Nov 30, 2023 | Trends

You Wouldn’t Go Without Health Insurance. Why Would You Allow Your Building?

The average adult gets sick two to four times a year and visits a physician 4 times per year. Yes, at least one of those visits is for preventative care, like screenings and routine check-ups; however, the vast majority of appointments are sick visits.

When it comes to health insurance, if we had to guess, you don’t enroll in certain plans because you think you’re going to stay healthy. You do it so that you have the best coverage when you get sick.

Buildings, like people, get sick too.

According to data from Albireo Energy, the #1 reason for a service call is that something has stopped working, which is typically related to critical building management equipment or systems being down. Downtime can mean time and money, and potential disruption in mission critical environments like data centers, labs, hospitals and office complexes.

Unfortunately, when you call in a technician for a one-time service call, you may not be at the front of the queue. In fact, it could feel like the equivalent of going to the emergency room for a common cold. You’re lower on the priority list so the visit could take longer and could cost up to 25% or more than a scheduled appointment.

Service agreements for building systems work.

Similar to health insurance, service agreements outline the terms of every service the company provides including how they will be delivered. It could include regularly scheduled maintenance that helps drive outcomes like uptime, energy performance, and critical alarm management or simply repair and maintenance time when your building gets sick. Service agreements are like “health insurance for your building” and here are four ways that they’re alike:

  • Financial Protection. Health insurance reduces the financial burden of medical treatments, while a service agreement can lessen the overall operating cost of a building and can even provide monitoring and analytics that offer cost avoidance benefits.
  • Risk Mitigation. Health insurance covers preventive care to maintain a person’s health. Similarly, a service agreement includes regular and preventative maintenance to help prevent or proactively identify major issues in a building.
  • Service Provision. Both provide access to specialized services – healthcare specialists in the case of mental health and specific physical needs, and skilled engineers and technicians, data analytics and performance dashboarding in the case of building services.
  • Peace of mind. Having a service agreement, like health insurance, can provide peace of mind, knowing that expert help is readily available when needed.

Schedule time with an Albireo Energy Service Expert to discuss service agreements for building systems are right for you.

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