikes: How Business Can Protect Its Bottom Line

Retrieved on: 
Monday, April 24, 2023
Professional Services, Small Business, Commercial Building & Real Estate, Construction & Property, Insurance, Harger, Insurance Information Institute, Telephone, Structural Damage, Luigi, Risk, LPI, Lightning, Interruption, National Small Business Week, SBA, Fire, Property insurance, Risk management

Properly installed lightning protection systems include utilizing a certified lightning protection contractor and a third-party inspection program.

Key Points: 
  • Properly installed lightning protection systems include utilizing a certified lightning protection contractor and a third-party inspection program.
  • Surge protection alone does not protect against the damage of a direct lightning strike.
  • Installing a complete lightning protection system which includes surge suppression will protect a business from the impact of lightning.
  • But smart entrepreneurs also recognize insurance and risk mitigation are essential elements to an overall business plan,” said Kevelighan.