In today's highly competitive environment, companies are struggling to stay on top by finding ways to both limit expenses and increase profits. No company can afford the loss of property and productivity from destruction caused by fire or natural hazards.
Equipment damaged within minutes can take months to repair or replace.
In the meantime, skilled employees find new jobs. If that happens, time must be taken to train new personnel and to obtain and set up new equipment. Key executives will spend their time dealing with the loss rather than next year's business plans. Market position may be lost. Inflation and material shortages may make rebuilding difficult and costly.