Risks of Load Shedding For The Small Business Owner

Cyber Liability Insurance
Cyber Liability Insurance
9th June 2015
ccainsurance
6 Things That Can Minimise The Impact of Load Shedding
27th July 2015
Show all
Risk Insurance

Depending on the type of business you run, whether you’re a guesthouse owner, plumber or franchisee, here are some of the top risk areas associated with load shedding:

  • Theft and burglary: Remember that criminals also study load shedding schedules to work out which areas are vulnerable at which times. Tripped and false alarms are great opportunities for opportunistic burglars. Make sure that your alarm system has a working back-up battery, try and keep as little cash on your premises as possible and be extra vigilant about access to your premises and securing your perimeter.
  • Stock spoiling: It’s important to always leave your freezer and refrigerator doors closed to preserve the cold temperature inside. A full freezer should keep food safe for up to two days and a refrigerator for 4-6 hours.
  • Production halting: If your production relies on machinery, and staff cannot put in additional hours on weekends or evenings, perhaps then consider buying or hiring a back-up generator.
  • Battery life: If your laptop is your life, make sure your battery is fully charged and invest in a portable modem with sufficient data.
  • Lighting: If your business requires good lighting in order to perform intricate work (e.g. medical professionals), it is very important that you familiarize yourself with the schedules and plan ahead as load shedding can have a direct impact on your business.
  • Damage to electronics and machinery: Surges or spikes – caused by the electrical supply being switched on and off – can cause damage to electronic equipment and machinery. If your business relies heavily on electrical equipment and machinery, you might want to look into surge protection plugs, back-up batteries or UPS (see more on this below).

-courtesy of Sanlam