Around 129,500 non-residential building fires break out every year, according to the U.S. Fire Administration.
In 2023, those fires led to 130 deaths, 1,200 injuries and more than $3.16 billion in losses.
Non-residential building fires are on the rise. Over the last 10 years, the U.S. saw a 19% increase in such fires, as well as 70% increase in deaths and a 10% increase in dollar loss.
A fire can wipe out a place of business, and the financial impact goes far beyond the cost of repairs. Companies usually suffer from some level of business interruption, supply chain interruption and a loss of employee productivity.
Fire and explosion are the third most significant cause of business interruption, according to the Allianz Risk Barometer, accounting for over 36% of business interruption insurance claims by values.
Commercial fires can break out for a variety of reasons, from equipment malfunctions to weather to employee accidents.
Measures that can help with fire prevention include:
- Installing fire alarms and sprinkler systems
- Performing routine inspections and equipment testing
- Training employees on emergency response protocols
Commercial property insurance policies usually cover fire damage, including the cost of repairs or replacements. Business interruption insurance can help cover lost income while repairs are made after a fire.
The slideshow above highlights 10 of the deadliest commercial fires in U.S. history according to the National Fire Sprinkler Association.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.