One of the most important decisions that any business owner makes involves choosing the right insurance coverage. Depending on the carrier, fire insurance may be a standard offering. Especially when dealing with certain risks, such as a substation fire, it is critical that you have the necessary protection.
Compared to other types of fires, a transformer fire is considered the most dangerous. In addition to significant damage, there is a major risk of injury and even death, both on- and off-site. Even if a substation fire is relatively small, it poses a massive risk. This is why having the right insurance coverage is essential.
For ultimate protection, it is important to have a properly rated transformer fire separation wall in place. With the right wall that is correctly positioned and spaced, the damage and risk to human life are dramatically reduced. Regardless of the transformer’s insulation, you need to work with a reputable company. For instance, a company like DuraSystems will give you confidence that the right transformer fire separation wall is constructed.
Specific to a transformer fire, the wall assemblies manufactured by DuraSystems are for passive fire protection in modern construction. These walls are made to provide up to four hours of fire protection. If the situation warrants, DuraSystems also manufactures wall penetrations and fire-rated doors for optimal protection.
For various materials, including oil, gas, and chemicals, your insurance company may require something more robust when dealing with this kind of fire. The DuraBlast Barrier is designed for exterior fires and blasts. Often, a transformer fire will include a large blast. In that situation, an explosion can do extensive damage to property, not to mention increase the risk to humans. Fortunately, with a modular barrier, the risk is reduced dramatically.
The fact is that there is a good chance that your insurance company will provide coverage for a substation fire, but only if certain measures have been taken. Obviously, insurance companies want to be protected, as well. Therefore, they will check that all OSHA regulations are followed and that a proper wall or barrier is in place. However, it is imperative that you first talk to your insurance company so that you know what the requirements are.
To get the insurance coverage you need, we would love to help you choose the right type of substation fire protection. We offer years of experience and unrivaled expertise when it comes to fire protection systems.