Is your business in the right location?
With changing weather patterns, an office sensibly located just 10 or 20 years ago could now constitute a risk. Developments in the market can help you to quantify the risks and make better decisions around existing locations and future expansion.
The risk of floods damaging buildings is set to rise due to climate change, but it is already threatening the viability of many businesses across the UK.
The integration of technology in buildings and the data-gathering this enables is helping real estate operators and investors to raise the profitability of properties but it is also changing the nature of risk exposure in the sector.
Many of our real estate sector clients and their tenants will be following Government advice and have arranged for their employees to conduct business from home, rather than at their usual place of work. This is likely to become more widespread as time goes by, with a large number of premises becoming unoccupied or occupied intermittently.
Businesses and insurers need to explore alternative measures to combat flood damage.