BALA CYNWYD, Pa., Nov. 11, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Philadelphia Insurance Companies' (PHLY) "POINT" risk management strategy helps businesses prepare for harsh winter weather to try to avoid major property damage. The polar vortex contributed to $3.4 billion dollars in property damage in the beginning of 2014 and the forecast for this winter predicts more brutal conditions. According to the Insurance Institute for Business and Home Safety, 25% of businesses involved in a major property disaster do not reopen.
PHLY's "POINT" strategy shows how to combat pipe freeze, breakage, and subsequent water damage to protect buildings during freezing conditions. PHLY.com/POINT has a video showing each step of the "POINT" strategy, from inspecting your facility, to insulating water pipes, and installing an alarm system. Anyone can also request a downloadable PHLY "POINT" checklist.
"It's crucial for businesses and organizations to take action now before the cold and harsh winter conditions arrive," shared Mark Konchan, vice president of Risk Management Services for PHLY. "The 'POINT' strategy can help reduce the chances of freeze related damage to property and significant losses that can be costly and interrupt business."
PHLY is also partnering with J.C. Restoration, Inc. to provide a complimentary webinar on pipe freeze and water damage response. The November 19th, 2:00 p.m. EST webinar provides more information on how organizations can prepare their facilities. JCR is a member of Disaster Kleenup International (DKI), a network of North America's leading restoration contractors.
Visit PHLY.com/POINT to learn more.
About Philadelphia Insurance:
Philadelphia Insurance Companies (PHLY) designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated "A++" (Superior) by A.M. Best Company and "AA-" for counterparty credit and financial strength by Standard & Poor's, is nationally recognized as a member of Ward's Top 50, National Underwriter's Top 100, and one of the Top 150 Workplaces in America. Policies are underwritten by Philadelphia Indemnity Insurance Company. The organization has 49 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.
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