A report revealed that many companies are not up to speed on the latest regulations covering electricity in the workplace, which includes maintenance of electrical systems.
A survey of 600 companies by Zurich Risk Services showed that electrical faults damaged property at almost one in six firms.
Around 2% of those questioned said customers or members of the public had experienced an electrical shock.
Phil Moore of Zurich Risk Services said: "These findings highlight that there is still a lack of awareness of the regulations, some 17 years after they were originally implemented."
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