Is Water Damage Sinking Your Business?
Water damage not only leads to expensive repairs, insurance claims and potentially legal fines, but also disrupts business operations, leading to lost revenue and eroding the bottom line. And the financial costs are just the tip of the iceberg. Water damage can also have a significant impact on a business’s reputation, reducing tenant and client confidence and causing irreparable harm to its brand.
$120,000
is the average cost of water damage per claim for commercial properties
14%
of commercial property insurance claims are due to water damage
1 Trillion
gallons of water is wasted each year by commercial facilities due to leaks, inefficient systems