Don’t put this task off!
To better understand why you should prioritize installing fire suppression equipment throughout your property, consider the following points:
Protecting Inventory
You already know that boosting the safety of everyone at your dispensary or grow operation is the most critical reason to install fire suppression systems. However, it’s also worth keeping in mind that, given the nature of your business, a fire suppression system can play an important role in protecting your inventory as well. When your inventory consists of many cannabis and/or hemp products, a small fire that causes no harm to individuals nevertheless has the potential to destroy substantial portions of said inventory.
Avoiding Claims and Lawsuits
If someone is harmed in a fire at your grow business or dispensary, they may have grounds to file a claim or lawsuit if they can show that you failed to take adequate steps to protect them. Guard against legal issues and financial consequences by proactively installing fire safety and suppression equipment.
Boosting your Business’ Reputation
Your industry is still fairly new. Additionally, many of your potential customers could be trying your products for the first time. It’s not uncommon for dispensary customers to be first-time visitors.
Although they might not necessarily have any reason to be, such customers may be somewhat uncomfortable during their first visits. Given the fact that you could be selling products that were only recently legalized, and the fact that most businesses in this industry are still relatively new, some would-be customers might look for evidence showing you run a reputable operation.
This is another reason to install a robust fire suppression system. This may seem like a minor point, but you must consider the impression all details of your business and property can make on potential customers. If a new customer sees you’ve taken such steps as installing safety equipment to protect them and others, they may be more likely to assume you’re a professional they can trust. This could also give them more reason to patronize your business instead of a competitor’s.
Be aware that just as installing fire safety equipment can have a positive impact on your business’ reputation among customers, failing to install such equipment can have a negative impact on your reputation. If customers learn a fire occurred on your property and caused more damage than it would have if you’ve established safety systems and protocols, their once positive opinion of your business may change overnight. Winning back their trust can be very difficult when this happens.
Tax Benefits
Running any business is often expensive. Bringing in revenue isn’t enough to ensure your dispensary or grow operation will thrive. You also need to seek opportunities to save money.
Installing fire suppression equipment can help you do so. Often, the government will offer tax breaks to businesses that install new safety systems. Your insurer may also charge lower rates if you take wise safety steps.
Thus, the cost of installing a new fire suppression system is likely to be minimal when compared to how much money you can save as a result of doing so. Remember that if you’re considering installing fire safety equipment later, perhaps because your budget right now is tight. This is a task worth crossing off your to-do list as soon as possible.