No Power? What Your Clients Need to Know About Emergency Generators

Basic Preventative Measures Can Save Big Bucks

What happens to your financial institution clients if the power goes out?  Can they service their clients?  What if the standby generator fails to kick-in right away?

According to a new informational presentation on backup generators by our reinsurance partners at Mutual Boiler Re, a typical data center loses $5,600 per minute on average if their power went out and the back-up system fails to start immediately.

While difficult to draw direct comparisons to a financial institution, a back-up generator is only as efficient as the plan around servicing it. This can be crucial to functioning IT systems, operating branches, and security considerations. The presentation shares information to help avoid problems when already facing an emergency event, such as a generator failing to start (as is the case 80% of the time when a battery isn’t charged).  This report can help identify common causes of failures encountered with emergency generators, including five easy maintenance steps to help ensure the generator works when needed.

Share the report with your clients and help them save time, money and aggravation before they have their next power failure.

Make Sure Your Financial Institution Clients Have the Right Coverage

Make sure your customers have the right insurance coverage from the financial institution experts, Berkley FinSecure.  Contact any one of us below for help in making sure your FI customers are protected!

VP Sales and Distribution
Jon Martin 410-372-6325
   Midwest Region
   Chuck Cook 913-553-8559
Northeast Region
Jeanne Shrum 207-415-4587
   West Region
   Scott Harris 512-800-5393
Mid-Atlantic/South Regions
Dave Cassel 443-987-8619
   Northwest Region
   Pete Verretto 973-775-5233

 

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Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, please visit: http://wrbc.info/Licensing/License.htm 

The post No Power? What Your Clients Need to Know About Emergency Generators appeared first on Berkley FinSecure.

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