Why every business should own an AED

Updated On November 7th, 2023By Dynamoney

If you are a small or medium sized business manager or owner, it is likely that you are incredibly focused on the finances and performance of the business. As an SME your performance is a crucial aspect that will trigger growth and help you to continue growing. However, without stable cash flow and finances, your growth might become stagnant.

Aside from your SMEs performance and financial situation, there is one other crucial factor you should be focused on, and that is the health and safety of your employees. Unfortunately, you never know when anyone within your office or company space could suffer from a sudden cardiac arrest (SCA).

In Australia, 25,000 people per year suffer from cardiac arrest outside of a hospital setting. This is why it is so important that no matter what type of industry your SME is within, that you should have an Automatic External Defibrillator (AED) on-site.

“AEDs are so important because they strengthen, and are a vital link, in the chain of survival.”

An AED can check a person’s heart rhythm and recognise that it requires a shock, it can then restore a normal heart rhythm in a victim of sudden cardiac arrest.

Unfortunately, the statistics surrounding the survival of victims that have suffered sudden cardiac arrest, are very low if CPR isn’t undertaken and an AED isn’t used within the first 5 minutes of the arrest.

AEDs are so essential to have on your premises because when a person suffers from a sudden cardiac arrest their chances of survival decrease by 7 -10% every minute that passes without defibrillation, showing that AEDs aren’t just crucial but lifesaving.

Even though many people may have never heard about sudden cardiac arrest or an AED, AEDs are designed specifically to be used by someone who has no medical training. They are designed with simplicity in mind, and many will have verbal commands to instruct anyone on how to use the device in the case of an emergency.

Every business no matter how small or how big should ensure that they own an AED, as there is no better way to protect your staff or any one of the premises in the case of SCA.

A business has no excuse to not obtain an AED to be kept on their premises. However, if you are a small or medium sized business, you might not have the cash flow or cash reserve to be able to purchase an AED outright, even if you know it could save a life.

So, if this sounds like your dilemma it might be time to consider a finance option to help purchase an AED for your business. A non-bank lender that has finance options specifically tailored to small and medium sized businesses is your best option for AED finance, as they understand the struggles that SMEs often face.

As a non-bank SME focused lender, Dynamoney can provide you with a medical finance solution that can ensure your small or medium sized business can purchase an AED without interrupting your cash flow. So that no matter what happens, your SME is prepared to save a life.