August2017

MANAGEMENT TRENDS... from page 62.

ELECTRICAL... from page 32.

observed; having a staff member, fire warden or volunteer over 18 years old with a working cell phone pass by each door every 15 minutes and complete a log until fire watch is complete. It is important to notify your fire alarm monitor- ing system and insurance company in writing of Fire Watch (both when it starts and when it is completed). Another hot topic in today’s society is Active Shooters. Having emergency procedures in place geared for this unfortunate possibility can be crucial. Insurance Companies, police departments and other federal agencies (such as the Department of Homeland Security) have plenty of resources to help you plan your protocol for this emergency. The bottom line is that unpredictable emergencies hap- pen every day. Managers who can prepare and teach their team how to react will help lower the risk of injuries and property damage. Don’t forget that insurance compa- nies, service providers and local government agencies can also help you with your procedures and guidelines. n

a licensed electrician to replace an FPE Stab-Lok circuit breaker may be in the $1,000 - $3,000 range, per circuit breaker. (I think this should go back to the author. It sounds very high for a single circuit. The whole panel of breakers could be replaced for not much more than that.) Many insurance companies will not consider insuring a client or may provide critical replacement recommen- dations if these circuit breakers are found in their build- ings. Identifying which circuit breakers you have on site and determining remediation methods are important in appropriately managing your own risks. A proactive elec- trical preventative maintenance program conducted by a licensed and insured electrician can protect your properties from severe losses and insurance costs. n Caesar Mistretta currently serves as Vice President of New Business Development of HUB International Northeast, a leading global insurance brokerage serving the Real Estate industry for over 60 years. Caesar can be reached by phone at 908-790-6918 or at caesar.mistretta@hubinternational.com. Chris Dunlap, MS, ABCP, ARM-E, CFPS, CLCS, currently serves as Assistant Vice President and Senior Risk Consultant of HUB International East Region. Chris can be reached at 908-790-6883 or chris.dunlap@hubinternational.com

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