Accidents into commercial, public and retail buildings occurmore than 60 times per day in the United States, resulting in asmany as 500 fatalities and more than 4,000 serious injuriesannually.

The cost of these accidents to the insurance industry runs intothe hundreds of millions of dollars per year, and is climbing.

The Storefront Safety Council has collected data on nearly10,000 incidents over almost five years. These are referred to as“storefront crashes” because such a high percentage fit into thatcategory. Through 2016, data collection efforts produced thefollowing results:

Cost of crashes to insurers

The costs of these accidents are born largely by insurers. Thedriver's insurance (if the driver is insured atall) covers the first portion up to policy limits, then thebusiness owner or the property owner's insurance kicks in up to thepolicy limits. After that, lawyers are called in to cover the costsof claims for additional damage, business interruption andinjuries. Unfortunately, there has been a substantial increase inthe dollar value of claims (both settlements and verdicts) over thelast several years.

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