When completing a Business Insurance quote request or proposal you maybe asked “How much Expanded Polystyrene (EPS) does the premises contain?” So what is Expanded Polystyrene (EPS) and how does it affect my insurance premium?
What is EPS?
Expanded Polystyrene (EPS) is synthetic aromatic polymer made from the monomer styrene. Polystyrene can be solid or foamed.
It has many applications in construction including insulated panel systems for walls, roofs and floors as well as facades for both domestic and commercial buildings, food processing, cold storage, pharmaceutical production and distribution/logical operations.
How does it Affect my Insurance?
It is highly flammable and has resulted in some large insurance claims (click here for an example). If you have a fire that results in a claim, and you haven’t told your insurer that the building has EPS, your claim maybe declined.
If you need more help to estimate the amount of EPS in your premise speak to a broker, and remember to check your neighbours property as well if you share premises
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