According to the National Fire Protection Association, U.S. municipal fire departments responded to an estimated 1,240,000 fires in 2013, which resulted in more than $11.5 billion in financial loss, injured more than 16,000 people, and killed more than 3,000. We at Federated Insurance have seen the results of this kind of devastation first-hand. And, what we find most alarming is that the vast majority of fires are avoidable. An in-depth study of Federated clients’ fire-related losses shows the leading causes to be:
- Spontaneous combustion of improperly stored, oil-soaked rags and other combustible materials
- Over-loaded electrical circuits and improper use of electrical cords and surge protection
- Careless smoking
- Improper storage of flammable liquids
Each of these fire risks can be avoided by following proper prevention steps. In recognition of Fire Prevention Week, October 4-10, 2015, Federated Insurance has created a short check list on inspecting facilities for major fire hazards. A copy of the check list can be reviewed here.
For more information on Federated’s fire prevention information and other risk management programs, or to locate your local representative, visit www.federatedinsurance.com, or call 1-800-533-0472.