3 Ways Water Damage Can Cost Your Business Money

5/14/2020 (Permalink)

3 Ways Water Damage Can Cost Your Business Money

Water damage can affect your Davis Crossroads, GA, business in a variety of ways. While this term might bring to mind a large amount of flooding or an overflowing toilet, even smaller issues can have a large impact. Whether you are dealing with significant damage or just a leak, you could end up losing money in the following ways.

1. Higher Water Bills
A water leak, particularly if it is on the smaller side, might not seem like a big deal. You might even push it to the back of your mind to make room for more urgent matters. However, this is not the best solution to this problem. If the leak is ongoing, you could be losing a much larger amount of water than you think. This can result in higher water bills that can cost your business thousands of dollars. Have leaks repaired quickly to prevent this.
2. Building Repairs
Along with higher water costs, you could also be looking at a repair bill. If you ignore a water leak that ends up causing significant damage to your building, you may be unable to file an insurance claim to cover the costs. A leak can indicate damaged pipes that could break and cause flooding. It can also cause mold to grow and spread through the building.
3. Lost Work Hours
If there is a pipe break in the building, you might be unable to work while repairs are being done. Depending on the severity of the damage, the process can be lengthy. Over this time, you could lose money in the form of sales and profits. You might also lose valuable work time. You can reduce the likelihood of this by performing inspections and maintaining your building regularly.
Even if it is something as small as a water leak, it is a good idea to hire a water damage remediation company to perform repairs to your building when needed. Catching these problems before they become larger will keep your business from suffering more severe losses.